17.05.2021 - 18:51 UTC
Allegiant Air (G4, Las Vegas McCarran) parent Allegiant Travel has entered into an underwriting agreement with Barclays Capital and Morgan Stanley relating to the offer, issuance, and sale by the company of 1,552,500 shares of its common stock, it revealed in a stock exchange filing.
The travel and hospitality company issued the shares on May 10 and reaped proceeds amounting to around USD335.1 million, after deducting underwriter discounts and before deducting fees and estimated expenses.
Allegiant Travel had announced the public offering on May 5, when it priced 1,350,000 shares at USD219 per share, for estimated aggregate gross proceeds of USD295.65 million.
The day after announcing the results, Allegiant Air revealed plans on May 11 to hire 184 pilots in the coming months, an increase of nearly 19% on its current roster of about 1,000 pilots. It described the step as part of its “growth strategy to meet increasing demand for air travel.”
The first group of pilots will begin training in July, with classes scheduled to run every few weeks until...
08.04.2021 - 15:06 UTC
Allegiant Air (G4, Las Vegas McCarran) will invest USD75 million to open a new base at the South Terminal of Austin Bergstrom Int'l on November 18, 2021, and station three of its A320-200s and 89 employees at the airport.
The low-cost carrier began operating in Austin – Texas's capital city and world-renowned for live music, events, and cultural arts - in October 2013.
It currently offers 14 nonstop routes to Orlando Sanford and Destin-Fort Walton Beach (Florida); Cincinnati Int'l (Ohio); Memphis Int'l and Knoxville McGhee Tyson (Tennessee); Albuquerque (New Mexico); Pittsburgh Int'l (Pennsylvania); Indianapolis Int'l (Indiana); Des Moines (Iowa); Asheville (North Carolina); Grand Rapids, MI (Michigan); Bozeman (Montana) (new service starting May 27, 2021) and Fayetteville/Springdale, Arkansas (new service beginning July 2, 2021), as well as Las Vegas (Nevada). Since establishing service, it has flown more than 1.1 million passengers through Austin.
Allegiant operates an "out-and-back" network, with exclusively nonstop flights - meaning each day's flying starts and ends...
23.02.2021 - 08:43 UTC
US regional airline Contour Airlines (LF, Tupelo) will continue to serve Oakland from Crescent City after the Border Coast Regional Airport Authority (BCRAA) turned down its proposal to change to Sacramento Int'l to take better advantage of its new interline agreement with American Airlines (AA, Dallas/Fort Worth), local media reports.
The Californian joint powers authority reached its decision after hearing from Contour Airlines Chief Executive Officer Matt Chaifetz, who said the Tennessee-based carrier was not pushing for a change, reports Wild Rivers Outpost.
It also follows a special BCRAA board meeting on February 18, 2021, during which the matter was discussed. According to the agenda notes, Contour Airlines did not advocate either hub and was neutral on whether one should be chosen over the other. The airline had merely presented Sacramento as an alternative option given its interline agreement with American Airlines (AA).
The board discussed that AA currently does not serve Oakland and that there is no ability for Contour's passengers leaving Del Norte County Regional airport to connect...
08.02.2021 - 16:34 UTC
Allegiant Air (G4, Las Vegas McCarran) has announced it will open its base at Des Moines, Iowa, on July 1, 2021, more than a year later than originally planned due to COVID-19.
The low-cost carrier in a statement said it would invest USD50 million in the base and station two of its A320-200s and 66 employees at the airport, including pilots, flight attendants, fleet mechanics, and ground crew. Having locally-based aircraft and crews would open up a wider range of options for new routes and more flexible frequencies, the airline said.
The company began service at Des Moines in 2003. It currently offers 10 non-stop routes from the airport to Orlando Sanford; St. Petersburg/Clearwater; Punta Gorda, FL; Destin-Fort Walton Beach; Sarasota/Bradenton; Nashville Int'l; Phoenix Williams Gateway; Austin Bergstrom Int'l; Los Angeles Int'l; and Las Vegas McCarran.
Des Moines will be Allegiant’s 20th operational base. The carrier’s initial plans to open it in May 2020 were scuppered by the pandemic, as were its...
