Allegiant Air (ALGT) came with impressive numbers for October. The load factors were slightly down but we saw healthy increases in most areas as compared to 2008. Allegiant has one of the best load factors in the industry as they manage flight loads well.
Yet, we also looked deeper and saw that there is a rising number of non-paying passengers that are making up this load factor. That can be caused by a variety of factors including frequent fliers and crew transfers. It can also be caused by giveaways to fill up planes and goose load factors. But, for now, we will assume that is is the former.
PR Newswire: Allegiant Reports October 2009 Traffic
LAS VEGAS, Nov. 3 /PRNewswire-FirstCall/ — Allegiant Air, LLC, a wholly-owned subsidiary of Allegiant Travel Company (Nasdaq: ALGT), today reported preliminary passenger traffic results for October 2009.
Disclosure: Horowitz & Company clients may hold positions of securities mentioned as of the date published.