Allegiant application
01-30-2019, 03:45 PM
#471
Gets Weekends Off
Joined APC: Jun 2015
Posts: 145
Originally Posted by CAirBear
As they should be. Glad some people are calling them out on this BS. Pretty funny they had no real answers. Way to knock it out of the park guys!
Unrelated - Glad to see we hit 3 of the 4 for our normal 5% PS.
Not sure how the hell we failed on CASM, when that was the only one we were meeting most of the last 6 months 🤷🏻*♂️
Unrelated - Glad to see we hit 3 of the 4 for our normal 5% PS.
Not sure how the hell we failed on CASM, when that was the only one we were meeting most of the last 6 months 🤷🏻*♂️
Nobody knows for how much....
01-30-2019, 06:17 PM
#472
Voice of Reason
Joined APC: Jul 2014
Position: Uncomfortable
Posts: 481
Originally Posted by G4er
They settled with a pilot who had a lawsuit against Allegiant last quarter...
Nobody knows for how much....
Nobody knows for how much....
01-30-2019, 06:29 PM
#473
Voice of Reason
Joined APC: Jul 2014
Position: Uncomfortable
Posts: 481
Originally Posted by ecam
Glad to hear you are guaranteed that job at DAL or UAL. I'm too close to retirement to go anywhere Mr Ray of Sunshine. And senior enough CA to not have to worry about it. I'm just here because I'm bored and because I know management reads this.
One of the worst things in this industry is telling people to leave. My point is that we can't keep accepting less in the contract because we're home every night. You missed that point as usual. I probably won't be around when you guys get the next one but you should think about the big picture. What we do now can't last forever. Once overnights become the norm and bases spread out more we will just be another ULCC with a much crappier contract. And your dream job may never come like many of us who were at the wrong place wrong time our whole career.
One of the worst things in this industry is telling people to leave. My point is that we can't keep accepting less in the contract because we're home every night. You missed that point as usual. I probably won't be around when you guys get the next one but you should think about the big picture. What we do now can't last forever. Once overnights become the norm and bases spread out more we will just be another ULCC with a much crappier contract. And your dream job may never come like many of us who were at the wrong place wrong time our whole career.
2. NOTHING in life is guaranteed, but yeah, I have a solid shot of being picked up by a legacy should I choose to apply.
3. You are right, now that I am here, I am willing to accept the lower pay to be home every night and watch my kids grow up. HOWEVER, don't forget, when the contract was signed (prior to DAL/UAL/SWA/Frontier/JB/Spirit etc) We were higher than DAL for about 15 mins and solidly beat every other ULCC. We are behind now, as we should be, because everyone else has a new contract. We'll get our turn again and, unless something tragic happens, we'll be back up there again. Maybe not DAL+1, but not DAL-30%. Not that the first contract is an excuse, but it was our first contract. And it was a Teamsters contract. Definitely not the history and experience that ALPA has. The next one will be better, we'll fill some holes, we'll be unhappy, the company will be unhappy, and we'll go for another 4-5 years *****ing about the next contract, which will be better than this one.
4. Last point... Even if we go to trips vs turns, the worst kind of flying you can do in 121 is regional flying. My time in the regional was still infinitely better than what I was doing before. Flying is an amazing career. Choose to make the best of whatever the crappy situation is and you'll be happier for it. No one owes you anything and life is much more about how you react to the things that happen in your life than it is about the actual things that happen.
01-30-2019, 06:56 PM
#474
Gets Weekends Off
Joined APC: Sep 2014
Posts: 390
Originally Posted by akulahunter
1. Not everyone who disagrees with you can be Mr. Ray of Sunshine. Only one man can hold that title and I ain't him.
2. NOTHING in life is guaranteed, but yeah, I have a solid shot of being picked up by a legacy should I choose to apply.
3. You are right, now that I am here, I am willing to accept the lower pay to be home every night and watch my kids grow up. HOWEVER, don't forget, when the contract was signed (prior to DAL/UAL/SWA/Frontier/JB/Spirit etc) We were higher than DAL for about 15 mins and solidly beat every other ULCC. We are behind now, as we should be, because everyone else has a new contract. We'll get our turn again and, unless something tragic happens, we'll be back up there again. Maybe not DAL+1, but not DAL-30%. Not that the first contract is an excuse, but it was our first contract. And it was a Teamsters contract. Definitely not the history and experience that ALPA has. The next one will be better, we'll fill some holes, we'll be unhappy, the company will be unhappy, and we'll go for another 4-5 years *****ing about the next contract, which will be better than this one.
4. Last point... Even if we go to trips vs turns, the worst kind of flying you can do in 121 is regional flying. My time in the regional was still infinitely better than what I was doing before. Flying is an amazing career. Choose to make the best of whatever the crappy situation is and you'll be happier for it. No one owes you anything and life is much more about how you react to the things that happen in your life than it is about the actual things that happen.
2. NOTHING in life is guaranteed, but yeah, I have a solid shot of being picked up by a legacy should I choose to apply.
3. You are right, now that I am here, I am willing to accept the lower pay to be home every night and watch my kids grow up. HOWEVER, don't forget, when the contract was signed (prior to DAL/UAL/SWA/Frontier/JB/Spirit etc) We were higher than DAL for about 15 mins and solidly beat every other ULCC. We are behind now, as we should be, because everyone else has a new contract. We'll get our turn again and, unless something tragic happens, we'll be back up there again. Maybe not DAL+1, but not DAL-30%. Not that the first contract is an excuse, but it was our first contract. And it was a Teamsters contract. Definitely not the history and experience that ALPA has. The next one will be better, we'll fill some holes, we'll be unhappy, the company will be unhappy, and we'll go for another 4-5 years *****ing about the next contract, which will be better than this one.
4. Last point... Even if we go to trips vs turns, the worst kind of flying you can do in 121 is regional flying. My time in the regional was still infinitely better than what I was doing before. Flying is an amazing career. Choose to make the best of whatever the crappy situation is and you'll be happier for it. No one owes you anything and life is much more about how you react to the things that happen in your life than it is about the actual things that happen.
Well said.
01-31-2019, 04:34 AM
#475
Banned
Joined APC: May 2012
Posts: 520
Notable quotes from the investor briefing;
Notable quotes from the investor briefing 1/30/19;
John Redmond; We'll continue to grow into our excess pilots as we add 17 aircraft throughout 2019
Scott Sheldon; Really, the driving factor here is the pacing of our 319s coming into the fleet. It's really first half loaded. Our fleet plan has 17 units coming in with the first half bias of 319s.
Drew Wells; We will also reduce the number of spare aircraft, which will improve fleet productivity, adding growth to peak days of week
Greg Anderson; And so, we're going to acquire half dozen, seven spare engines brand new during ‘19.
Dan McKenzie (investor); I wonder if we could just focus a little bit more on Sunseeker. It's really an investor concern......has there been some cost creep on Sunseeker?
Greg Anderson; We're going to know a lot more here in another couple of months, but it is -- we're still hoping to be -- if you drove by the site, you see a lot of work going on. So, a lot of times people say, we haven't done anything, there's work going on now. I think what we would like to see before we start committing to a more firm timeframe is when you start going vertical. So, we're still expecting that the going vertical timeframe to be at the very back end of Q1 or early Q2, so call it the March-April timeframe. And it is still our expectation. But again, we’ll no more in another couple of months that from the time that we start going vertical, we would be opening in the neighborhood about 18 months from then. So, call it in the back half of 2020 is when we’d be looking to open up this project.
Duane Pfennigwerth (Investor); Why are you spending any capital and company focus on golf course software and Dave and Buster’s like game rooms? I understand these things might be interesting experiments, but why do they need to be funded on balance sheet by Allegiant equity holders?
John Redmond; Well, we look at the synergistic value, right? It’s where one plus one is not even three, it’s like four. So, sometimes when people think of golf course just for instance...
Duane Pfennigwerth; John, sorry, I have covered Allegiant for a long time. There is no synergy between golf course management software and Allegiant Travel. So, can you just speak to the debate at the Board level regarding the next -- sort of how you debate the next dollar of investment into a Dave and Buster’s versus an airline, versus a hotel? I mean, the ROIC of the airlines seems to be much higher than anything else you have going on. So, what does debate look like?
Maury; Duane, I’m going to tell you what the debate looks like. The person that sits on an airplane, what else they do besides sit on an airplane? Do they go to a Dave and Buster’s? Yes. Do they play golf? Absolutely. So, you gather information. This is an information centric era. Duane. We live in information. We want more customers, we want bigger wallet share. And so, yes, you can make an argument that maybe the maximum ROI for the next 24 months is putting it into an airplane but what about four years from now, five years from now? So, this stuff is all part of our trying to articulate this grand scheme of going more customer centric rather than tube centric. Filling up a tube is important and we will do and focus on that tremendously. But, we want to have more relationships with more customers on an individual basis and understand where they spend their money over and above just getting in the tube.
So, that’s the marginal spend. And just like every other investment, the early days are never going to have a better ROI than a mature business will. But we are making those investments and we’ve tried again to articulate that as best as we can. So, that’s what the Board is understanding, the Board is fully onboard with all of this.
John Redmond; So, Duane, let me give you the deeper data point just to help understand what Maury said, because a lot of times people haven’t thought about it or don’t care about it. But, the golf courses for instance right now are generating emails, brand new emails, people we don’t know at the rate of one-third of what the airline generates on a daily basis. So, it's actually significant number of emails that we're capturing from golf courses about people that currently aren’t in Allegiant’s database. So, when you add another 800 courses as we expect throughout the year, obviously, we will be generating emails from those courses at the rate of half from the rate that the airline produces. So, that's an incredible data point that goes well beyond what you thought of given your comments.
Duane Pfennigwerth; I appreciate those thoughts, Maury and John. I would just say, ex these other adventures, you're guiding to $15 in earnings for the airline. Congratulations on getting the fleet upgrade done more quickly than you initially anticipated. But, your multiple, I just wonder, to what extent you and the Board reflect upon the multiple and how your multiple has changed as you deploy capital to lower return businesses? And I appreciate you taking the comments.
Dan McKenzie (Investor); If I can go back to non-fuel cost, 1.5% to 3.5%, can you just remind us where the -- kind of lay out maybe the top three line items where the greatest inefficiency was in 2018? So, I think obviously there is a fleet transition. Is it that you just simply don't need to hire -- you've already hired all the pilots and flight attendants that you need for this year? If you could just kind of help us understand kind of where those the good guys are for ‘19?
Scott Sheldon; Yes, 2018, it was just you're carrying a lot of crews, particularly as you're really -- you're flying 37 MD-80s, you’re fully staffed for that. And as it draws it down and then you put people into a 70-day cycle to transition to an Airbus, you’re definitely carrying excess.
Savi Syth (investor); Okay. And then, from a profitability mix standpoint, like how big can these businesses be relative to the airline side?
John Redmond; It's all a guessing game at this stage as to how big they actually can get.
Operator; And this concludes today's question-and-answer session. I would not like to turn the call back to Maury Gallagher for closing remarks.
Maury; Thank you very much.
John Redmond; We'll continue to grow into our excess pilots as we add 17 aircraft throughout 2019
Scott Sheldon; Really, the driving factor here is the pacing of our 319s coming into the fleet. It's really first half loaded. Our fleet plan has 17 units coming in with the first half bias of 319s.
Drew Wells; We will also reduce the number of spare aircraft, which will improve fleet productivity, adding growth to peak days of week
Greg Anderson; And so, we're going to acquire half dozen, seven spare engines brand new during ‘19.
Dan McKenzie (investor); I wonder if we could just focus a little bit more on Sunseeker. It's really an investor concern......has there been some cost creep on Sunseeker?
Greg Anderson; We're going to know a lot more here in another couple of months, but it is -- we're still hoping to be -- if you drove by the site, you see a lot of work going on. So, a lot of times people say, we haven't done anything, there's work going on now. I think what we would like to see before we start committing to a more firm timeframe is when you start going vertical. So, we're still expecting that the going vertical timeframe to be at the very back end of Q1 or early Q2, so call it the March-April timeframe. And it is still our expectation. But again, we’ll no more in another couple of months that from the time that we start going vertical, we would be opening in the neighborhood about 18 months from then. So, call it in the back half of 2020 is when we’d be looking to open up this project.
Duane Pfennigwerth (Investor); Why are you spending any capital and company focus on golf course software and Dave and Buster’s like game rooms? I understand these things might be interesting experiments, but why do they need to be funded on balance sheet by Allegiant equity holders?
John Redmond; Well, we look at the synergistic value, right? It’s where one plus one is not even three, it’s like four. So, sometimes when people think of golf course just for instance...
Duane Pfennigwerth; John, sorry, I have covered Allegiant for a long time. There is no synergy between golf course management software and Allegiant Travel. So, can you just speak to the debate at the Board level regarding the next -- sort of how you debate the next dollar of investment into a Dave and Buster’s versus an airline, versus a hotel? I mean, the ROIC of the airlines seems to be much higher than anything else you have going on. So, what does debate look like?
Maury; Duane, I’m going to tell you what the debate looks like. The person that sits on an airplane, what else they do besides sit on an airplane? Do they go to a Dave and Buster’s? Yes. Do they play golf? Absolutely. So, you gather information. This is an information centric era. Duane. We live in information. We want more customers, we want bigger wallet share. And so, yes, you can make an argument that maybe the maximum ROI for the next 24 months is putting it into an airplane but what about four years from now, five years from now? So, this stuff is all part of our trying to articulate this grand scheme of going more customer centric rather than tube centric. Filling up a tube is important and we will do and focus on that tremendously. But, we want to have more relationships with more customers on an individual basis and understand where they spend their money over and above just getting in the tube.
So, that’s the marginal spend. And just like every other investment, the early days are never going to have a better ROI than a mature business will. But we are making those investments and we’ve tried again to articulate that as best as we can. So, that’s what the Board is understanding, the Board is fully onboard with all of this.
John Redmond; So, Duane, let me give you the deeper data point just to help understand what Maury said, because a lot of times people haven’t thought about it or don’t care about it. But, the golf courses for instance right now are generating emails, brand new emails, people we don’t know at the rate of one-third of what the airline generates on a daily basis. So, it's actually significant number of emails that we're capturing from golf courses about people that currently aren’t in Allegiant’s database. So, when you add another 800 courses as we expect throughout the year, obviously, we will be generating emails from those courses at the rate of half from the rate that the airline produces. So, that's an incredible data point that goes well beyond what you thought of given your comments.
Duane Pfennigwerth; I appreciate those thoughts, Maury and John. I would just say, ex these other adventures, you're guiding to $15 in earnings for the airline. Congratulations on getting the fleet upgrade done more quickly than you initially anticipated. But, your multiple, I just wonder, to what extent you and the Board reflect upon the multiple and how your multiple has changed as you deploy capital to lower return businesses? And I appreciate you taking the comments.
Dan McKenzie (Investor); If I can go back to non-fuel cost, 1.5% to 3.5%, can you just remind us where the -- kind of lay out maybe the top three line items where the greatest inefficiency was in 2018? So, I think obviously there is a fleet transition. Is it that you just simply don't need to hire -- you've already hired all the pilots and flight attendants that you need for this year? If you could just kind of help us understand kind of where those the good guys are for ‘19?
Scott Sheldon; Yes, 2018, it was just you're carrying a lot of crews, particularly as you're really -- you're flying 37 MD-80s, you’re fully staffed for that. And as it draws it down and then you put people into a 70-day cycle to transition to an Airbus, you’re definitely carrying excess.
Savi Syth (investor); Okay. And then, from a profitability mix standpoint, like how big can these businesses be relative to the airline side?
John Redmond; It's all a guessing game at this stage as to how big they actually can get.
Operator; And this concludes today's question-and-answer session. I would not like to turn the call back to Maury Gallagher for closing remarks.
Maury; Thank you very much.
01-31-2019, 08:25 AM
#476
Gets Weekends Off
Joined APC: Apr 2013
Posts: 1,182
If any of us ever meet Duane, please pick up his bar tab. That was absolutely beautiful.
I could just hear MG's annoyed tone of voice reading that.
As for this place not having (basically) any spares... completely stupid.
I took us home from a cruise on Sunday. Nothing like sitting in the terminal for 8 hours on MX, then finally board only to then air return (total shock) then 2 hours later finally get going on a 3 hour flight home.
I get it if things break down at an out-station, but for us to not have any spares, in one of your large bases, is completely retarded.
What I experienced is going to happen almost every single day here somewhere in our system. It is NOT okay.
I could just hear MG's annoyed tone of voice reading that.
As for this place not having (basically) any spares... completely stupid.
I took us home from a cruise on Sunday. Nothing like sitting in the terminal for 8 hours on MX, then finally board only to then air return (total shock) then 2 hours later finally get going on a 3 hour flight home.
I get it if things break down at an out-station, but for us to not have any spares, in one of your large bases, is completely retarded.
What I experienced is going to happen almost every single day here somewhere in our system. It is NOT okay.
01-31-2019, 08:59 AM
#477
Banned
Thread Starter
Joined APC: Apr 2014
Position: Da Bus
Posts: 481
Originally Posted by CAirBear
If any of us ever meet Duane, please pick up his bar tab. That was absolutely beautiful.
I could just hear MG's annoyed tone of voice reading that.
As for this place not having (basically) any spares... completely stupid.
I took us home from a cruise on Sunday. Nothing like sitting in the terminal for 8 hours on MX, then finally board only to then air return (total shock) then 2 hours later finally get going on a 3 hour flight home.
I get it if things break down at an out-station, but for us to not have any spares, in one of your large bases, is completely retarded.
What I experienced is going to happen almost every single day here somewhere in our system. It is NOT okay.
I could just hear MG's annoyed tone of voice reading that.
As for this place not having (basically) any spares... completely stupid.
I took us home from a cruise on Sunday. Nothing like sitting in the terminal for 8 hours on MX, then finally board only to then air return (total shock) then 2 hours later finally get going on a 3 hour flight home.
I get it if things break down at an out-station, but for us to not have any spares, in one of your large bases, is completely retarded.
What I experienced is going to happen almost every single day here somewhere in our system. It is NOT okay.
02-02-2019, 04:51 PM
#479
Line Holder
Joined APC: Sep 2008
Position: Changes every Fall
Posts: 98
Glad you all enjoyed Duane's question, I'd like it better if the Union assured us they didn't spend any money to get their questions asked on the conference call. Especially considering the assessment dues have started flowing in.
02-03-2019, 04:09 AM
#480
Banned
Joined APC: May 2017
Posts: 733
Originally Posted by Coehill
Glad you all enjoyed Duane's question, I'd like it better if the Union assured us they didn't spend any money to get their questions asked on the conference call. Especially considering the assessment dues have started flowing in.
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