Allegiant Travel Company

Allegiant Travel Company (ALGT) Accused of Failing to Ensure Its Aircraft Were Properly Maintained  

According to the complaint, Allegiant Travel Company (ALGT) emphasized in its public statements that “the safety of our passengers and crew is always our number one priority” and represented that its planes were maintained in accordance with Federal Aviation Administration regulations.  Despite its many assurances, Allegiant was acting irresponsibly and unethically while failing to provide safe working conditions for its employees.  On April 15, 2018, CBS News aired a shocking 60 Minutes report revealing that Allegiant’s aircrafts had a high number of serious mechanical incidents from mid-2015 through October 2017.  Further, the report claimed that Allegiant lacked the infrastructure and personnel to adequately maintain its aircrafts and that the company discouraged pilots from reporting safety and maintenance issues.  After news of Allegiant’s troubles became known to the public, Allegiant’s stock plummeted over 11% to close at $146.40 per share on April 16, 2018.

Allegiant Travel Company (ALGT) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can send us a message via the Shareholder Information form below.

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