Allegiant expects fall in Q1 unit revenues

Washington DC
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Las Vegas-based Allegiant Air has estimated unit revenues will fall by between 11% and 13% in January, and to decline by between 6% and 8% during the first quarter.

The airline's president Andrew Levy, in an earnings call today, attributes the softness in January to broader concerns with the US economy.

The airline estimates that scheduled capacity will grow by between 15% and 19% in the first quarter, and increase by between 19% and 23% during the second quarter.

Allegiant's cost per available seat mile excluding fuel is forecasted to grow by between 1% and 3% in the first quarter, it says.