Allegiant’s net income slips in the second quarter

Allegiant’s consolidated net income slipped to $13.7 million in the second quarter of 2024, falling 84.5% over the same period last year. The company’s consolidated total operating revenues slipped a marginal 2.6% down to $666.3 million for the quarter, while its total operating expenses climbed 14.7% to $631.4 million. The travel company’s consolidated operating income fell 73.8% down to $34.9 million in the quarter. Narrowing in on its airline performance, it also saw a 5% drop in revenues, reporting $649.5 million. Operating expenses for the airline climbed 8.3% to $602.5 million. “This summer experienced increased capacity across the industry,” said