9easy

So basically they announced a defacto cut in the bonus, and no $1000 tax bonus even though it's a completely domestic company. Meanwhile they announced a $100m stock repurchase during the last earnings call. The ESOP doesn't cost the company anything, they can just issue new stock which is free and then collect the money.

It's confusing that things are becoming more contentious labor wise. The LCC's are going down the path of the regional industry... pushing people to seek greener pastures out of short-term cheapness, in the midst of the biggest hiring boom, is so short sighted.

sqwkvfr

Right...,the adults in the room understand clearly that EVERY PILOT at this company beyond 1st year pay is pulling in over $100k. That being said, you’re biatching about not getting a $1000 bonus on top of the bonus (which was most likely well over $1000) that hit your bank account just today? It seems that your posts are just reaching for things to whine about. Stop it. Like I said, if you want in on this terrific windfall being offered up by other companies, feel free to join one of them.

Just in case you haven’t noticed, G4 is the last dog at the bowl. We are not in a position to be squandering opportunities for growth or infastructure improvements just to grab a headline, which wouldn’t happen anyway. We desperately need this tax break to make meaningful improvements, not to stop the *****ing from a few people who don’t understand the reality of the situation for just a few minutes...if at all. The next few years are going to be challenging for his company. We are facing pressures from all sides. I say use the tax break to improve our customer experience, fleet reliability, IT infrastructure, and fiscal position...it sounds as if the company plans just that.

Also, look up the meaning of the word sophomoric....you clearly don’t know it. Regardless, your responses and moved form sophomoric to childish, i.e., “I know you are but what am I?”

You’re proving my point.

sqwkvfr

They did not announce a new $100M stock repurchase....it had already been authorized and was only mentioned because there is a little over $100 million still authorized for such repurchases.

Have we taken to making things up to be ****ed about?

9easy

I didn't say the $100m repurchase was new.. you're correct it had already been "authorized" however that's money that hasn't been spent yet, and they specifically mentioned it in the earnings press release.

As an ALGT shareholder I can see why they are doing the buy back, but to claim they can't fork $1000 because of reinvestment in the business is an interesting excuse. I'd be happier if they used it to pay off some company debt that is currently costing $50m a year in interest expense.

sqwkvfr

Yes you did.. .you claimed that they “announced” it, which, by definition, means that the thing being announced is new...you imbelished to make a point and now you look worse for trying to claim otherwise.

Also, the debt is not an issue....publically-traded companies (particularly ones subject to merger, aquisition or takeover) need to have debt on their balance sheets to help protect from an LBO. As each company’s revenue and value go up (as is the plan) the company needs to have more debt on the books. Even Apple has @$90 billion in debt.

Regardless, I’m still struggling to understand why some people choose such a petty thing like not getting a $1000 bonus to carp about. This company has so many things that it needs to improve in order for us to continue to be solevent and competitive long term, yet some who can’t pass the marshmallow test (look it up) feel the need to run to the nearest keyboard to complain about not getting something that isn’t owned, wasn’t promised, constitutes a tiny amount of their compensation and, as our recent attrition numbers show, clearly isn’t the best use of those funds.

If some people are that hard up for money at our income level, an extra grand isn’t going to solve their problems. In that case, I’d recommend Dave Ramsey.

crxpilot

Ill take the marshmallow please.

Seriously, youve created a bit of a slippery slope with your argument. You surmise that just because a hard working employee desires a $1000 kickback that they must be “hard up”. Perhaps said employee takes his $1000 and invests it in XYZ and doubles it in a short amount of time. That is more beneficial than what the company may do with it where you may never see a benefit or a limited return. For example, under our old PTO system, I saw no benefit in accruing a large PTO balance. It was better to cash it all out and invest it for myself instead of Allegiant for themselves, and if I really needed paid time to replace lost income to sickness or whatever, Im taking it out of my own personal PTO piggybank, not the Allegiant one.
Theyve got you fooled if you think there are problems with this company financially. Its all nothing more than a shell game to them. (Sunseeker anyone?) Another fact is all these other companies didnt just blow their wad on employee bonuses. Its a very miniscule amount and they have tens/hundreds of millions leftover from the trump bump that they will reinvest back into their company and industry. Ultimately Allegiant will do whatever benefits their largest stockholders. Always. And Im sure Dave Ramsey would be proud of them.

ecam

Spoken like the management person you are. I like the corporate buzz words, but you could have used a few more. I missed "synergistic" and Teamwork" for example.

Like I said before, go away.

ecam

What you don't seem to get (probably because of your limited experience in this industry), is that it's about RESPECT. Sure $1000 is just a token to us pilots, but it's the gesture. It's telling everyone we are valued team members. It's motivation.

Instead, we get middle fingers. No Trump bonus, and now a tiered profit sharing system that will most likely make it not even worth trying. This will certainly factor into my operational decisions going forward.

Also, $1000 may not be a lot to you, Mr big shot Flight Ops Management Guy, but to our FAs and low level HQ workers who slave away every day, it's a lot of money. Try to think about somebody other than yourself.

JustWatching

Management? Don’t they have better things to do than post here?

ecam

Obviously not. I've never met a line pilot who can squeeze that many management buzz words into one post. Maybe some of those DAL MBA guys.

But actually, I know for a fact that at least two of the chief pilots and several high ranking people in the training department and flight ops are here regularly. They aren't as anonymous as they think they are but some just lurk.