Key Points
- Maurice Gallagher returns as CEO of Allegiant Air following the sudden resignation of John Redmond.
- Allegiant Air reported a strong financial performance in the second quarter with a $122 million operating profit.
- The airline forecasts a solid profit for the second half of the year, contrasting with losses expected by competitors Spirit and Frontier.
Summary
Following the sudden resignation of John Redmond, Maurice Gallagher has returned as CEO of Allegiant Air. Gallagher, who led the airline from 2003 to 2022, takes over as the company reports strong financial performance with a $122 million operating profit in the second quarter. Allegiant forecasts continued profitability for the second half of the year, setting itself apart from competitors Spirit and Frontier, who anticipate losses.