Is it about time to make an offer to spirit?
#151
Gets Weekends Off
Joined APC: Oct 2006
Posts: 2,843
How about Allegiant? Just for the metal. They’ve got a fleet of new and used buses. Paint SWA on the side and start plugging them in to the city pairs where the Max was intended. December 31st Allegiant ceases doing business. January 1st it’s all SWA with a 5 year fence around the Bus to give them time to integrate the operations. Just spitballing here.
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Allegiant Market cap is 2.69B
Spirit is 3B
Frontier is publicly owned
JetBlue is 6.14B
Looks like Allegiant has a planned fleet count of 111. Spirit - 193. Frontier - 211.
Allegiant has the smaller pilot group but uses bases in almost every city so not sure how displacement costs would factor in. We’d prob gut their travel agent side of business. Get more planes with Spirit or Frontier for not much more money it looks like.
#152
Banned
Joined APC: Dec 2019
Posts: 193
How about Allegiant? Just for the metal. They’ve got a fleet of new and used buses. Paint SWA on the side and start plugging them in to the city pairs where the Max was intended. December 31st Allegiant ceases doing business. January 1st it’s all SWA with a 5 year fence around the Bus to give them time to integrate the operations. Just spitballing here.
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~100 Airbus 319/320, 13 of them factory new. The handful of oldest ones are relics of the late 80s. Most frames from the mid 90s. Roughly 70% of them are owned free and clear by the company.
Aircraft, Pilot, FA, MX Bases in LAX, LAS, BLI, IWA, VPS, PIE, PGD, FLL, SFB, DSM, BNA, TYS, AVL, SAV, IND, GRR, CVG, PIT, ABE, JQF
~1000 pilots. ~4000 FAs
A $500 million resort under construction in Charlotte Harbor, FL, opening date mid 2021
A travel agency that makes more money off hotel/rental car/cruise/event ticket packages than it makes operating an airline alone
The most profitable and uncompetitive route network in the USA. More money made on incidental fees than fares.
Naming rights for the new Raiders stadium in LAS
3 Dave&Busters style gaming centers 1 in Flint, MI, 2 in SLC areas.
A golf course tee time software company currently up for sale
$2.69B market cap. Stock price $165.45. Most analysts call it massively overvalued. SWA would have to pay quite a premium above that. The largest shareholder is Maury Gallagher, the founder and CEO. He owns roughly 40%. This company is his baby, and he's not motivated at all to sell.
Most of the above would be completely useless to SWA. Some of it could be sold off. Maybe ALGT would sell the airline and keep the travel company and resort? If not, SWA would have to integrate/shutter/divest most of the company. $2.5B is a lot to pay for 100 used jets, but really only works out to about $25 million per airframe. I guess it's doable, but wouldn't make much sense. I guess it would get SWA back into the small market game they've mostly abandoned in the last decade or so.
#156
On Reserve
Joined APC: Feb 2020
Posts: 16
Where did you get your information? You aren't even close.
Allegiant doesn't have a single airframe from the 80s! Only 7 airframes are from the late 90s. The oldest airframe we have is only 22.7 years old. 60 airframes are are under 15 years old and 20 airframes are under 10 years old. Average fleet age is 13.8 years.
ECAM, is that you?
#158
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Lord knows they have some max's they need to repurpose.....
#159
Banned
Joined APC: Dec 2019
Posts: 193
Where did you get your information? You aren't even close.
Allegiant doesn't have a single airframe from the 80s! Only 7 airframes are from the late 90s. The oldest airframe we have is only 22.7 years old. 60 airframes are are under 15 years old and 20 airframes are under 10 years old. Average fleet age is 13.8 years.
ECAM, is that you?
Allegiant doesn't have a single airframe from the 80s! Only 7 airframes are from the late 90s. The oldest airframe we have is only 22.7 years old. 60 airframes are are under 15 years old and 20 airframes are under 10 years old. Average fleet age is 13.8 years.
ECAM, is that you?
Sorry my data on the old CRT tube Busses was incorrect. Really, I was hyperbolizing, but one can always count on some pilot to come along and try to prove they're smarter than someone else. Thanks for the correction.
I don't understand your last sentence.
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