Contract negotiations

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10-16-2022, 05:16 PM

#661

JediCheese

Gets Weekends Off

Joined APC: Jan 2015

Posts: 410

Quote:

Originally Posted by KC135

Smart, more people really should be taking advantage of this. I usually put the min in months 1-4 then months 5-6 I try to hit the max total limit and immediately sell to take the easy gain with only a 2 month hold period.

This is a better move if you're going to run up against the 20k per year limit.

Quote:

Originally Posted by KC135

Sure you could cause a red short term candle if everyone sold at the same moment in time but the shares have to be purchased first so overall it's a net wash on the stock price since the company pays the discount when the buy orders are filled.

I don't think the company purchases the stock. I think they do a new issue (but I might be wrong, would have to read the 10-k and look at the number of issued shares).

Also the number of shares are small via the ESPP. Roughly 250k shares are traded a day, giving about 16 million dollars worth of ALGT stock changing a hands a day.

10-17-2022, 03:56 AM

#662

G4poor

Line Holder

Joined APC: Jan 2022

Posts: 44

Quote:

Originally Posted by JediCheese

No holding time and a 15% discount (so a 17.5% immediate rate of return). Dumping the stock the second it hits my account. Only downside is you can't touch the money until it buys every 6 months so not exactly liquid if you run into financial problems.

It is liquid. You can pull the money out mid offering period and drop out of the program. The limit is $25k/yr.

10-17-2022, 09:13 AM

#663

akulahunter

Voice of Reason

Joined APC: Jul 2014

Position: Uncomfortable

Posts: 481

Quote:

Originally Posted by G4poor

It is liquid. You can pull the money out mid offering period and drop out of the program. The limit is $25k/yr.

This. Both of these are true. You can pull it out at any time if something happens.

10-17-2022, 08:17 PM

#664

CaptainSlow

Quarantined

Joined APC: Mar 2018

Posts: 181

Quote:

Originally Posted by JediCheese

Interesting, and smart move. Thanks for explaining.

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10-21-2022, 01:37 PM

#665

tailendcharlie

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Joined APC: Oct 2010

Position: Airbus CA

Posts: 927

Meanwhile another new-hire class cancelled due to lack of interest…..

10-21-2022, 02:08 PM

#666

KC135

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Joined APC: Jun 2015

Position: A-320

Posts: 680

Quote:

Originally Posted by tailendcharlie

Meanwhile another new-hire class cancelled due to lack of interest…..

Which one? Oct 31st?

10-21-2022, 02:44 PM

#667

tailendcharlie

Gets Weekends Off

Joined APC: Oct 2010

Position: Airbus CA

Posts: 927

Quote:

Originally Posted by KC135

Which one? Oct 31st?

It was the planned mid Oct class that will now be combined with the Oct. 31 class.

10-24-2022, 10:36 AM

#668

9easy

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Joined APC: Feb 2012

Posts: 559

Why would a new hire come to Allegiant to make half as much as a regional. There aren’t that many independently wealthy pilots looking for a job in Appleton. I’m surprised there are any classes.

10-24-2022, 11:43 AM

#669

KC135

Gets Weekends Off

Joined APC: Jun 2015

Position: A-320

Posts: 680

Quote:

Originally Posted by 9easy

Why would a new hire come to Allegiant to make half as much as a regional. There aren’t that many independently wealthy pilots looking for a job in Appleton. I’m surprised there are any classes.

Agreed, it's surprising.

In other news, UAL latest vacancy bid has unfilled CA vacancies in 6 different bases now, TA2 on the way shortly along with TA1 for AA.

10-25-2022, 06:35 AM

#670

TwentyBucks

On Reserve

Joined APC: Mar 2019

Position: CA

Posts: 10

Quote:

Originally Posted by 9easy

Why would a new hire come to Allegiant to make half as much as a regional. There aren’t that many independently wealthy pilots looking for a job in Appleton. I’m surprised there are any classes.

REGIONAL FO - interested in ALGT, but can’t get there w/o new contract. I’d be fine making ATW home as I’m from Appleton. What is IBT union doing to get a new contract? Timetable?