Allegiant slowing growth further in 1H2011; shares in cargo carriers stronger

Shares in US LCC, Allegiant Air dropped 7.9%, the largest single day decline at the carrier for nine months. The carrier recently reported a USD20.9 million net profit for the three months ended 31-Dec-2010. However, announced plans to slow capacity growth further over 1H0211 and increase its fares to pass higher fuel costs onto passengers.