Allegiant Travel sees FY13 CAPEX $170M-$180M Allegiant is now expecting 2013 total CAPEX to be $170M-$180M. The company has signed operating leases for nine A319 aircraft with GECAS and purchase agreements for nine A320 aircraft formerly operated by Iberia. Allegiant will remain active in the market for the purchase or lease of additional Airbus aircraft.
Allegiant Travel upgraded to Equal Weight from Underweight at Barclays Barclays upgraded Allegiant Travel to Equal Weight citing easing labor risks. The firm raised its price target for shares to $200 from $167.