Allegiant Air was one of three US carriers to operate with a 5% or better profit margin in the first half. Photo: Allegiant Air MD-80. By Rob Finlayson US passenger airlines' capacity will be down 0.5% year-over-year in the fourth quarter after rising just 1.1% year-over-year in the third quarter, the US Air Transport Assn. (ATA) said Wednesday. Briefing reporters in Washington, ATA chief economist John Heimlich pointed out that fourth-quarter domestic capacity for the 13 ...

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