Thanks to coronavirus-led dwindling air travel demand, Allegiant Travel Company’s ALGT reports disappointing traffic numbers for December.Traffic for scheduled service, measured in revenue passenger miles (RPMs), plunged 47.6% on a year-over-year basis to 611.4 million. Scheduled capacity, calculated in available seat miles (ASMs), also fell 20% to 1.13 billion in the month.With traffic plunge exceeding capacity contraction, load factor (percentage of seats filled with passengers) was slashed by 2840 basis points year over year to 54.2%.The number of departures for scheduled services fell 22.7%. However, the average stage length (average distance flown per aircraft departure) moved up 2.3% to 891 miles in the same month.For the total system (including scheduled service and fixed fee contract), number of departures plunged 23.3% while the average stage length inched up 1.7%. Moreover, traffic and capacity for the total system declined 39.8% and 15.6%, respectively.Meanwhile, the current scenario of low fuel cost is a positive and is expected to have driven the company’s fourth-quarter results, scheduled to be released on Feb 3. Evidently, the company expects fuel cost per gallon (system wide) to be $1.41, which suggests 35.3% decline from the figure reported in fourth-quarter 2019.Zacks Rank & Stocks to ConsiderAllegiant currently carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the broader Zacks Transportation sector are FedEx Corporation FDX, Landstar System, Inc. LSTR and Herc Holdings Inc. HRI. Landstar carries a Zacks Rank #2 (Buy), while FedEx and Herc Holdings sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Long-term expected earnings per share (three to five years) growth rate for FedEx, Landstar and Herc Holdings is pegged at 12%, 12% and 12.6%, respectively.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >> 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 FedEx Corporation (FDX): Free Stock Analysis Report Allegiant Travel Company (ALGT): Free Stock Analysis Report Landstar System, Inc. (LSTR): Free Stock Analysis Report Herc Holdings Inc. (HRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research