Sharp rise in fuel, labor costs hamper Allegiant Air 2017 profits

Credit: Rob Finlayson
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported $194.9 million net income for 2017, an 11.2% drop from its $219.6 million net profit in 2016. The full-year result reflected not only rising fuel and labor expenses, but also a $35 million write-down of Allegiant’s retiring...
Mark Nensel

Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter…

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