Allegiant Air Announces New Base IN LAX
10-19-2009, 07:17 PM
#21
Line Holder
Joined APC: Sep 2009
Posts: 86
Originally Posted by Green Banana
Another low cost carrier willing to take a loss to "Buy market share"
BRILLIANT!
BRILLIANT!
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)
10-19-2009, 09:28 PM
#24
Gets Weekends Off
Joined APC: Jan 2007
Position: Self employed
Posts: 3,048
Originally Posted by ExperimentalAB
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!
10-20-2009, 09:09 AM
#25
Gets Weekends Off
Joined APC: Nov 2005
Posts: 2,002
Originally Posted by pipercub
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.
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.
10-20-2009, 09:16 AM
#26
Gets Weekends Off
Joined APC: Nov 2005
Posts: 2,002
Originally Posted by MWright
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.
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.
If, is the correct word in that statement.
11-18-2015, 04:36 PM
#28
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Originally Posted by labbats
Due to open as a base again this spring.
11-18-2015, 07:04 PM
#30
Gets Weekends Off
Joined APC: Mar 2005
Position: Off to the left!
Posts: 464
Originally Posted by full of luv
Will the previously displaced LAX pilots with reinstatement rights get paid moves back to the LA area with this announcement?
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