Allegiant Travel reports preliminary February traffic Reports total system passengers up 3.7% vs. February 2012. Reports revenue passenger miles up 11.4%, and available seat miles up 11.5%, against February 2012. Reports load factor unchanged against February 2012.
Allegiant Travel downgraded to Market Perform at Raymond James As previously reported, Raymond James downgraded Allegiant Travel to Market Perform from Outperform due to low upside potential. The firm does not recommend selling the stock, as domestic demand remains healthy and further upside to estimates exists if fuel prices remain lower for longer than forecast.