Allegiant Air posts 41% second-quarter net income rise

Allegiant Air has posted a second-quarter net income of $70.5 million, an increase of 41% from the $50 million experienced in the same period last year – which the airline attributes to its decision to switch to an all-Airbus fleet. Revenue for the period stood at $492 million, up 12.6% from the corresponding quarter last year. While the group’s operating income was reportedly up 45.7% to $102 million. Departures in the second quarter were up 13.8% year-over-year despite seven fewer average aircraft in service. Average number of aircraft in service decreased 7.6% from 92 to 85 year The airline flew 4.13