Allegiant Travel (ALGT) Continues to Post Solid Numbers: June

Allegiant Travel (ALGT), being an airline - unfortunately is painted with the same brush as the rest of the industry. Oil up = sell airlines. Consumer weak = sell airlines. All they do is continue to execute. When I compare the data they are pushing out versus the legacy airlines it seems like 2 completely different sectors. While it is hard to own a name that trades outside of its fundamentals, I suppose that is becoming the case more and more in the market. Allegiant posted its June / Q2 traffic figures earlier this week and it continues to stand head and shoulders above its peers. Heck, with oil down dramatically the stock might even be given a chance to go up based on its own metrics.

• Allegiant Air said Tuesday its June traffic leaped 25.6 percent, a stark contrast to its bigger competitors, helped by its focus on leisure travelers in smaller cities. Excluding the company's charter service, Allegiant said traffic jumped 34.1 percent.
• Allegiant, a unit of Allegiant Travel Co., said paying passengers flew 468.8 million miles in June, compared with 373.2 million a year earlier.
• Its capacity jumped 29 percent to 527.3 million available seat miles.
• The percentage of seats filled, or load factor, fell by 2.4 percentage points to 88.9 percent.

• Passengers: +32.2%
• Revenue passenger miles: +34.1%
• Available seat miles: +37.8%
• Load factor: -2.5%
• Average stage length: +1.7%