EADSY - Allegiant Shares Nosedive After Dividend Suspension New CEO Announcement: What You Need To Know | Benzinga
Allegiant Travel Company (NASDAQ:ALGT) shares took a nosedive on Thursday after company filings revealed that the company is suspending its dividend. The airline industry has struggled in 2024 with rising costs and margin contraction.
What Happened: Allegiant revealed the dividend suspension in an 8-K filing on Thursday — the same day the company announced that Gregory C. Anderson will be the next CEO as of Sept. 1.
Anderson will succeed Maurice J. ...