Airline Pilot Central Forums - Allegiant Air Announces New Base IN LAX

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Quote:

Originally Posted by Green Banana (Post 562099)

Another low cost carrier willing to take a loss to "Buy market share"
BRILLIANT!

Allegiant Travel Company Reports Third Quarter 2009 Financial Results

RECORD THIRD QUARTER MARGINS, THIRD QUARTER EPS INCREASES OVER 180%

LAS VEGAS, Oct 19, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Allegiant Travel Company (Nasdaq: ALGT), parent company of Allegiant Air and Allegiant Vacations, today reported the following financial results for the third quarter 2009 and comparisons to prior year equivalents:

Unaudited 3Q09 3Q08 Change
--------- ---- ---- ------
Total operating revenue (millions) $133.1 $116.9 13.9 %
Operating income (millions) $21.9 $8.1 170.3 %
Operating margin 16.5% 6.9% 9.6pp

Net income (millions) $13.8 $4.9 181.7 %
Diluted earnings per share $0.68 $0.24 183.3 %

Scheduled Service:
Average fare - scheduled service $67.09 $86.32 (22.3)%
Average fare - ancillary 33.35 32.28 3.3 %
Average fare - total $100.44 $118.60 (15.3)%
Total revenue per ASM (cents) 9.96 12.75 (21.9)%
Average passengers per departure 132 137 (3.6)%
Load factor 89.9% 93.8% -3.9pp
Average stage length (miles) 888 856 3.7 %

Total System*:
Operating expense per passenger $83.00 $111.60 (25.6)%
Operating expense per passenger, excluding fuel $50.31 $53.33 (5.7)%
Average departures per aircraft per day 2.75 2.30 19.6 %
Average stage length (miles) 818 815 0.4 %
--------------------------- --- --- ----

* Total system includes scheduled service, fixed-fee contract and
non-revenue flying

Allegiant Travel Company also reported the following balance sheet information:
Unaudited ($millions) September 30, 2009 June 30, 2009 Change ($mm)
-------------------- ------------------ ------------- -----------
Unrestricted cash (including
short-term investments) 222.4 228.2 (5.8)
Unrestricted cash net of air
traffic liability 138.1 138.3 (0.2)
Total debt, including capital
leases 54.8 60.7 (5.9)

The proof is in the.................someone please finish this for me.

Quote:

Originally Posted by ugflyer (Post 697041)

The proof is in the.................someone please finish this for me.

In the crew meal??

Quote:

Originally Posted by ExperimentalAB (Post 562330)

They can have that LAX-DSM run...On the UEX side I don't think I saw more than 20 for loads. And that was with the City of DSM subsidizing!

I did that run one very cold, windy day with a full load. And the single lav on the CRJ-700 was very full after almost 5 hours in the air.

Quote:

Originally Posted by pipercub (Post 562515)

People said this same thing when we entered florida and again in phoenix. Phoenix was profitable as a hub within 90 days of starting operation.

Allegiant does not lose money on any route. If a route does not make money it gets cut. If any of the routes dont make money in 90 days to 6 months they will pull it and fly to another of the 100+ small towns out there wanting allegaint service

All those cities however are current Allegiant Cities from one or more of our other hub cities. Keep in mind we have been running a 131 pax ave out of 150 pax A/C for over a year now. We made 56 million last year doing just that. We as pilots are getting a profit share check in march, we got pay increase last Nov another coming this Nov, unlike the paycuts most everyone else it taking. We hired pilots this year not furlough and are planing hiring more in the fall.

and yet with your pay increase and their pay cuts you still are underpayed.

Quote:

Originally Posted by MWright (Post 562953)

Are you that upset with DAL that you have to rain on everyone's parade?

A new airline attempting to gain market share, hiring, and making money.

Tell me, was DAL the highest paying airline with the best benefits from day 1?

I can tell you that SWA was not, but look where they are now. The airline with industry leading pay, work rules and QOL.

How long have you been at DAL? Does that earn you the right to look down you nose at ALGT? You act like you yourself fought for the contract you work under.

If/when they get a industry standard contract, at least those they're now can pat themselves on the back for building an airline from the ground up, rather than strolling into a cherry situation and then ripping on others.

and it only took swa 30+ years and the others to take pay cuts to get there.

If, is the correct word in that statement.

Due to open as a base again this spring.

Quote:

Originally Posted by labbats (Post 2013277)

Due to open as a base again this spring.

Will the previously displaced LAX pilots with reinstatement rights get paid moves back to the LA area with this announcement?:)

I love it, this isn't a "new" base. They had an LAX base when I got hired.

Quote:

Originally Posted by full of luv (Post 2013287)

Will the previously displaced LAX pilots with reinstatement rights get paid moves back to the LA area with this announcement?:)

No one gets paid moves right now. No one has reinstatement rights either.