Allegiant Reports First Quarter 2008 Financial Results

[Thug Life]

Seriously duuuuuude, you came from Pinnacle and Gulf$tream. Give it a rest with the backstabbing.

PCL 128. All this talk from you and you paid for your job at Gulfstream? Talk about the pot calling the kettle black.

 

[chperplt]

PCL 128. All this talk from you and you paid for your job at Gulfstream? Talk about the pot calling the kettle black.

Funny... huh?

 

[Daytonaflyer]

Top Captain rates for 737-700 Captains, highest to lowest:

SWA - $198
ALA - $154
DAL - $154
CAL - $147
AWA - $142
UAL - $133
AAA - $125

Avg - $150/hr
AAI - $153/hr

Looks like we come in above average, even with a 7-year old contract that has been amendable for over three years. Now, I'm not defending our pay rates, as I still think they suck compared to what they should be, but you are completely wrong about our rates being substandard. We have 737 Captains making more than widebody Captains at some of the legacies.

Don't forget to include American Airlines at $163/hr for a 12 year B737 captain.

 

[Daytonaflyer]

Sioux1,
Not sure how you planned this, but how did you arrive at an AAY pilot investing over $46,000 and ending up with only $23,000??? Are you saying that we would actually lose 50% of our money by investing it in a 401K? I'm sure I must be reading that wrong; please explain.

Also, you didn't include the pay difference vs upgrade. I did a simple comparison, kind of like your retirement comparison a couple months ago which showed an AAY pilot should earn approx $170,000 more than a UAL pilot over a 12 year period. Calculate that into the retirement of both airlines and you still come out over $110,000 ahead after 12 years by being at Allegiant and that doesn't include any raises in pay.

 

[PCL_128]

Don't forget to include American Airlines at $163/hr for a 12 year B737 captain.

Those are 737-800s, which we don't fly. If we get them, our payrate is about $10 higher than the legacy carriers flying it.

 

[armani]

Those rates will never be seen again.

 

[FO 4 Life]

Let's be honest about comparing United to Allegiant.

United Airlines was founded in 1926.
Allegiant Airlines was founded in 1997.

Nothing left to say and I don't even work there.

 

[Daytonaflyer]

Wow, I'm gone for 3 days and more misinformation being spread. OK, here it goes...I'll start with the "correct me if I'm wrong" by Daytona flyer

ALPA on the other hand unsucessfully allowed management to lay off thousands of pilots and airport employees without a single payment

Neither of the statments on either side of the "and" are true. 1) Laid off pilots did get some "payments," at least at UAL and 2) UA laid off 2,172 pilots. ALPA is not management and cannot necessarily control what actions management takes when they run the company on behalf of their shareholders, assuming it's legal, of course.

....while simultaneously allowing them to take millions of dollars in wages and retirement funds...

I assume the "them" you refer to is the PBGC? The pensions at UAL were underfunded by ERISA guidelines and were seized by the PBGC. What should ALPA have done to stop the PBGC from seizing our underfunded pensions, or illegally underfunded pensions of any ALPA represented airline? Is ALPA above the law? Did ALPA fail because they didn't try to break the law?

After all this, they also allowed management to take millions of dollars in bonuses.

ALPA doesn't control executive compensation- the company's board does through the compensation committee here at UAL and many other publicly held companies for that matter. You act as if executive compensation is a failure of ALPA. Could you explain to me, keeping in mind UA's corporate governance structure, how ALPA "allowed" management to take millions of dollars in bonuses?

Now ALPA was successful in HELPING cut the equity grab UA management tried when we exited bankruptcy. Is that what you're talking about, because frankly I'm not sure how you think any union can "control" executive compensation at any publicly held company?

You seem to be shooting from the hip in this entire post? I think you depend upon flightinfo.com for your "factual" information, and it shows with posts like this.

ualdriver,
Let me see if I understand this correctly, according to you:

-Under ALPA's representation, management was able to furlough nearly 2200 pilots.

-Under ALPA's representation, UAL pilots lost millions in pension and retirment funds.

-Under ALPA's representation, management successfully cut your pay rates after 9/11 and then again during bankruptcy, while simultaneously awarding themselves millions in bonuses for themselves.

Am I missing something here? What the h*ll is it that ALPA does for you guys again?
Aren't you paying ALPA a thousand dollars a year to prevent stuff like this?

I don't claim to know where you get your information from either, but it seems like you'd be a better fit for gay porn because you're getting screwed from both ends and you keep on begging for more.

 

[sioux1]

Sioux1,
Not sure how you planned this, but how did you arrive at an AAY pilot investing over $46,000 and ending up with only $23,000??? Are you saying that we would actually lose 50% of our money by investing it in a 401K? I'm sure I must be reading that wrong; please explain.

Also, you didn't include the pay difference vs upgrade. I did a simple comparison, kind of like your retirement comparison a couple months ago which showed an AAY pilot should earn approx $170,000 more than a UAL pilot over a 12 year period. Calculate that into the retirement of both airlines and you still come out over $110,000 ahead after 12 years by being at Allegiant and that doesn't include any raises in pay.

Sure. I'm saying you had to put in 46,000 of your own money to get the extra 23,000 (from the company). You would end up with 69,000 total. If you want to compare apples to apples you could say that a UAL guy could contribute 46,000 (no match)into their 401k and they would end up with about 140,000 total. They still get about 94,000 without puting in a dime.

As for pay difference you are right. I came up with 133,860 after 10 years given the same assumptions. (I put the UAL guy on reserve for his first 3 years and reserve CA for year 10, which also adds about 2800 to his retirement over my previous numbers). Of course with any change in upgrade here that changes significantly. You also would have to subtract 46,000 from that for 401k contributions. They would also make about 69,000 in perdiem over those 10 years vs. us making about 11,000. Of course they would spend more on a 4 day trip. Many variables.

As for Desert1, I appreciate all you have done and the fact you want to defend our hard work. Thank you!! And I think if you read my post again you will see that I said we have about 10 hard working guys that are burned out because of all the hard work they have done. There is still much work to be done none the less. Please don't take offense to this. Most of us have not forgotten our history but it shouldn't be thrown in our face every time we suggest we want more. I know very well where we came from.

 

[Desert1]

As for Desert1, I appreciate all you have done and the fact you want to defend our hard work.

I'd like to say thanks Sioux...but as much as I'd like to take credit, I can't. Let's just say I may not be who you think I am. Anonymity has it's benefits/advantages...

Let's leave it at that.

D1