Rising load factor and ancillary revenue, in addition to capacity cuts by competitors, helped Allegiant Air parent Allegiant Travel Co. to a $2.6 million second-quarter profit that was a steep drop from the $10 million earned in the year-ago quarter but left it as "yet again one of the few companies in our space who are profitable," according to Chairman, President and CEO Maurice Gallagher Jr. "Once again, the main story for the quarter is the rapid and significant rise in fuel prices and ...

Subscribe to Access this Entire Article

"Allegiant finds profitable formula" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.