Las Vegas-based Allegiant Travel Co., parent of ultra-LCC Allegiant Air, reported 2018 first-quarter net income of $55.2 million, up 31% from $42.2 million in the 2017 first quarter. Operating revenue was $425.4 million, up 12% from the year-ago quarter. Allegiant’s ambitious plan to fast-track the retirement of its MD-80 fleet remains on track, and the associated efficiency gains along with expanded use of revenue management tools has executives bullish on the ...

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