FreshWater

Don’t forget Tunica (UTA).

KC135

Since we're going way back....Denver, Laughlin and Reno crew bases were also closed.

310skying

you gotta go all the way back, don’t forget they Closed FAT

tom11011

The union never said 1-2 years, they said no airline contract in history has ever been negotiated without the assistance of NMB. We are a year away from even being able to apply for NMB assistance. Reading your posts it seems you might not be current on the latest info from the videos.

Margaritaville

Look. Everyone wants a contract like yesterday, but we'd be wise to hold out and wait for the big 3 to finish this time and negotiate off theirs, rather than go first and get leapfrogged again and be relegated to lowest paid in the nation for another 10 years.

9easy

Another quarter or two of making excuses for canceled flights, no growth, and I would expect a contract. The company attorney knows exactly what to give IBT to get a TA, same as last time. Our new CEO’s compensation is 100% stock based - zero salary - and the stock price will not go up with zero growth and canceled flights. They will be forced to sacrifice margins and pay more for growth, it’s pretty much a certainty.

Margaritaville

I agree but I think you're thinking inside the box. JR is a casino guy. He sees the future of the Travel Company as a hotel building, operating, and franchising company with a small airline to run people down to the resorts. That means a much smaller airline and they don't care if there's a contract because they will just keep lowering the hiring standards and the senior folks who live at home won't leave unless their base closes. They'll throw just enough scraps to keep the dogs happy and the investors will cheer at the quarterly call.

KC135

You do realize what you're saying? There has not been any airline in over 20 years that has negotiated a contract in less than 2 years after expiration and you think G4 will be the first in over 2 decades to achieve this? That is crazy talk. Don't forget our block hours drop significantly after July, there will be plenty of time to continue hiring and keep betting legacy will stop hiring next year to slow attrition here. Management believes there is no dire need for a contract as long as new hires continue to show up, which they are. All of the propaganda you heard about growing the big bases, then small bases and a contract coming soon was simply a dangling carrot and hundreds on the fence about leaving before the busy summer fell for it hook line and sinker.

We will most likely not see much growth in the fleet count until 2025 since 30 of the 319's will be retired early, as they keep mentioning in the earnings calls. Hiring over the next 2 years will mostly be for replacing attrition, the 73 training bubble and to bring the airline up to its normal understaffed head count instead of the current severely understaffed levels. The stock price will be fine in the long term, even if things were perfect the stock would retrace regardless in a macro downtrend. After cashing out over 23 million worth of ALGT to date, I don't think he has worries about volatility in the short term.

9easy

It's highly likely it will take another year or two to get a contract, but the company knows what we want. If they want to get a deal done they know how to do it, IBT will sign off on it, and the deal can be made. It's simply a matter of motivation, and the last 20 years has been in the favor of the employer - now it's in the favor of labor.

Everyone can disagree with what the future holds, but John's employment contract is public information and the language is very plain - his singular motivation is to grow the stock price, and to grow it within the next 2.5 years. Sunseeker won't be done for another year and won't start reflecting in earnings for 2 years, and that's assuming they can execute on running a major hotel... still up for debate. The only way to grow the stock price in the near term is to capture market share, grow the airline, grow the fleet.

captnate702

This company has never chased market share or growth just for growth’s sake. It has always been a high margin airline - even if it means sacrificing growth to maintain the margins. When has management just ponied up for market share? They didn’t do it for aircraft and they wont do it for pilots. Even 737s they got at a bargain because the line for the NEOs was out til the end of the decade.

You’re theory is based on the belief that JR, as CEO, is gonna talk the board and MG into doing something that goes against everything MG believes in. It’s not gonna happen. As long as MG is chairman and the largest shareholder he is JR’s boss despite JR’s ceo title. MG is still calling the shots.

What in MG’s career makes you believe he’s gonna just give the pilots what they want to get a contract done in the next 1-2 years?? It ain’t happening. We will shrink and maintain monster profit margins compared to the industry because that’s what MG prioritizes and has always done.