Allegiant Travel Plunges 8.29% Despite Passenger Traffic Surge

Allegiant Travel's stock price fell to its lowest level since September 2024 today, with an intraday decline of 8.29%.

Allegiant Travel reported a significant increase in passenger traffic for March 2025, with numbers rising by 14.4% and total system capacity increasing by 20.2%. This growth indicates a strong performance in terms of volume which could positively impact the stock price.

Despite strong passenger growth, Allegiant is facing challenges with declining load factors as capacity expansion is outpacing demand. This could negatively impact operational efficiency and potentially affect the stock price.

Peak6 LLC and LPL Financial LLC have increased their positions in Allegiant Travel shares, which could be perceived as a positive signal by investors and potentially influence the stock price upward.