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Amid rumblings of strike, Allegiant posts record first-quarter profits

Allegiant Travel Co. had record first-quarter earnings, but it’s the prospect of a pilot strike that held most financial analysts’ attention in Wednesday’s company conference call. Las Vegas-based Allegiant, parent company of Allegiant Air, reported an 89.8 percent earnings increase of $64.9 million on revenue of $329.2 million compared with first-quarter 2014 earnings of $34.2 million on revenue of $302.5 million. Earnings per share more than doubled from $1.86 to $3.74.

Delta seeks entertainment business with invite-only ‘party plane’

Everyone on Delta Air Lines’ 11:30 a.m. flight Friday from Los Angeles to the South by Southwest festival will get expedited security processing, complimentary cocktails and a chance to win first-class tickets to London and New York. This invitation-only junket to Austin, Texas, is part of Delta’s bid to grab more of the entertainment industry’s travel business, which the carrier estimates is worth $1 billion a year.