Las Vegas-based Allegiant Travel Co., parent of LCC Allegiant Air, reported a net profit of $162 million for 2018, down 18.3% from $198 million in 2017—a reflection of higher fuel prices and completion of a fleet transition. Operating revenue for the year rose 10.3% to $1.7 billion and full-year expenses were up 11.2% to $1.4 billion. Expenses were pushed up by a 29.8% year-over-year (YOY) increase in the cost of fuel. The company also completed the transition to an all-Airbus fleet ...

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