Las Vegas-based Allegiant Travel Co., parent of Allegiant Air, reported first-quarter net income of $72 million, up 11% from a $64.9 million profit in the year-ago period. First-quarter revenue rose 5.9% to $348.6 million, while expenses rose 2.9 % to $227.5 million, producing an operating profit of $121.1 million, up 12.1% from a $108.1 million operating profit in the 2015 first quarter. Capacity increased 18.8% in the first quarter and the low-cost carrier is serving 75 more cities than ...

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