Allegiant reports another profitable quarter

LOVELAND – Allegiant Travel Co. posted yet another profitable quarter ending June 30, increasing net income by 110 percent.

Allegiant Airlines’ parent company saw its income go from $11.9 million in the second quarter of 2011 to $25.2 million in this year’s second quarter.

Total operating revenue increased 15.3 percent to $231.1 million from $200.4 million in the like quarter of 2011.

Average fares for scheduled services decreased year-over-year in the second quarter, from $91.17 in 2011 to $89.43. On the flip side, the company saw a 15.1 percent increase in passengers year-over-year in the second quarter, from 1.5 million to 1.7…