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Stock impact report

Delta CEO Sees Lengthy Battle Over Fate of Aeromexico Alliance [BNN Bloomberg (Canada)]

Allegiant Travel Company (ALGT) 
Last allegiant travel company earnings: 1/29 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.allegiantair.com
Company Research Source: BNN Bloomberg
The proposed breakup of the relationship has set the two carriers at odds with the US Transportation Department, saying the plan punishes the partnership for Mexican government actions beyond their control. “It will be a long, drawn-out process,” Delta Chief Executive Officer Ed Bastian said in an interview. “We have a lot of parties engaged at this stage, and a lot of customers are engaged and very upset.” The agency cited the effect on American carriers of Mexico's decision to prohibit cargo operations at Benito Juarez International Airport, the main airport serving Mexico City, due to traffic saturation levels. While the Mexican government has not offered plans to add operational capacity at Benito Juarez, President Andres Manuel Lopez Obrador has been trying to boost traffic at Felipe Angeles International Airport, a flagship project 50 kilometers (31 miles) north of Mexico City. The DOT action follows US suspension last year of a joint venture between ultra-low-cost carr Show less Read more
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