U.S. Markets closed

Allegiant Defies '60 Minutes' Air Pocket; Small-Caps Beat Again

There is nothing worse for an airline than to be accused of a poor safety standards, and 60 Minutes said Allegiant had experienced 100 serious mechanical incidents in two years. Allegiant called the 60 Minutes program “unoriginal,” “outdated,” “one-sided,” “disappointing,” “offensive,” “defamatory,” and “a false narrative.” Regardless of the ultimate verdict, it’s hard to imagine anyone watching the program is more likely than before to book a flight on the airline than they were before.