Allegiant Air income jumps 7%

Allegiant Travel Co., parent of Allegiant Air, posted a 7% increase in first-quarter net income to $34 million. Total operating revenue rose by 10.8% to $302.5 million, with expenses up by 11.2% to $245.3 million. Operating income rose by 9.4% to $57.3 million. Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company, said: “We are pleased to produce another profitable quarter despite significant operational challenges and unusually high one-time costs that impacted our overall financial performance.  This was a very difficult operational quarter as we navigated through significant flight crew availability issues stemming from external factors that occurred