Allegiant Air parent Allegiant Travel Co. continued to defy the shrinking economy during the second quarter, launching 20 new routes and posting a net profit of $23.9 million that compared to earnings of just $2.6 million in the corresponding 2008 period. "During the quarter we substantially increased the size of our nationwide footprint," President and CEO Maurice Gallagher Jr. said. "This further diversifies our exposure to regional economies and offers more protection to us in these ...

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