Allegiant Air
01-20-2016 | 11:16 AM
#1342
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Joined: Sep 2006
Posts: 928
Likes: 2
The recent happenings here at Allegiant seem to have Buyout/Merger written all over it. MG is getting rid of unwanted management and personnel to make us look better on paper as well as keep from paying out extra bonus money to those without longevity. Our stock price is at 52 week lows, our profits remain solid, and the dollar is strong. We are on sale...
However, everybody else is on sale too if we are looking to buy. Spirit is also at 52 week lows and they've just gotten rid of their CEO. A lot of this may be coincidental but if you look at all the details and you've been through merger/buyouts before then the writing seems to be on the wall. Shareholders want results and when values tank they start taking actions to get their money back.
Additionally, a merger or buyout would reset our negotiations with the company, MG and the Shareholders would enjoy low wages and terrible work rules for another 3-5 years.
However, everybody else is on sale too if we are looking to buy. Spirit is also at 52 week lows and they've just gotten rid of their CEO. A lot of this may be coincidental but if you look at all the details and you've been through merger/buyouts before then the writing seems to be on the wall. Shareholders want results and when values tank they start taking actions to get their money back.
Additionally, a merger or buyout would reset our negotiations with the company, MG and the Shareholders would enjoy low wages and terrible work rules for another 3-5 years.
01-20-2016 | 11:43 AM
#1343
Gets Weekends Off
Joined: Jan 2016
Posts: 220
Likes: 0
From: jets
A company that wants to add a profitable route structure without competition and thinks they can improve the maintenance as well as the efficiency of the operation to increase profit even more. I also mentioned that we may be doing the buying. Something is up, this isn't MG's management status quo.
01-20-2016 | 12:30 PM
#1344
Banned
Joined: May 2012
Posts: 520
Likes: 0
A company that wants to add a profitable route structure without competition and thinks they can improve the maintenance as well as the efficiency of the operation to increase profit even more. I also mentioned that we may be doing the buying. Something is up, this isn't MG's management status quo.
Actually it is. Every time someone leaves, it seems the former persons job get diluted into someone else's job. The only thing I wonder about is the person that takes on the additional responsibilities if they get a bigger piece of the pie. Also, I highly doubt that they had any available free time to share so you have to wonder how well they will actually perform the additional duties.
01-20-2016 | 12:53 PM
#1345
Gets Weekends Off
Joined: Jan 2016
Posts: 220
Likes: 0
From: jets
MG always wants to do more with less and stretch us all to our limit so I wouldn't be entirely surprised if he wants these people to fill all those shoes but the messages from MG seemed cryptic, vague, and abrupt. I've got to think, first that the board and the FAA won't let this stand and won't be happy when they find out. Second, MG is structuring for something that is coming. I don't necessarily think it'll be good for anyone but the shareholders but something is happening.
MG's message also mentioned "Our near term effort is to review our operations group and understand where we can make improvements in both systems/processes and any personnel needs." *** does that mean? Sounds like lots of people are gonna be on the street. They changed management which happens in business, but now it's trickling down to the peons. Is this the board telling MG to make changes or something more?
MG's message also mentioned "Our near term effort is to review our operations group and understand where we can make improvements in both systems/processes and any personnel needs." *** does that mean? Sounds like lots of people are gonna be on the street. They changed management which happens in business, but now it's trickling down to the peons. Is this the board telling MG to make changes or something more?
01-20-2016 | 12:59 PM
#1346
Gets Weekends Off
Joined: Mar 2005
Posts: 468
Likes: 0
From: Off to the left!
They are spread so thin that nothing gets done.
01-20-2016 | 02:18 PM
#1347
Gets Weekends Off
Joined: Aug 2011
Posts: 2,583
Likes: 15
From: Hoping for any position
I'm more interested where Harfst lands. Ive been scouring the net to see any news about where he ends up.
01-20-2016 | 04:05 PM
#1349
Gets Weekends Off
Joined: Aug 2011
Posts: 2,583
Likes: 15
From: Hoping for any position
That's exactly what I thought. Non competes can mean a lot of things like you said. I wonder how all these changes will change the tone of negotiations next month.
01-20-2016 | 05:39 PM
#1350
Line Holder
Joined: Sep 2006
Posts: 928
Likes: 2
A company that wants to add a profitable route structure without competition and thinks they can improve the maintenance as well as the efficiency of the operation to increase profit even more. I also mentioned that we may be doing the buying. Something is up, this isn't MG's management status quo.
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