Allegiant reports declining net profit at USD17.6 million on fuel rise

Allegiant's net profit of USD17.6 million dropped 26.4% during the second quarter even as revenues rose 13.8% to USD168.4 million. Its operating margin – 25.5% in the year-ago quarter tumbled 8.8 points to 16.7% as fuel prices rose. The LCC has announced it is pulling back in order to get back to its 20% operating margin goal.

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