Allegiant posts net profit of $72 million in 1Q

Credit: Rob Finlayson
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $72 million, up 11% from a $64.9 million profit in the year-ago period. First-quarter revenue rose 5.9% to $348.6 million, while expenses rose 2.9 % to $227.5 million, producing an operating profit of...

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