Business for Allegiant Travel Co., the parent of discount flier Allegiant Air, grew modestly in March, but that may soon end.
In a statement Friday, Allegiant said it carried 3.4 percent more passengers in March than one year ago. But because of shorter trips, the cumulative miles each seat traveled with a paying customer in it, called revenue passenger miles, rose only 1.8 percent.
As aviation fuel prices continue to rise, Allegiant Travel continues to trim its future schedules. In March, the company projected that the number of scheduled flights in the second quarter, excluding charters, would be 1 percent higher to 3 percent lower. This month's revision calls a decline of 1 percent to 5 percent.
But thanks to fare hikes, revenue for each seat mile flown in March is expected to rise at least 18 percent.
Contact reporter Tim O'Reiley at email@example.com or 702-387-5290.