Allegiant posts revenue rise of 10.7 percent

Allegiant Travel Co. posted a revenue increase of 10.7 percent in 2009, earning $557.9 million for the year ended Dec. 31, the company announced late Monday.

The company realized an annual profit of $76 million for the year, or $3.76 per share, despite an air fair decline to $70 from $85.

The parent company of Allegiant Air posted a 10 percent revenue increase to $122.4 million in the fourth quarter ended Dec. 31.

Shares of the company closed at $50.86, down .13 cents, on the Nasdaq National Market.

Contact reporter Arnold M. Knightly at or 702-477-3893.