Be Realistic

Its that attitude that got us the turd contract we currently have. And frankly, anyone who voted that POS in is responsible for the reason we are in the current situation and they need to sit down and shut up. Your HDMWD grips are insignificant to 90% of this pilot group.

Consolidate bases, and become a real airline soon or this company won't survive, and nor should it.

captnate702

Okay sheep, keep filing those grievances and holding out for arbitration rules instead of pay, retirement and scheduling rules cause that’s what the pilot group is really concerned about right now lol

Margaritaville

Guys... Guys... Guys... click click

tom11011

At this point the company should be turning its focus to consolidating with another airline. Even with a new contract, there's still 3 more years until the pilot attrition problem peaks industry wide, then another 5 years of what we are seeing today. And even with a new contract, the 10% growth goals annually is very aggressive and possibly unattainable.

Margaritaville

I agree that they need to figure out a way to consolidate but not for that reason. Now that Spirit is likely to go away, Frontier is going to be dominant in this sector. They're over twice the size of allegiant. I think this will embolden them to push deeper into allegiant turf as their largest competitor goes away. If allegiant doesn't get together with someone (Sun Country still seems to make the most sense) they're going to get outplayed.

As for recruiting problems, attrition is still mostly in the bottom 50% of the seniority list. As I said the other day, allegiant just needs to change their recruiting game to go back to only hiring those who want to be here and plan to stay. Those with ties to a large base city, late life career changers, older regional lifers who couldn't get hired at a legacy, skeletons in the closet that make them ineligible for a legacy, etc. They spent over 3 years hiring younger folks who were sure to leave but they didn't care because they needed meat in the seats. The unintended consequence of that is now they're all getting better offers. The solution is hire replacements who won't. Let's not forget that allegiant had a 1.5 year hiring freeze between 2017 and 2019 after the 80 transition when everyone else was hiring because we were overstaffed and attrition was less than 2%. Most of the people leaving were hired after that, and include those who got burned by the retaliation furlough.

9easy

I wonder how a G4 and Frontier merger would look. F9 has enough planes on order to replace the G4 fleet and a couple common bases.

Margaritaville

I doubt it but anything is possible. We have 737 MAXs on order that I doubt F9 wants but they could sell those order slots. Biggest obstacle as I see it is that they'd want to be I the drivers seat and they'd have to pay a premium on our still overvalued stock to do that. Maury ain't just walking away quietly. Allegiant envisions a merger scenario with the current management in the drivers seat and unless they punch down, that ain't happening.

tom11011

We have lost a billion in market cap in the last 6 months.

Margaritaville

Yeah I've noticed. Surprised nobody is talking about it.

captnate702

I’m sure they’ll use some of that cash to buy back stock soon. They paid back the govt loans way earlier than necessary for a reason…