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.

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