Allegiant Air bucks the trend

April 19: Allegiant Travel Company, parent company of Allegiant Air reported an increase in operating margin and nearly tripling its first-quarter profit compared to 2008.

“The first quarter was superb, with an all-time high operating margin,” stated Maurice Gallagher, Jr., CEO and President of Allegiant Travel Company. “Looking forward, we expect second quarter costs to be substantially lower than the prior year, both because of significantly lower fuel costs and increased utilisation.”

The airline currently operates 41 MD-80s, serving locations in the southeast United States as well as operating charters for the US Department of Defense.

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