With the unique nature of our operation, being home every night, etc., I don't believe Allegiant will be hit quite as hard as other middle tier airlines. But sooner or later, this will impact everyone. Some more than others. Airlines like republic, were practically decimated, their stock becoming worthless, due to pilot shortages and and inability to service their routes and customers. It has generally been said that major and legacy airlines will never have a problem recruiting. That maybe true, perhaps to a lesser extent, but airlines like frontier, Spirit, possibly even JetBlue, will probably begin to see unsustainable attrition.
Airline executives have been Poopoo'ing this eventuality for years. Now they are lobbying Congress to drop/amnend the 1500 hour ATP requirement, hoping that will alleviate the situation. Other measures, or Band-Aids, will include increasing the retirement age to 67.
Whether any or all of this will pass, who knows. Suffice to say pilots are finally in a sellers market. Not sure for how long, so we should take advantage while we can. I don't believe our contract would have been nearly as lucrative had market forces been different.