Xbone

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.

Nobody is surprised mg is a no show. I’m sure we know what the hotline tomorrow will report; No change in the stalling, non-negotiating tactic’s by the company. What’s really annoying is the amount of stock options these two have cashed in recently; Mega-millions. At the same time, some of the more contentious parts of the contract are now being approached. While the company pleads were too poor for your proposals. The timing shows an utter lack of respect

crxpilot

C'mon......he's committed. He's slogging it out in the trenches with the rest of us. He still has 3.6 million shares outstanding......thats approximately worth $450 million dollars for those counting the zeros. That should warm your heart on your next engine failure or Merlot award.
PS. You still have time to enter the cutest pet contest for September.

CLMP

He didn't need the money. This was just a giant middle finger to the employees.

Xbone

That’s the definition of arrogance. I guess the good news is we’re a public company, so the transaction(s) are visible. Spirit at the time of their negotiations did the same thing, but being a private company at the time, could hide more money. We’re too poor for you guys. A statement like that didn’t fly in the face of record profit reporting, and the ceo and president cashing in millions. The mediator can see this. They are also familiar with the same tactics the flight attendants encountered.

Xbone

Dude, you mean I didn’t miss it?!

The Ocho Libre

Good news gang. The Travel Elves are about to announce that the Bestest Cake Contest is coming again soon!

All fence sitters should consider coming here if you can bake a great cake! The prizes are fabulous. All the stress of the safety issues, schedules and work rule violations just melt away when you enter to win an Allegiant Air Cake Baker Trophy. See you at the 2014 Cake Bake Off!

Xbone

Also alleviates all concerns about unchecked, unfettered access to CVR data, to impose any disciplinary measures as seen fit by our Gestapo. Oops, my bad, I mean our “Safety Deparment.”

The Ocho Libre

The 2014 best cake bake represents our core values: look the other way, ignore important safety concerns, blow off work rules, slap employees in the face, then placate and bake a cake!

dawgdriver

For those that don't know, Allegiant management actually deleted integrity as a core value. No joke. Allegiant's only core value is profit, achieved through deceptive marketing schemes, underserved markets, old airplanes, outsourced maintenance, cheap- overworked labor and an almost non-existent infrastructure. Middle-managers are selected based on their zeal to drink the blue juice and fall in lock step with the mantra, they blindly carry the water and question nothing, ever.

The gig is up. Between running out of new revenue ideas (toilet paper next?), extreme incompetence, rising labor costs and market competition, the profit margins will slowly disappear. Our execs are well aware of this and are bailing out. In the last 2 weeks alone they have sold $35 Million.

dawgdriver

Ya gotta hand it to these guys, they've managed to con stakeholders, analysts and employees into believing this scrap-heap is worth $2B. That's right, 'B' as in Billion. Hey, don't build an airline when you can build a fortune, right? Through bait 'n switch and stage props, Allegiant execs have managed to fool Wall Street into believing Allegiant was actually a long term 'going concern'. ALGT owns practically nothing worth value. Crappy old airplanes are being leased back, worthless routes/gates,...zip.

Spreadsheets and quarterly earnings statements don't tell the truth and cause analysts to miss the subtle details like FAA mandated training shutdowns, engine failures (>30), labor unrest (3 unions in 2 years), unsustainable turnover, massive outsourcing of flying and cancellations, etc. Taking away all the smoke and mirrors, one would logically conclude this stage show is in trouble. But like a market bubble, hype and hysteria can drive a stock to ludicrous levels, only to watch it suddenly plummet the minute the scheme is up. By the time the music stops, the snake oil salesmen have packed their wagon and left town.