Originally Posted by
Margaritaville
Allegiant is flush with cash, made money all through 2020, and the majority owner/CEO has been bragging about great opportunities for months. Watch a much bigger airline collapse and Allegiant pick up the pieces. Kind of like how Dougweiser ended up running AA… stranger things have happened.
?????
Allegiant through Q3 2020 has lost $155.3M, and has $709m in cash/cash equivalents.
I love Allegiant’s business model but the numbers don’t lie. FWIW AA’s market cap is over $9b.