Allegiant Travel Passenger Traffic Declines in November; Q4 EPS Guidance Updated

MT Newswires Live12-12

Allegiant Travel (ALGT) said Thursday that its preliminary total system passenger traffic for November declined by 6.5% year-over-year to about 1.2 million passengers.

Total system available seat miles slipped 0.6% year over year, while scheduled service departures decreased by 2%, the leisure travel company said.

Allegiant's estimated average fuel cost for November was $2.52 per gallon, the company said.

For Q4, the company said it now expects consolidated earnings per share, excluding special charges, of $1.75 to $2.25, compared with breakeven to $1, previously.

Allegiant shares were 1.5% higher in premarket trading.

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