Sharp Fuel, Labor Cost Hikes Among Hits To Allegiant Profit

Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported $194.9 million in net income for 2017, an 11.2% decrease from $219.6 million in 2016. The full-year result reflected not only rising fuel and labor expenses, but also a $35 million write-down for Allegiant’s retiring MD-80...

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