Imperial Capital analyst Michael Derchin raised his price target for Allegiant Travel Company to $152 but maintains an In-Line rating on the shares. Allegiant is less likely to benefit from recent positive industry trends, given that 80% of its network is "not competitive with the rest of the industry," Derchin tells investors in a research note. The analyst, however, expects the company to benefit from lower than expected fuel prices considering it is unhedged, and could benefit on the margin from improving industry trends.

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."