09:15 AM EDT, 07/19/2024 (MT Newswires) -- Allegiant Travel ( ALGT ) said Thursday it is suspending its quarterly cash dividend immediately, as it prepares for capital requirements related to fleet investments.

The company did not provide further detail on the investments.

Allegiant Travel ( ALGT ) said earlier in the week that it is launching eight new nonstop routes to 13 cities in the US starting in November.