- Allegiant Travel (NASDAQ:ALGT) reports revenue passenger miles increased 8.4% in November to 779.73M.
- "November close in bookings and the pace of sales for December are exceeding our prior expectations," says Allegiant COO Jude Bricker.
- Capacity was up 10.0% Y/Y in November to 975.55M available seat miles.
- November load factor -120 bps to 79.9%.
- Average stage length -3.6% to 879 miles.
- The company expects Q4 revenue per available seat mile to be -6% to -4.5% vs. a prior forecast of -7.5% to -5.5%. Capacity is seen rising 10% to 14% in Q1.