Allegiant looks for post-COVID 19 aircraft bargains

Allegiant Air will look for bargains among the post-COVID 19 aviation landscape as the Las Vegas-based LCC plots its futures after it posted a $33 million Q1 loss versus a $57.1 million profit for the same period last year. “Near term is painful and will continue to be painful. We will most likely shrink our fleet by as many as 25 aircraft,” said Maurice Gallagher chief executive of parent firm Allegiant Travel Company.  “These aircraft, particularly the motors, will ‘seed’ our near and long-term ability to materially reduce planned engine overhauls, beginning in 2020 and for years thereafter. “Going forward, the market will