02-May-2011 4:11 PM
Allegiant profits drop despite rising revenue
Analysis
Allegiant - still posting the best margins in the US industry at 14.4%, down seven points from 1Q-2010 - reported declining profits on rising revenue which seemed to be the story for the first quarter earnings season. Profits dropped 24.1% to USD17.2 in its 33rd consecutive profitable quarter as revenues rose 13.9% to USD193.2 million.
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