Allegiant Travel carries more passengers in June
Allegiant Travel carried 3.8 percent more passengers in June that one year ago but on slightly shorter trips.
As a result, number of revenue passenger miles, a standard industry benchmark that counts the number of miles each seat travels with someone in it, rose 1.4 percent for both charter and scheduled service.
As jet fuel prices escalated rapidly starting late last year, Allegiant not only trimmed its flying schedule but raised fares and fees. This led to total revenue for each seat mile jumping 27.1 percent from a year ago.
During the third quarter, Allegiant expects the number of total flights to drop from 3 percent to 7 percent, largely as a response to the fuel prices that was planned earlier this year.
In recent weeks, however, jet fuel has started to moderate much like gasoline; the average price per gallon Allegiant paid dropped to $3.16 in June from $3.29 in April. In response, Allegiant now plans to grow its number of flights in the fourth quarter by 3 percent to 7 percent.
Contact reporter Tim O'Reiley at
toreiley@reviewjournal.com or 702-387-5290.
