BUZZ-Allegiant Travel forecasts upbeat December capacity

Reuters12-12

** U.S.-based carrier Allegiant Travel's shares rise 1.5% to $88 premarket

** Company says December capacity expected to be up 17% year-over-year

** "Booking trends following the election continue to outpace our initial expectations" company says

** Allegiant adds that transaction during Q4 to sell underutilized CFM engines, resulted in $15 mln gain

** Company expects Q4 total revenue per available seat mile (TRASM) to be down 1.5% year-over-year

** 2 of 14 brokerages rate the stock "buy" or higher, 11 "hold" and 1 "sell"; median PT $75 - LSEG

** As of last close, stock up 5% YTD

(Reporting by Anshuman Tripathy)

((Anshuman.Tripathy@thomsonreuters.com))

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