Allegiant airline lowers net loss in the third quarter

Allegiant Travel Company has airline operating revenue of $565.4 million for the third quarter – an increase of 0.9% over the prior year. Airline only operating income fell by 14.1% to $5.8 million with a net loss of $5.6 million – a gain over last year’s $15.2million loss. Excluding charges relation to fleet depreciation, Allegiant airline’s operating margin for the quarter was 13.0% – up from 2.7% a year ago.  Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company, said: “The third quarter marked another quarter of airline operating profits, excluding special charges. Year to date we have