Las Vegas-based low-cost carrier Allegiant Air has posted a 10.6% decline in its January scheduled passenger revenue per available seat mile (PRASM).
The carrier's passenger traffic for its scheduled services grew by 15.4% in February against the capacity increase of 16.5%, leading to a 0.8 percentage point decline in the load factor to 89.7%, says the airline.
Passenger numbers increased 8.2% year-on-year to 541,000.
Allegiant estimates its February PRASM to decline by 6.5% to 6.9%. For March, the airline forecasts its scheduled capacity to grow by 16%. Allegiant estimates that scheduled capacity in the first quarter will grow by 15% to 17%, and by 19% to 23% in the second quarter.