Las Vegas-based Allegiant Travel Co., parent of low-cost carrier (LCC) Allegiant Air, posted  a $48.5 million net profit for the 2017 second quarter, down 20.3% from the company’s $60.8 million net profit in 2Q 2016. Allegiant’s second-quarter revenue increased 16.2% to $400.6 million, as operating expenses increased 31.2% year-over-year (YOY) to $315 million. Operating profit was $85.2 million for the quarter, down 18.5% YOY. The airline’s aircraft fuel expenses ...

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