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Allegiant Air 2012 net income jumps 59.1%

Allegiant Air parent Allegiant Travel Co. posted a fourth-quarter 2012 net profit of $14.8 million, up 36.6% over year-over-year,

Allegiant Air A320. Courtesy, Allegiant Air Allegiant Air parent Allegiant Travel Co. posted a fourth-quarter 2012 net profit of $14.8 million, up 36.6% over year-over-year. This marks its 40th consecutive profitable quarter. Net income for the full year leapt 59.1% to $78.6 million from $49.4 million earned in the full year 2011. “In 2012, we recorded the highest system fuel cost per gallon we have ever paid for a full year,” Allegiant chairman and CEO Maurice Gallagher ...

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