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Originally Posted by MstrAv8r
(Post 3935725)
+$524mm on the balance sheet. Bleeding $70 mil a quarter will drain that with a quickness. I hope they can figure it out. I don’t see how they are forecasting big profits next year. Hopium???
Listen to the call, it's worth the time I think |
The numbers sucked, but honestly not sure I feel that pessimistic. We'll know within 6-8 weeks what the trajectory of this company is going to be.. Might even be optimistic.
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Originally Posted by Workhard
(Post 3935716)
Stock continuing to drop today…3.18 a share and continuing drop. Investors still absorbing the news. The more they look into it… the more they hate it. BB getting upset at questions only biting him now.
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Originally Posted by Aero1900
(Post 3935744)
If you listen to the call they have their reasons they say we will be profitable. Not saying they can pull it off, but they definitely think they can.
Listen to the call, it's worth the time I think Some key details he left out numbered in the 10Q were the 50m discount on gas vs last year which helped us out big time and the 103m credit from a maintenance pre deposit. I’m very curious what the 300M in committed financing is going to be for. My mind still races to a merger is inevitable and inbound. We have to get the yields higher on the domestic market sooner rather than later. |
Originally Posted by bluespoon
(Post 3935635)
You got planes coming, but with less flying, reducing flying Tuesdays and Saturdays. Crews not being used. Math ain’t mathing
Originally Posted by Stayontarget
(Post 3935638)
Sort of. It’s more a question of how much flying can we squeeze out of every available asset on 4 particular days a week? T/W will see only 3-4 Block per plane so that’s going to bring the average across the fleet waaaay down. Enjoy your new days off on T/W everybody.
Originally Posted by spooldup
(Post 3935678)
Yep... Didnt know this was allegiant. They have two hard days off basically, but you end up flying weekends to make up for those days. Its a shame. I wonder what the legacies load factor/yields are on Tues and Wed?
Enjoy only having weekends off if you are top 10-15 in base now. I think the problem with Spirit and Frontier is that they fly to large airports and try to compete with the legacies offering a much lower fare to the same places. The legacies squashed that by offering cheap basic fares with better service and more reliability. If you live in Iowa or Wisconsin or upstate NY and want to go somewhere Allegiant is alone offering direct flights to airports most other airlines either don't serve direct (like Destin or SW FL or Myrtle or Nashville) or serve with connections that usually involve an RJ and then a drive to the final destination. If you live in Chicago or Dallas or Atlanta you have lots of better choices than any ULCC. The other ULCCs would be wise to copy the allegiant model and quit operating in major airline hubs. Small airport point to point is the secret of Allegiant's success but that's a huge culture change from what most airline pilots are used to. Working at allegiant was a true part time job and definitely a slow paced lifestyle compared to other airlines. That's probably why allegiant pilots seem to be less militant and other than low pay and a crappy in house PBS system that abrogates seniority don't have many complaints. The other down side to that lifestyle is a lot of small bases that you have to actually live in. Very very few G4 pilots commute. |
Not sure how anyone can expect or demand a contract anytime soon, especially one that is in line with the legacies.
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Originally Posted by BusDriver2000
(Post 3935793)
Not sure how anyone can expect or demand a contract anytime soon, especially one that is in line with the legacies.
Such a terrible argument and I hate that it is how it works, but I personally don't give a rats @** about how our financials are. It isnt my problem and if they can steer this ship into the ground while getting paid 8m+ a year, then we can get a standard contract like everyone else. |
Originally Posted by spooldup
(Post 3935814)
Yeah.... Idk why our executives should be getting paid any more bonuses or any more than previous years....
Such a terrible argument and I hate that it is how it works, but I personally don't give a rats @** about how our financials are. It isnt my problem and if they can steer this ship into the ground while getting paid 8m+ a year, then we can get a standard contract like everyone else. |
Originally Posted by spooldup
(Post 3935814)
…I personally don't give a rats @** about how our financials are. It isnt my problem... Unfortunately, I depend on the income I earn from this airline and so if it goes the Spirit route and starts for furloughing, downgrading, displacing, etc., it is VERY MUCH my problem. |
Originally Posted by spooldup
(Post 3935814)
Yeah.... Idk why our executives should be getting paid any more bonuses or any more than previous years....
Such a terrible argument and I hate that it is how it works, but I personally don't give a rats @** about how our financials are. It isnt my problem and if they can steer this ship into the ground while getting paid 8m+ a year, then we can get a standard contract like everyone else. absolutely. Things are super expensive. We’re paid less now than we were during covid adjusted for purchasing power. They had raises. Funny how we can always find money for C suite raises but we can’t bill more to pay our pilots and employees to even keep up with inflation. they should lose their job not be rewarded for effectively crashing the company into the ground. |
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