Allegiant 2018 net profit down 18.3% on fuel costs, fleet transition

Credit: Rob Finlayson
Las Vegas-based Allegiant Travel Co ., parent of LCC Allegiant Air, reported a net profit of $162 million for 2018, down 18.3% from $198 million in 2017—a reflection of higher fuel prices and completion of a fleet transition. Operating revenue for the year rose 10.3% to $1.7 billion and full-year...

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