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Why Shares of Allegiant Travel Were Up 73% in 2019

TheMotleyFool

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Why Shares of Allegiant Travel Were Up 73% in 2019

2019 was a good year for most airline stocks, but no company performed better than Allegiant Travel (NASDAQ: ALGT). Shares of the discount airline and travel company gained 73.7% for the year, according to data provided by S&P Global Market Intelligence, thanks to accelerating profits and progress made on some of the company's more ambitious initiatives.