Allegiant Travel (NASDAQ:ALGT) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Wednesday.
According to Zacks, “Shares of Allegiant Travel Company have declined 17.8% in the last three months. This downturn can be attributed to headwinds like capacity-related woes, safety-related issues and escalating fuel costs. In May, fuel costs were approximately $2.44 per gallon, higher than the April reading of $2.28 per gallon. With oil prices on an uptrend, it will not be surprising if Allegiant Travel....More>>>