Sharp rise in fuel, labor costs hamper Allegiant Air 2017 profits
Credit: Rob Finlayson
Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported $194.9 million net income for 2017, an 11.2% drop from its $219.6 million net profit in 2016. The full-year result reflected not only rising fuel and labor expenses , but also a $35 million write-down of Allegiant’s retiring...
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