Allegiant narrows Q3 loss as capacity cuts lift fares, revenue reaches $961.6 million
Allegiant reported third-quarter revenue of $961.6 million, up 71.1% year over year and $16 million above expectations, while non-GAAP earnings per share were a loss of 3 cents. The low-cost carrier reduced flying nearly 6%, helping raise unit revenue as higher fares offset surging fuel costs.