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

 

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.

 

This drove me absolutely NUTS. The repeated undertone of condescension in his voice in response to the people who are bankrolling our airline was incredibly frustrating to hear.

 

It definitely was worth the time and helped a little. I still have concerns though. Stahl mentioned in a previous post there still was no clear direction forward besides cuts. No real initiatives to drive revenue forward and incentivize passengers on off peak days. What if the cuts aren’t enough? More cuts? What if Thursday and Monday start to suck too? Are we just going to cut flights those days too? They mentioned the website and app, CC spending, and first class but that won’t be enough. I’m a little aggravated the investors never ask about on time performance or cancellations. There are direct correlations with revenue and performance.

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.

 

FWIW Allegiant used to never fly on Tue/Sat and less flying on Wed than the other days. Especially in smaller bases. My last few years there that evened out a bit. Allegiant is mostly a leisure airline and nobody leaves on vacation mid week or Saturday. Mostly leave Thu/Fri and come home Sun/Mon. It was nice knowing you were unlikely to work those days and could plan things well ahead. As it turned out since there were very few flights working the low days trended very senior. Picking up a reserve shift on a Tuesday or Saturday was easy money (yes line holders can do that at G4).

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.

 

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.

 

I totally agree they should not be taking fat bonuses either but imagine they had to fork over a legacy contract right now after losing $70 million and the forecast looks bleak?

 

lol. You must be independently wealthy. Good for you, brother!

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.

 

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.