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MarketBeat
MarketBeat
Jeffrey Neal Johnson

Clearance to Climb: Why Allegiant Has Room to Fly

A summer pullback in commercial aviation left many airline stocks grounded, prompting investors to seek resilient carriers trading at discounts.

As broad industry sentiment cooled amid volatile jet fuel prices, Allegiant Travel Company (NASDAQ: ALGT) shares retreated roughly 28% from their summer highs to trade near $78. That pullback created a distinct valuation disconnect.

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