News > Travel

Allegiant Air CEO's Net Worth Is $52 Million Lower After 60 Minutes Segment Questions Safety

11 monthes ago   |   By

After a 60 Minutes investigation dubbed Allegiant Air potentially the “most dangerous” airline in the U.S. , shares of the small, budget plane operator fell 3% Monday, adding to its 8.5% fall from when news of the takedown first came to light Friday - and the CEO's net worth has also dropped by $52 million.
In total, Allegiant has shed $293 million in market value, or about $2.4 billion, as a result of the 60 Minutes segment, which aired Sunday. The nighttime news program raised serious concerns about the company's track record, reporting that the airline suffered a high number of...
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Allegiant Air under fire after '60 Minutes' safety report

11 monthes ago   |   By

LAS VEGAS - Allegiant Air shares continue to fall in the aftermath of a news report that is raising serious safety questions about the low-cost carrier.
Allegiant is defending its safety and says the report by CBS News' “60 Minutes” tells a “false narrative” about the airline. Investors, however, fear that the negative publicity will cause travellers to avoid Allegiant, which has a fleet including many older planes that typically require more maintenance.
“60 Minutes” reported Sunday night that between January 2016 and October 2017, the Las Vegas-based airline experienced more than 100...
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Allegiant Air feels impact of damaging 60 Minutes report

11 monthes ago   |   By

PORTSMOUTH - Shares of Allegiant Travel Company slid in early trading Monday morning after a x201c60 Minutesx201d report Sunday night about mid-air breakdowns and other safety problems.
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Allegiant Airlines' Stock Is in a Nosedive After a Scathing '60 Minutes' Report About its Safety Practices

11 monthes ago   |   By

The parent of Allegiant Airlines dropped following a “60 Minutes” segment detailing a high number of what the program called “midair breakdowns” at the budget carrier.
“Public documents show an alarming number of aborted takeoffs, cabin-pressure loss, emergency descents and unscheduled landings,” according to a report the CBS program aired Sunday evening.
The segment included interviews with shaken passengers and prominently featured a former member of the National Transportation Safety Board, John Goglia, who said he discourages family and friends from flying the carrier. Almost 30...
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Allegiant Air under fire after ‘60 Minutes' safety report

11 monthes ago   |   By

The low-cost carrier Allegiant Air is under fire following a “60 Minutes” investigation that raised significant safety concerns. Investigators with the news program found that between Jan. 1, 2016 and October 2017, the Las Vegas airline experienced more than 100 serious mechanical incidents, including...
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Allegiant Air under fire after critical ‘60 Minutes' safety report

Allegiant Air under fire after critical ‘60 Minutes' safety report

11 monthes ago   |   By

"I have encouraged my family, my friends and myself not to fly on Allegiant," one expert said.
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Las Vegas-based Allegiant calls report on airline's safety ‘false'

11 monthes ago   |   By

The low-cost carrier Allegiant Air is under fire following a “60 Minutes” investigation that is raising significant safety concerns.
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