Allegiant Travel Company (ALGT) is being hurt by rising operating expenses. The northward movement in labor expenses is also hurting ALGT’s bottom line by pushing up operating costs. In first-quarter 2024, total operating expenses rose 15.5% year over year. ALGT’s weak liquidity position is also concerning. At the end of first-quarter 2024, the company’s total unrestricted cash and investments were $853.7 million, much lower than the long-term debt and finance lease obligations (net of current maturities an ...