LAS VEGAS (AP) ¿ Allegiant Travel Co., which operates an airline marketed to leisure travelers in small cities, said Monday its Allegiant Air unit is ending charter service to Cuba. It currently flies for five separate charter programs, and it has given 120-day notice to cancel each of those contracts. Allegiant said while flying to Cuba has been profitable, "these programs are exposing the airline and its people to operational complexity inconsistent with our operating philosophy." Allegiant Air expects to return the single aircraft it currently operates to Cuba to other service later this year. Shares fell 26 cents to $40.71 in midday trading.
More from Technology
Pitney Bowes Shares Close Higher After Company Discloses Malware Attack
E-commerce and shipping solutions provider Pitney Bowes acknowledged a cyberattack but said critical data wasn't compromised.
HP Enterprise Shares Higher After Evercore Analyst's Upgrade to In Line
HP Enterprise shares gained 3% after Evercore ISI analyst Amit Daryanani also lifted his price target.
Cybersecurity Firm Sophos Gets $3.82 Billion Bid by Thoma Bravo
The deal price, equal to $7.40 a share, is more than a third above the Sophos' recent closing prices in both U.S. and U.K. trading.
Apple Shares Fresh Off All-Time Highs -- What to Do With the Stock Now?
Apple shares are in a tricky place now, but here's why investors may not have to give up on them.
Apple's Reported Plans for a $399 iPhone Could Boost Installed-Base Growth
Apple is reportedly prepping a 4.7-inch iPhone that will have a $399 starting price. Such a move could help it land more first-time iPhone users to whom it can cross-sell services and wearables.