December 10, 2008

Allegiant Air

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.


Anonymous said...

...and this all occuring during the worst economic downturn since the Great Depression! Allegiant is almost at a 52 week high!

Harry T
Worcester, MA

Bill Randell said...

Bunch of charatans???

Paulie's Point of View said...

you know what Bill..Allegient was an example of winners leaving Worcester and nothing is an incredibly frusrating place to be

Anonymous said...

I read in Ct. paper yesterday that international flights to Europe(?) will commence again from Bradley after being cut in early October.........the reason per the newspaper..........drop in fuel prices.

More recommendations from the Worc Mun. Research Bureau in the T&G today (Thurs).........I feel bad for these folks and how all their ideas/recommendations are treated by the council. They should just send over the recommedations with 100% of each written page just redacted. Think of it as Worc tradition.

Anonymous said...

Thursday's flight from Punta Gorda arrived in Worcester on time despite the freezing rain and zero ceiling. Plane was de-iced and took off again on schedule. What now "doomsayers"?