Allegiant Travel Company, parent of the airline, reported earnings of $17.2 million for the first quarter, down 24.1% compared to income of $22.6 million in the year-ago period in large part owing to a 38% rise in fuel costs. "We are very proud to report our 33rd consecutive profitable quarter," Chairman and CEO Maurice Gallagher said, adding, "We are especially pleased about these results in light of the rapid increase in fuel prices we experienced during the quarter, in ...

Subscribe to Access this Entire Article

"Allegiant quarterly profit drops on higher fuel costs" 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?

Already registered? here.