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Allegiant Air Posts 57th Straight Profitable Quarter

Allegiant Air announced this week it has posted its 57th straight profitable quarter.

The profits keep rolling in for the Las Vegas-based airline, with a net income of $41.6 million for the first three months.

Though that was down nearly 42 percent from last year’s $72 million, a good piece of that decline is tied to the higher labor costs associated with the airline’s new pilots contract.

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Allegiant has been working to eliminate its fleet of aging MD-80s, which are prone to mechanical problems that cause havoc with Allegiant’s schedule through cancelled and delayed flights. The carrier is currently buying 12 brand-new Airbus aircraft.