Allegiant (ALGT) Traffic Up, Load Factor Falls In February

By Zacks Investment ResearchStock MarketsMar 09, 2020 09:18PM ET

www.investing.com/analysis/allegiant-algt-traffic-up-load-factor-falls-in-february-200514888

Allegiant (ALGT) Traffic Up, Load Factor Falls In February

By Zacks Investment Research | Mar 09, 2020 09:18PM ET

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RYAAY

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Allegiant Travel Company (NASDAQ:ALGT) reported mixed traffic numbers for February 2020. Traffic for scheduled service, measured in revenue passenger miles (RPMs), increased 18.3% on a year-over-year basis to 1.12 billion. Scheduled capacity, calculated in available seat miles (ASMs), also rose 20.5% to 1.37 billion in the month.

With capacity expansion exceeding traffic growth, load factor (percentage of seats filled with passengers) plunged 150 basis points year over year to 81.8%.

The number of departures for scheduled service climbed 20.9%. However, the average stage length (average distance flown per aircraft departure) dropped 0.7% to 902 miles in the same month. For the total system (including scheduled service and fixed fee contract), number of departures increased 19.8%, while the average stage length slipped 0.6%.

Allegiant Travel Company Price

Allegiant Travel Company Price

Allegiant Travel Company price | Allegiant Travel Company Quote

Zacks Rank & Key Picks

Allegiant Travel carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the Zacks Airline industry are Azul S.A. (NYSE:AZUL) , Spirit Airlines, Inc. (NYSE:SAVE) and Ryanair Holdings plc (NASDAQ:RYAAY) , each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Azul has trailing four-quarter positive earnings surprise in excess of 100%, on average. The carrier reported lower-than-expected earnings per share (EPS) in one of the last four quarters and beat estimates in the other three.

Spirit Airlines has trailing four-quarter positive earnings surprise of 2.8%, on average. The carrier reported in line EPS in one of the last four quarters and beat the consensus mark in the other three.

Ryanair has trailing four-quarter positive earnings surprise of 56.3%, on average. The carrier reported lower-than-expected EPS in one of the last four quarters and beat the Zacks Consensus Estimate in the other three.

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Allegiant (ALGT) Traffic Up, Load Factor Falls In February

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