Allegiant Air under fire following '60 Minutes' safety report

Allegiant plane in the air

Shares of the budget airline were down sharply in pre-market trading

It says Allegiant had more than 40 in-flight emergencies or unscheduled landings in 2016, and is nearly four times more likely to experience a mid-flight breakdown than Delta, United or American airlines.

"The story is outdated, bears no resemblances to the Allegiant I know, and shows a real and troubling misunderstanding of the FAA's rigorous oversight of Allegiant and all US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.

In a memo to employees, CEO Maurice Gallagher and other executives said they were ready "to fight back" against the network.

Last July, 10 Allegiant planes had to make unscheduled landings, "60 Minutes" reported.

Investors fear that negative publicity will drive travelers away from Allegiant.

Shares of parent company Allegiant Travel Co. slid 4.6 percent in early trading.

Airlines are frequently the subject of bad publicity, often around poor customer service. However, despite the frequency of the incidents, Kroft notes that Allegiant has never experienced a fatal accident.

"The Teamsters Airline Division will continue to work with our members and Allegiant to ensure their safety and the safety of the flying public".

IPL 2018 | All-round Knight Riders outclass Daredevils in Eden Gardens
Glenn Maxwell (47 from 22 balls) and Rishabh Pant (43 from 26) kept Delhi in the hunt in a 62-run partnership from 32 balls. The KKR batsmen gave a fantastic performance with their magical bat and crushed the Gautam Gambhir Delhi Daredevils .

Competitive Gamer Billy Mitchell Responds To His World Records Being Stripped Off
Throughout Twin Galaxies' review process, Mitchell held his tongue even though he had the opportunity to defend himself. The Guinness World Records organization quickly followed suit, but Mitchell isn't stepping down quietly.

Domino's Pizza, Inc. (DPZ) Director Greg Trojan Sells 2500 Shares
This repurchase authorization authorizes the restaurant operator to reacquire shares of its stock through open market purchases. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock.

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the goal of comparing a Allegiant Travel Company (NASDAQ:ALGT)'s profitability or to compare the efficiency of different investments, hence, ALGT return on investment (ROI) is 8.90%. It also has limited competition on many of its routes.

Allegiant buys used planes to keep costs down. As of February 2, it operated 37 McDonnell-Douglas MD-80 planes and 53 Airbus A319 and A320 jets. In the years following, the airline replaced its entire fleet of aircraft at the St. Pete-Clearwater International Airport with Airbus models.

COPYRIGHT VIOLATION NOTICE: "Somewhat Favorable News Coverage Somewhat Unlikely to Impact Allegiant Air (ALGT) Stock Price" was originally published by The Lincolnian Online and is owned by of The Lincolnian Online.

"In July 2016, the Allegiant pilots ratified their first union contract with the company".

Others commented on our Facebook post with mixed reviews. "The City of Concord is not in a position to speak to the safety practices and operations of Allegiant or other carriers, other than all the airlines must meet FAA requirements".

Since the 1990s, the FAA has stressed voluntary reporting of potential safety issues before taking punitive enforcement actions.

"The FAA has conducted ongoing evaluations of Allegiant's safety compliance, as it does with all carriers, and has not identified any significant or systemic problems with the carrier's current operation", FAA Associate Administrator Ali Bahrami wrote.

Latest News