Allegiant October 2024 Traffic Numbers Declines Year Over Year

Allegiant Travel Company (ALGT) recently reported disappointing traffic numbers for October 2024. Scheduled traffic (measured in revenue passenger miles) fell 15.7% from the October 2023 levels. Capacity (measured in available seat miles) for scheduled service fell 10.2% year over year. As traffic decline was more than capacity, the load factor (percentage of seats filled by passengers) in October 2024 declined to 78.5% from 83.7% a year ago.Total departures (scheduled services) fell 10.7% in October 2024 f ...