Allegiant Air parent Allegiant Travel Co. bucked the first-quarter trend with a performance that Chairman, President and CEO Maurice Gallagher Jr. called "exceptional," posting a $9.7 million profit that slipped just 0.8% from a nearly identical figure posted the prior year. He said Allegiant's focus on generating higher load factors, ancillary revenue and a more even spread of departures throughout its network were key drivers of the result. The company is not immune to the worsening ...

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