- Allegiant Travel (NASDAQ:ALGT) reports a load factor of 84.7% in Q3, a drop of 140 bps from a year ago as capacity outran revenue miles.
- The carrier's average fare fell 14% Y/Y to $61.07.
- Operating cost per available seat mile increased to $0.0600 from $0.0595. Average fuel cost per gallon was down to $1.57, from $1.82 a year ago.
- Allegiant expects Q4 revenue per available seat mile to fall between 7.5% and 5.5%. The impact of Hurricane Matthew in October is anticipated to knock off 50 bps from RASM.
- Previously: Allegiant Travel Company beats by $0.09, beats on revenue (Oct. 26)
- ALGT -0.62% premarket to $153.00.