Las Vegas-based Allegiant Travel Co. reported net income of $9.5 million, down 27.9% from $13.8 million in the year-ago quarter, owing mainly to higher fuel prices. Allegiant chairman and CEO Maurice Gallagher Jr. told reporters and analysts that this year’s elevated fuel prices led the company to restrict capacity and increase fares by 21% in the third quarter. Revenue rose 17% to $191.5 million while expenses increased 21.2% to $174.8 million, producing an operating profit of ...

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