Las Vegas-based Allegiant Travel Co., parent of ultra-low-cost carrier Allegiant Air, reported a $219.5 million net profit for 2016, down 0.4% from $220.4 million in 2015. Allegiant posted a fourth-quarter 2016 net profit of $41.3 million, down 27.2% from $56.7 million in net income for 4Q 2015. Fourth-quarter revenue totaled $335.9 million, up 8% from 4Q 2015. Allegiant chairman and CEO Maurice Gallagher described 2016 as a transformational year. “We finalized a single fleet ...
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