This presentation as well as oral statements made by officers or directors of Allegiant Travel Company, its advisors and affiliates (collectively or separately, the "Company“) will contain forward-looking statements that are only predictions and involve risks and uncertainties. Forward-looking statements may include, among others, references to future performance and any comments about our strategic plans. There are many risk factors that could prevent us from achieving our goals and cause the underlying assumptions of these forward-looking statements, and our actual results, to differ materially from those expressed in, or implied by, our forward-looking statements. These risk factors and others are more fully discussed in our filings with the Securities and Exchange Commission. Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward- looking statements, whether as a result of future events, new information or otherwise. The Company cautions users of this presentation not to place undue reliance on forward-looking statements, which may be based on assumptions and anticipated events that do not materialize.
Everything after that is wishful thinking.
Seems to me that they are building a team almost exclusively of former MGM executives. One must ask why they left MGM, and whether they understand that Vegas always sells itself. The swamps of Charlotte County do not.
They seem to assume most who go to PGD are staying at a high end resort. My understanding of PGD is that a large majority of passengers are snowbirds in the winter, and that it's pretty quiet in the summer months. I assume the snowbirds already own places to stay there and don't need a luxury resort. They also aren't addressing survey bias: those who bother to fill out surveys usually fit the demographic that is being targeted by the survey, and therefore the survey is self fulfilling. So if a majority that they surveyed showed high income and interest in high end resorts, it's probably because the snowbirds (retired Boomers on a fixed income) didn't bother to fill out surveys.
The resorts they are comparing themselves to are in places like Sanibel, Marco, Longboat Key, Naples. All of these places are in close proximity to sandy beaches on the gulf. Sunseeker will be a solid 45 minutes from any public gulf beaches. I think they underestimate or even ignore the draw that the gulf has for the competing resorts. Those escaping winter want to be near the ocean.
If I were an investor, I wouldn't even consider this risky and poorly thought out venture. But hey, I'm just a pilot, what do I know.
At least they claim the airline is alive and well, and will still be a business focus on just one page of this 76 page report (page 13)...