Allegiant nets $21.7 million in Q1
Average fares for Allegiant, which flies out of the Fort Collins-Loveland Airport, increased 6 percent to $132.70 year-over-year in the first quarter. Aircraft fuel expenses increased 29.3 percent on a 41 cent increase per gallon.
Total operating income increased 30.5 percent to $36.3 million in the first quarter from $27.8 million in the same period of 2011.
Las Vegas-based Allegiant Travel Co. is the parent company of Allegiant Air, the only commercial airline that flies out of Fort Collins-Loveland.
More breaking news...
Fort Collins: Eleventh Floor of First National Tower Sells
Fort Collins-based Brinkman Partners, Woodbury Corporation and the City of Loveland will host
Moody's: OtterBox LifeProof acquisition valued at $325 million
The new owner, Dean Dunn, plans