Allegiant Clocks 29.2% Y/Y Growth In October Capacity

Allegiant Travel Co ALGT October 2021 total system passengers increased 4.8% to 1,192,133, versus October 2019. Total system passengers improved 51.4% year-over-year, while Available seat miles improved 29.2% Y/Y and Departures rose 28.8% Y/Y.
Scheduled service traffic grew 7.4% vs. October 2019 and +51.2% vs. October 2020. Scheduled service capacity increased 19.6% vs. October 2019 and rose 27.8% Y/Y.
October’s scheduled service load factor was 74.7%, down 8.4% from October 2019 and up 11.6% Y/Y.
October 2021 estimated average fuel cost per gallon – system was $2.52.
Price Action: ALGT shares closed higher by 0.39% at $193.51 on Tuesday.