MrB Posted May 8, 2020 Author Share Posted May 8, 2020 Allegiant tops ranking. Best airline in US https://commons.erau.edu/aqrr/30/ The results of the 30th annual national Airline Quality Rating (AQR). The most comprehensive study of the performance quality of the 10 largest airlines in the United States, the AQR is conducted by researchers at the W. Frank Barton School of Business at Wichita State University and Embry-Riddle Aeronautical University’s Prescott, Ariz., campus. Airline performance, as presented by AQR researchers, encompasses a multifactor look at the overall quality of the airlines. It includes on-time performance, denied boardings, mishandled baggage and customer complaints. AQR is the longest running and most established measure of airline quality. AQR researchers use a combination of performance-based data that allows comparison of the actual performance of airlines with the public perception of airline quality. The new findings cover the 2019 calendar year and rate the following airlines, listed in alphabetical order: Alaska, Allegiant, American, Delta, Frontier, Hawaiian, JetBlue, Southwest, Spirit, and United. Link to comment Share on other sites More sharing options...
MrB Posted June 4, 2020 Author Share Posted June 4, 2020 87% of fleet in service https://www.planespotters.net/airline/Allegiant-Air Link to comment Share on other sites More sharing options...
MrB Posted June 9, 2020 Author Share Posted June 9, 2020 Everything you need to know about Allegiant; Gallagher in latest call, "As I mentioned a moment ago, our model has always been one of our core strengths. First and foremost, we maintain optionality with our parked aircraft. Annually, we expand and contract our network-based on seasonal demands. We also have simple network, out and back. It's the idle approach when one has to cancel so much of their -- so many of their operations given the dramatic reduction in demand that we have been seeing. By trading in used aircraft, we also have an expensive model. Over the years, no one has been able to match our combination of a low-cost structure and low utilization. In the coming months, you will see our costs come in noticeably as we refocus on operational efficiencies. As I said previously, reducing costs and capital expenditures is the best way for a carrier to [indiscernible] their liquidity. One of my favorite sayings when we operated MD-80s was, we were a noncapital-intensive business competing in a capital-intensive industry. I believe we'll be able to use this description in the not-toodistant future. I'm the largest shareholder in this company with almost 20% position. I want to assure you all that we are doing the necessary things to guarantee our future. We are still the same hard nosed disciplined company and industry leader you're used to seeing. We are rightsizing the company. We are managing expenses and capital outlays. We have sufficient liquidity. Our flexibility in managing capacity continues to pay dividends. 80% of our markets do not have any competition. We will continue these traditions." P.S. Allegiant hedge zero fuel Link to comment Share on other sites More sharing options...
Foreign Tuffett Posted June 9, 2020 Share Posted June 9, 2020 Everything you need to know about Allegiant; Gallagher in latest call, "As I mentioned a moment ago, our model has always been one of our core strengths. First and foremost, we maintain optionality with our parked aircraft. Annually, we expand and contract our network-based on seasonal demands. We also have simple network, out and back. It's the idle approach when one has to cancel so much of their -- so many of their operations given the dramatic reduction in demand that we have been seeing. By trading in used aircraft, we also have an expensive model. Over the years, no one has been able to match our combination of a low-cost structure and low utilization. In the coming months, you will see our costs come in noticeably as we refocus on operational efficiencies. As I said previously, reducing costs and capital expenditures is the best way for a carrier to [indiscernible] their liquidity. One of my favorite sayings when we operated MD-80s was, we were a noncapital-intensive business competing in a capital-intensive industry. I believe we'll be able to use this description in the not-toodistant future. I'm the largest shareholder in this company with almost 20% position. I want to assure you all that we are doing the necessary things to guarantee our future. We are still the same hard nosed disciplined company and industry leader you're used to seeing. We are rightsizing the company. We are managing expenses and capital outlays. We have sufficient liquidity. Our flexibility in managing capacity continues to pay dividends. 80% of our markets do not have any competition. We will continue these traditions." P.S. Allegiant hedge zero fuel Some might also like to know that Gallagher has sold 165,000 shares this month. Link to comment Share on other sites More sharing options...
MrB Posted June 10, 2020 Author Share Posted June 10, 2020 True, but he usually does this around March every year and has been reducing his stake by around 5% per annum, since Allegiant's listing in 2006. John Redmond (president) just purchased 5,000 shares Link to comment Share on other sites More sharing options...
MrB Posted June 24, 2020 Author Share Posted June 24, 2020 Great letter from Gallagher yesterday for anyone interested in the industry https://www.sec.gov/Archives/edgar/data/1362468/000136246820000029/shareholderletter.htm Link to comment Share on other sites More sharing options...
MrB Posted July 9, 2020 Author Share Posted July 9, 2020 Pretty decent numbers from Allegiant, considering...http://ir.allegiantair.com/news-releases/news-release-details/allegiant-reports-june-2020-traffic Link to comment Share on other sites More sharing options...
MrB Posted October 29, 2020 Author Share Posted October 29, 2020 Q3 call https://seekingalpha.com/article/4382362-allegiant-travel-co-algt-ceo-maurice-gallagher-on-q3-2020-results-earnings-call-transcript?part=single And given this new measurement approach, we had a very good quarter. In fact, September wasn't a cash burn month, but rather it was a cash flow breakeven month Through the combination of a resilient business model, a very broad domestic network, leisure traveler-focused, quick and aggressive cost cutting and continued financial discipline, we are weathering the storm better than anyone such that we no longer will be referring to cash burn. Not only is the term creatively defined and seemingly unique to each carrier, it no longer applies to us. Greg will get into this with more detail in his remarks. Our adjusted CASM-X, which excludes special items and benefits from CARES Act, for the quarter was $0.0625 and less than our full year '19 CASM-X of $0.065. Link to comment Share on other sites More sharing options...
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