Allegiant Air achieves rare profit in second quarter

Allegiant Air was one of the few US carriers to report a net profit in the second quarter. It reported a 47.9% year-on-year revenue increase to USD131.6 million in 2Q08, on the back of year-on-year improvements in load factors and ancillary revenues. However, as is the case across the industry, the LCC felt the negative effect of high fuel prices, with its fleet of older aircraft.

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