Allegiant Travel Company (ALGT) recently reported disappointing traffic numbers for April 2024 due to the softness in air travel demand. Scheduled traffic (measured in revenue passenger miles) fell 13% from the April 2023 levels. Capacity (measured in available seat miles) for scheduled service declined 11% from the April 2023 reading. The load factor (percentage of seats filled by passengers) in April 2024 declined to 82.4% from 84.3% a year ago as the traffic decrease was more than the capacity contractio ...