Allegiant (ALGT) Posts Unimpressive April Traffic Numbers

Allegiant Travel Company (ALGT) recently reported disappointing traffic numbers for April 2024 due to the softness in air travel demand. Scheduled traffic (measured in revenue passenger miles) fell 13% from the April 2023 levels. Capacity (measured in available seat miles) for scheduled service declined 11% from the April 2023 reading. The load factor (percentage of seats filled by passengers) in April 2024 declined to 82.4% from 84.3% a year ago as the traffic decrease was more than the capacity contractio ...