Allegiant Air posts $41.6 million net profit in 1Q

Credit: Rob Finlayson
Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air , reported first-quarter 2017 net income of $41.6 million, down 42.2% from a $72 million profit in 1Q 2016 . First-quarter revenue rose 7.8% to $375.8 million, while expenses rose 33.2 % to $302.9 million, producing...

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