Allegiant Travel Company ALGT reported impressive traffic figures for January. Traffic for scheduled service, measured in revenue passenger miles (RPMs), increased 12.6% on a year-over-year basis to 964.77 million. Scheduled capacity, calculated in available seat miles (ASMs), also rose 11.9% to 1.18 billion in the month.With traffic growth exceeding capacity expansion, load factor (percentage of seats filled with passengers) inched up 50 basis points year over year to 81.8%.The number of departures for scheduled service climbed 14.6%. However, the average stage length (average distance flown per aircraft departure) dipped 2.3% to 880 miles in the same month. For the total system (including scheduled service and fixed fee contract), number of departures ascended 15.8% while the average stage length slipped 2.3%.Allegiant Travel Company Price Allegiant Travel Company price | Allegiant Travel Company QuoteAllegiant’s passenger count for scheduled service augmented 14.7% in January. The same for total system increased 14.9% as well. Additionally, total system ASMs rose 13% year over year in the month. The company's system-wide average fuel cost per gallon was $2.20 in the same period, higher than $2.18 in December.Zacks Rank & Key PicksAllegiant carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the same space are Azul S.A. AZUL, Controladora Vuela Compania de Aviacion, S.A.B. de C.V. VLRS and Delta Air Lines, Inc. DAL, each sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Shares of Azul, Controladora Vuela and Delta have rallied more than 34%, 72% and 15%, respectively, in a year.Today's Best Stocks from Zacks Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2019, while the S&P 500 gained and impressive +53.6%, five of our strategies returned +65.8%, +97.1%, +118.0%, +175.7% and even +186.7%.This outperformance has not just been a recent phenomenon. From 2000 – 2019, while the S&P averaged +6.0% per year, our top strategies averaged up to +54.7% per year.See their latest picks free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Delta Air Lines, Inc. (DAL): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (VLRS): Free Stock Analysis Report AZUL SA (AZUL): Free Stock Analysis Report To read this article on Zacks.com click here.