Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, reported first-quarter 2017 net income of $41.6 million, down 42.2% from a $72 million profit in 1Q 2016. First-quarter revenue rose 7.8% to $375.8 million, while expenses rose 33.2 % to $302.9 million, producing an operating profit of $72.9 million, down 39.8% from a $121.1 million operating profit in the 2016 first quarter. CASM increased 18.3% to 8.97 cents. CASM ex-fuel increased 11.6% to 6.46 ...

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