They just became the 2nd airline to start service to Punta Gorda, the other being Direct Air to ORH. They will be flying twice weekly to Greenville SC and Knoxville, TN. We should stay in touch with Allegiant.
How is Allegiant doing?
Allegiant Air, LLC, a wholly owned subsidiary of Allegiant Travel Co. (ALGT: News ) Wednesday reported a 9.8 percentage points increase in November load factor. Traffic during the month increased, while capacity recorded a decline.
November traffic of Las Vegas, Nevada-based Allegiant Travel increased 1.1% to 302.84 million revenue passenger miles from 299.47 million revenue passenger miles in the comparable period a year ago. Capacity, however, declined 10.3% to 348.06 million from 388.02 million in the prior-year period.
November load factor increased 9.8 percentage points to 87.0% from 77.2% in the year-earlier period.Departures during the month showed a 2.6% decline at 2.82 million, compared to 2.89 million in the same month of the prior year.Scheduled service passenger traffic rose 1.9% to 279.65 million from 274.50 million in the same month a year ago.
Meanwhile, capacity measured in available seat miles dropped 10.6% to 311.25 million from 348.07 million in the prior-year month. Load factor was up 10.9 percentage points at 89.8%, compared to 78.9% in the year-earlier month.The company recorded a 7.9% increase in passengers traveled during November, while departures declined 6.7% from the same month last year.
ALGT closed Wednesday's regular trading at $39.20, up $0.41, on a volume of 0.49 million shares.
Catching up, catching on - We caught up with the Moxie Boy recently on I-395: Nice to see there’s enough demand for this New England beverage to warrant its own tractor trailer! Wha...
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