Allegiant Travel Company 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 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. AZUL , Spirit Airlines, Inc. SAVE and Ryanair Holdings plc 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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Ryanair Holdings PLC (RYAAY) : Free Stock Analysis Report
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