Allegiant Air reports strong second quarter

Allegiant Air reported a profit of $88.5 million for second quarter (Q2) of 2023 citing robust leisure demand and network expansions. The Group reported a revenue of $683.8 million while its operating profits increased by 411.1% to $133.4 million from last year’s second quarter profits of $26.1 million. Going ahead, the airline is optimistic for further improvements as network expansions are steadily underway through the remainder of this year to ensure its capacities offered meets the demand. Despite the high fuel prices, the airline’s expenditures including fuel and operating expenses were down to 550.4 million, an 8.8% improvement from last