Avelo’s First Profitable Quarter is a Milestone
Cranky Flier
MARCH 11, 2024
It has actually happened. Avelo made money. Well, at least, it made a pre-tax profit in the fourth quarter of 2023. We don’t have the DOT data yet for Q4, but Avelo pushed out a news release to announce the big milestone for the airline. With the breadcrumbs the airline provided, we can calculate a full picture of how the airline did it. Here’s what we know.
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