April 12, 2010

Allegiant Air 1st qtr results

Allegiant Air, which is expanding its schedule of flights from secondary airports to vacation destinations, said Monday that traffic soared 16.4 percent in March.

The airline said paying passengers flew 545.6 million miles last month, up from 468.6 million miles in March 2009.

The rapid gain in traffic barely outstripped an increase in capacity, which rose 15.7 percent, to 587.4 million available seat miles, a measure of one seat flying one mile. Airlines boost capacity by adding flights or using larger planes.

Average occupancy, or load factor, rose to 92.9 percent from 92.3 percent a year ago.

Allegiant joined discount carrier AirTran and traditional carrier Continental in reporting strong gains in March traffic, adding to evidence that travel demand is recovering after the recession.

For the first quarter, Allegiant said traffic rose 18.6 percent, capacity increased 17.4 percent, and occupancy rose to 91.7 percent from 90.8 percent.

Shares of parent Allegiant Travel Co., which sells hotel rooms and rental cars along with air service, fell 61 cents to $55.79 in morning trading.

6 comments:

Anonymous said...

Bill:

U are just waiting for me to bite, aren't you?!

:-)

Harry T
Worcester,MA

Bill Randell said...

Harry:

I will first. Why can't we get an airline this in Worcester?

Bill

Anonymous said...

LOL!!! You read my mind, Bill !!!

Harry T
Worcester,MA

PS

Those Charlatains sure know how to run a business, eh?

David Z. said...

Bill, speaking of airlines you should update your home page to reflect that Direct Air has launched service to Myrtle Beach again.

Also, once MassPort officially takes over Worcester Regional Airport, what airlines and/or service do you expect to see and how soon?

Jahn said...

Do I smell another wager in the wind re: what we get for add'l comm. air seervice once our rich Uncle Massport takes over. Let's just hope Uncle Massport does morph into Uncle Buck.

And the name change to Boston-Metrowest Airport will occur when please? GreaT to see they would/could be allowed to erect new signage if and when a Name change does occur.

I guess Signman went to city hall and kicked some serious butt to get the council to see things his way [g]. Soooooooooo, I do wonder what really did happen that the council did a complete flip flop re sign moratorium? I Hope did read Wednesday paper correctly......?????.......as I only read the headline and one or two otherlines in the article?

I Was traveling the city yesterday. Holy crap Batman, the city streets in such horrendous condition that my hemmorhiods are acting up today. Once again i find it odd that private property owners are held to all kinds of standards re the condition of their property and are responsible for snow removal form some of the citys property, yet there are no standards for roadway & sidewalk surface conditions. Do as I say not as I do........And since when is Fresolo the go to guy for getting sidewalks repaired in front of ones house? I mean whats next......do I now have to call Deval or Harriet or Elmer Fudd when there is party with loud rap music in my hood??

tim macdonald said...

Just saw a USA3000 jet fly in about an hour ago? They must be flying for directair.