Mark Nensel is the Managing Editor of Aviation Daily. Prior to taking the helm of daily production of Aviation Week's commercial aviation newsletter in 2018, Mark was a reporter and data analyst for Air Transport World.
Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported second-quarter net income of $25.8 million, up 2.3% compared to $25.2 million in the 2012 second quarter.
The US airline industry can expect to maintain profitability through 2013, according to PwC’s June Tailwinds report. Considering favorable metrics such as a 4% increase in load factors since 2008, expectations of easing fuel prices (according to the US Energy Information Agency forecast of $94/barrel average in 2012 dropping to $92/barrel in 2014) and a rebound in consumer confidence, PwC US transportation and logistics leader Jonathan Kletzel said “there’s no question the domestic airline industry is undergoing a renaissance marked by increased revenue and stable profitability.”
