Search

Notices

Q1 loss

Thread Tools
 
Search this Thread
 
Old 05-08-2024, 06:14 PM
  #1  
Gets Weekends Off
Thread Starter
 
SonicFlyer's Avatar
 
Joined APC: Apr 2017
Posts: 3,774
Unhappy Q1 loss

https://www.reviewjournal.com/busine...arter-3046771/
SonicFlyer is offline  
Old 05-08-2024, 06:37 PM
  #2  
Gets Weekends Off
 
Joined APC: May 2016
Posts: 1,019
Default

Would have been profitable if not for the resort which is experiencing ridiculously low occupancy rates in what should be peak season... Even still, well below previous years' profitability.
flydiamond is offline  
Old 05-08-2024, 06:43 PM
  #3  
Gets Weekends Off
 
SladeTin's Avatar
 
Joined APC: Jun 2018
Posts: 220
Default

737 MAX has been an absolute disaster. Costing the company a fortune and providing zero revenue while we continue to wait for delivery to start. I bet folks in HQ really wish they could go back in time for that decision.
SladeTin is offline  
Old 05-08-2024, 10:19 PM
  #4  
Gets Weekends Off
 
Joined APC: Oct 2010
Position: Airbus CA
Posts: 946
Default

Originally Posted by SladeTin
737 MAX has been an absolute disaster. Costing the company a fortune and providing zero revenue while we continue to wait for delivery to start. I bet folks in HQ really wish they could go back in time for that decision.
The Boeing and Sunseeker were serious miscalculations, Boeing some of the blame which in fairness Allegiant couldn't have forseen at the time. Accept that we'll be flying the A320neo and get on with it. And they were told by many in the know - wrong part of Florida for that type of property, and a distraction from the business of running an airline.
tailendcharlie is online now  
Old 05-09-2024, 04:24 AM
  #5  
It's 5 o'clock somewhere
 
Margaritaville's Avatar
 
Joined APC: Oct 2020
Posts: 2,131
Default

What? Nobody wants to stay at a luxury resort built on a swamp in a backwater town with a view of a black water bayou that's an hour from the nearest Gulf beach? Yeah who could have possibly seen that coming?

They originally planned on having a large casino included. When local politcs turned and made that no longer an option the project was DOA but Maury's and JR's pride kept it going. Now they can reap the losses.

If only someone could have seen this coming and warned them.
Margaritaville is offline  
Old 05-09-2024, 08:03 AM
  #6  
Gets Weekends Off
 
Joined APC: Feb 2012
Posts: 565
Default

737 was a horrible idea. Unfortunately, Maury views himself as some sort of "Art of the deal" airline mastermind, and in a similar vein, can never admit a mistake in hindsight.
9easy is offline  
Old 05-09-2024, 09:47 AM
  #7  
Gets Weekends Off
 
Joined APC: Aug 2020
Position: A320 CA
Posts: 705
Default

Originally Posted by 9easy
737 was a horrible idea. Unfortunately, Maury views himself as some sort of "Art of the deal" airline mastermind, and in a similar vein, can never admit a mistake in hindsight.
Management told investors and banks that the choice was 737 or A220 because the waitlist for 320s was 2030-31. The big mistake MG made was thinking he could grow this airline buying used aircraft and not getting any orders on the books with Airbus - that was the mistake for the "art of the deal".

The idea that you can grow 10% a year and just buy used aircraft is absurd because you have to buy exponentially more aircraft each year on the used market. the 320 is not the MD80 where they were avaialble on the cheap in mass quantities. This was the big mistake by MG.

Choosing the 737 over the 220 is whatever; the bean counters wanted the bigger aircraft. the 220 isn't even an airbus product, its a C-Series with an airbus stamp. new cockpits and seperate fleets either way.
captnate702 is offline  
Old 05-09-2024, 09:49 AM
  #8  
Gets Weekends Off
 
Joined APC: Aug 2020
Position: A320 CA
Posts: 705
Default

Originally Posted by Margaritaville
What? Nobody wants to stay at a luxury resort built on a swamp in a backwater town with a view of a black water bayou that's an hour from the nearest Gulf beach? Yeah who could have possibly seen that coming?

They originally planned on having a large casino included. When local politcs turned and made that no longer an option the project was DOA but Maury's and JR's pride kept it going. Now they can reap the losses.

If only someone could have seen this coming and warned them.
Marg - you know we only have two things in common: we both saw through Robles as a supremem leader and that SS was a swamp disaster the entire time. I think we both saw right through the con artists Redmond and Robles.

Other than that, i think we disagree on everything else lol
captnate702 is offline  
Old 05-09-2024, 12:46 PM
  #9  
Fly or Die
 
ESQ702's Avatar
 
Joined APC: Jan 2019
Posts: 487
Default

Am I following it right that the company also declared a $15m dividend after saying we lost $1m for the quarter?
ESQ702 is offline  
Old 05-09-2024, 05:53 PM
  #10  
Gets Weekends Off
 
Captainbfv's Avatar
 
Joined APC: Mar 2016
Position: Gear Biatch
Posts: 296
Default

Originally Posted by Margaritaville
What? Nobody wants to stay at a luxury resort built on a swamp in a backwater town with a view of a black water bayou that's an hour from the nearest Gulf beach? Yeah who could have possibly seen that coming?

They originally planned on having a large casino included. When local politcs turned and made that no longer an option the project was DOA but Maury's and JR's pride kept it going. Now they can reap the losses.

If only someone could have seen this coming and warned them.
Come on bro!!! Endless supply of Gator meat! Crocodile Dundee would invest LOL
Captainbfv is offline  
Related Topics
Thread
Thread Starter
Forum
Replies
Last Post
fanaticalflyer
United
93
05-01-2018 08:13 PM
Past V1
Major
79
10-17-2008 07:34 PM
Sir James
Major
0
03-19-2005 12:46 PM
RockBottom
Major
0
03-10-2005 10:55 AM
SWAjet
Major
0
02-25-2005 09:08 AM

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices