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Allegiant Air shares jump on stronger profit announcement
Allegiant Air shares surged more than 50% after the airline reported a sizeable quarterly profit increase and stronger operational performance.
Allegiant Air’s stock rallied sharply after the company reported a substantial profit increase for the latest quarter, driving investor interest in the airline’s turnaround. The carrier posted higher net income and improved operational metrics compared with the year-ago period. Shares climbed more than 50% on the news, reflecting renewed market confidence as travel demand strengthened and cost controls contributed to earnings growth.