KEY POINTS
  • The program "60 Minutes" alleges Allegiant's planes are more likely to have mechanical problems in-flight versus its competitors, citing industry experts and a review of FAA records.
  • "The bottom line is that, true or false, that was 30 minutes of horrible publicity for Allegiant with sound bites that will extend the story. We'd be surprised if there isn't an impact to bookings in the nearish term," Stifel analyst Joseph DeNardi writes Monday.

A "60 Minutes" report on Allegiant Travel's safety and maintenance issues is hurting the airline's stock price.

The company's shares closed down 3 percent Monday after the segment aired Sunday on the CBS program. Allegiant's stock also fell 8.6 percent Friday as news of the coming negative report circulated.