Allegiant results lower in weakest quarter, unencumbering aircraft but still expanding
Despite the fact the third quarter was its 31st consecutive profitable quarter, the increased capacity poured on during its seasonally weakest quarter, drove down Allegiant’s operating margin from the 16.5% experienced last quarter to 12%. However, its total revenues were up 23% to USD163.6 million resulting in a USD19.5 million operating profit. Its net profit dropped 4.5% to USD13.2 million.
