Tuesday, 14 August, 2018

Are you concerned about Allegiant Air's safety record?

CBS News CBS News
Russell Knight | 17 April, 2018, 01:33

Reporters looked at safety records filed with the Federal Aviation Administration.

They say that the airline serves smaller airports that are often not well served by major carriers and that it offers the low fares that are likely to keep customers booking flights. The company's revenue for the quarter was up 12.7% on a year-over-year basis. sell-side analysts predict that Allegiant Air will post 10.82 EPS for the current year. However, Allegiant has the right to leave with a 90-day notice, as is standard in the airline industry. In 2015, in the middle of a contract dispute, Allegiant pilots cited worries about safety, much of them centering on the aging fleet of MD-80 jets the airline operates.

The FAA also reported a sharp decline over the past three years in the number of issues experienced by Allegiant flights. This unoriginal and outdated story bears no resemblance to Allegiant's operations today, and shows a fundamental misunderstanding of FAA compliance practice and history.

In the memo, Allegiant blamed the report on a "terminated employee" who is "currently engaged in a lawsuit seeking money damages against the company". It focused primarily on events of several years past, prior to the FAA's most recent comprehensive audit of Allegiant Air, which revealed no systemic or regulatory deficiencies.

According to its website, Allegiant Air has nearly 130 flights to and from destinations in the United States and Puerto Rico. For example, the show's star interviewee, John Goglia, is not an un-biased commentator; he is a paid expert working for a former Allegiant pilot who has sued Allegiant. This one-sided presentation falls far short of responsible journalistic standards expected from reputable outlets, including 60 Minutes.

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"As it relates to operating Concord-Padgett Regional Airport, the City of Concord must meet FAA and TSA requirements for security and safety, and works closely with Allegiant and many other agencies to plan and prepare for potential responses to emergency situations".

Shares of Allegiant Travel Company (NASDAQ:ALGT) declined 9%, ahead of 60 Minutes piece on the company's alleged high record of in-flight breakdowns.

Syth has a neutral rating on the stock but said she believes the sell-off in shares associated with the report was not justified. "There were no frills, but for the price of the tickets, we didn't expect any".

"Allegiant's team members safely operate thousands of flights each week, which will transport more than 14 million passengers this year".

"The story is outdated, bears no resemblances to the Allegiant I know, and shows a real and troubling misunderstanding of the FAA's rigorous oversight of Allegiant and all US airlines, which is truly the worldwide gold standard in transportation safety", Allegiant vice president of operations Eric Gust said in the statement. We have safely carried almost 90 million passengers since beginning operations in 2001.

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