crxpilot

Thats what ... like a $25 million dollar payday? Must be nice.....


Allegiant Travel discloses buyback of CEO's shares • 4:10 PM
Clark Schultz, SA News Editor
Allegiant Travel (NASDAQ:ALGT) discloses that it purchased 200K shares from CEO Maury Gallagher as part of its buyback program.
The sales price was $126.20 per share.

The Juice

Question for Allegiant guys....

I know 2 guys that interviewed there, 1 hired and 1 wasn't. They were both told by mgmt that upgrade is only 4 months. Is there any truth to this? It sounds like a ploy, maybe I'm wrong.

So what's the truth?

Packrat

He earned it.

1. He's kept you guys from getting an industry standard contract.
2. He's kept the certificate in the face of over 30 engine failures.
3. He's kept the stock price up.

"Creating value for our shareholders." Now where have I heard that before?

clippedwings

He's wrong... it's 3 months now.

Xbone

Meanwhile, back at the bargaining table its “Let them eat cake.”


Bare naked greed. It’s our emt’s “Golden Calf”.



Wow, thirty engine failures! Man, I didn’t know it was that many! Could someone more mathematically inclined ratio that out, in comparison to like carriers. I’m sure that number is glaring. ValuJet anyone?

labbats

So I guess when he said he'd be in negotiations today he really meant he'd be cashing in on our sacrifices to the tune of $25 million. He was a no show for negotiations.

Xbone

He be negotiating his stock options right out of the market baby! Ya, that’s what he meant.

And none of us are surprised or disappointed, because it’s the only status quo they will adhere to; stalling and placating.

Xbone

The upgrade does seem to be getting that low. But, be careful what you wish for. The inmates are running the asylum.

dawgdriver

For now, yes. The bigger question is this: WHY?

Why would virtually EVERY First Officer at ALGT (200+) pass up the chance to make captain pay? Because things here ARE THAT BAD.

dawgdriver

Let's assume for moment that this isn't a management or Ford and Harrison plug. Please congratulate your happy friend, if so, but I might wait a while before you do.

I remember my early days at Mesa, too happy in my budding airline career to notice how badly they treated their passengers. It didn't take long to realize that the treatment of workers was going to be even worse. I got tired of the crappy treatment and left for what I thought was a better place. Allegiant seemed great at first until the cool-aid ran dry and we began to see management's underlying motivations and methods. It was jaw-dropping how ruthless the pursuit of profit was and nothing was spared, including people. The point here is that passenger treatment should have been our first clue: they were charged for soft drinks, then checked baggage, then carry-on bags, and now $5 for the paper ticket! It's so bad the DOT had to step in and fine Allegiant for deceitful price advertising policies.

I've come full circle and I am now back at Mesa 2.0, only worse. Today was probably another waste of time at the bargaining table while our fearless leader cashed in $25 million in stock. Two weeks ago it was his president, and former Lorenzo protégé, cashing in $10 million. Hopefully this is a sign they're leaving and will be replaced by people who know how to run an airline instead of an ATM machine. As bad as it was, even Mesa's J.O. might have been better than these guys.

Learn from me. If you are thinking of coming to Allegiant, try the experience as a passenger first. It might be helpful in making a decision.