Stifel analyst Joseph DeNardi said he found little in the way of incrementally negative data on Allegiant Travel's operational challenges in last night's 60 Minutes report, but he'd be surprised if there isn't an impact to bookings in the "nearish term" given that it was still "30 minutes of horrible publicity for Allegiant." Fortunately, this aired during a seasonally soft period and within eight months Allegiant will be an "all A320 airline," said DeNardi, who expects further share price weakness today of 5%-10%, but thinks its Q1 report can be a positive catalyst. He maintains a Buy rating on Allegiant shares.

Travel + Leisure Co. (TNL) and Allegiant (ALGT) "announced a multi-year marketing agreement, allowing both companies to grow their customer engagement through cross-company promotion. The two travel companies will share promotional offerings to each other's customers, providing offers to a broad spectrum of travelers. Allegiant, with more than 15 million Allways Rewards members, and Travel + Leisure Co., with more than 800,000 vacation ownership members and 3.5 million vacation exchange members, will each benefit from a highly engaged base of travelers."