Allegiant exceeds Q2 unit revenue forecast

Washington DC
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Las Vegas-based Allegiant Air grew second quarter passenger revenue per available seat mile (PRASM) by an estimated 6.1-6.5%.

This is significantly higher than the 2-4% range the carrier forecasted earlier in April.

Allegiant estimates that total revenue per available seat mile rose 4.6-5% in the second quarter, it says in preliminary financial results released with its June traffic data. Cost per available seat mile excluding fuel rose 4.2-4.6% in the second quarter.

In updated guidance, the carrier expects July capacity to grow by 8%. Third quarter scheduled available seat miles (ASMs) are expected to increase in the 9-13% range, and fourth quarter scheduled ASMs in the 8-12% range.