LAS VEGAS, Oct. 5, 2012 (GLOBE NEWSWIRE) — Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for September 2012.
“September has historically been our weakest month of the year and 2012 was no different,” said Andrew Levy, President of Allegiant Travel Co. “In addition, our 23.1 percent growth in scheduled available seat miles (ASMs), predominately driven by our 166 seat growth initiative, added to the seasonal effects which pressured September load factor. That said, we continue to see the profit benefits of the additional sixteen seats, and we are also very pleased with our growth rate in TRASM, as this has helped to offset heightened fuel prices. We expect scheduled load factors in future months to be more in line with the 90 percent range we have posted for most months during the past few years.”