A year of growth for Allegiant in 2009
Allegiant (shares up 3.5% yesterday), which has been robust throughout the global economic slowdown, saw an improvement in scheduled passenger load factors in Dec-2009 (up 2.3 ppts to 87.9%), after six consecutive months to reductions (although load factors remained above 89% during the period, with a full year load factor average of 87.5%, up 0.4 ppts year-on-year).
Allegiant passenger numbers and load factor (%) figures and growth levels: 2008 vs 2009
Capacity (ASMs) was increased by 16.0% in the month (lower than the FY2009 average of 22.7%), at a time when the majority of US carriers are reducing capacity, with passenger numbers rising 14.1% to slightly over 450,000 (full year passenger numbers were up 24.0% to 5.3 million.
Allegiant schedule service capacity (ASMs) growth: Dec-2006 to Dec-2009
JetBlue expands in San Francisco
Also in the US, JetBlue’s shares gained 5.4%, as the carrier kicked off the expansion of services at San Francisco International Airport with the addition of new flights to Boston, Long Beach and New York.
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Selected LCCs daily share price movements (% change): 05-Jan-2010