Allegiant Travel Reports May Scheduled Service Passengers Decline Of 3.4%, Load Factor Down 0.7 Pts To 85.9 %
Portfolio Pulse from Benzinga Newsdesk
Allegiant Travel reported a 3.4% decline in May scheduled service passengers and a 0.7 percentage point decrease in load factor to 85.9%.
June 14, 2023 | 8:06 pm
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Allegiant Travel's May scheduled service passengers declined by 3.4% and load factor decreased by 0.7 percentage points to 85.9%.
The decline in scheduled service passengers and load factor indicates a potential decrease in demand for Allegiant Travel's services. This could negatively impact the company's revenue and profitability, leading to a potential short-term decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100