Allegiant Air parent Allegiant Travel Co. reported a 19.9% rise in full-year net income to $8.7 million as the rapidly expanding company continued to build its leisure travel business. Allegiant increased its MD-80 fleet to 24 from 17 during 2006 and added 19 destinations including a new base at St. Petersburg-Clearwater and 29 new routes. Revenue soared 83.7% to $243.3 million against a 78.1% climb in expenses to $220.8 million, nearly tripling operating profit to $22.6 million from the ...

Subscribe to Access this Entire Article

"Expanding Allegiant reports 19.9% profit increase" 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.