Allegiant’s shares pull back after strong run


Shares in US LCC Allegiant dipped 3.6% yesterday, as investors took a breather after several weeks of solid gains.

  • Allegiant's shares dipped 3.6% after a period of solid gains.
  • The dip in shares followed Allegiant's strong financial results reported on 27-Oct-2010.
  • WestJet's shares fell 1.3%, while AirTran and Southwest eased 0.7% and 0.5% respectively.
  • JetBlue, on the other hand, gained 0.3% in share price.
  • The data shows the daily share price movements of selected LCCs on 13-Dec-2010.
  • The information is sourced from the Centre for Asia Pacific Aviation, Yahoo! Finance, and Reuters.

The carrier's stock has rallied since it reported solid financial results on 27-Oct-2010.

Allegiant's share price over the past month (USD)

Elsewhere, WestJet fell 1.3%, AirTran and Southwest eased 0.7% and 0.5%, respectively, and JetBlue gained 0.3%.

Selected LCCs daily share price movements (% change): 13-Dec-2010

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