Allegiant Travel posts first quarter results

Allegiant Travel Company has reported total revenue for the first quarter of 2021 of $279.1 million, up 13.2 percent from the fourth quarter. The airline also reported net income of $6.9 million compared to a net loss of $33million a year ago. The revenue figure includes fixed fee revenue of $7.7 million, the strongest quarter since the onset of the pandemic. Allegiant has restored capacity to pre-pandemic levels with scheduled service capacity up 3.1 percent versus first quarter of 2019. “The momentum reported last quarter picked up in earnest towards the back half of the first quarter with booking trends showing