crxpilot
Waaasssuuuupppppp!!!!!
- Joined
- Nov 26, 2001
- Posts
- 719
That may change come Wednesday when the 4th Quarter financials are announced and we see what the effect of 2 months of outsourced flying has on the bottom line. Yes, Allegiant has been consistently profitable and even squeezed out a small profit when oil was $146/barrel and everyone else was hemorrhaging cash. Times have changed now. Almost all carriers are making boatloads of cash while offering compensation packages that make us look like a laughing stock. Instead of reinvesting that money into the business to create a product that doesn't inspire hate mail from passengers, they dump tens of millions into stock buybacks and dividends to shareholders. I've always admired the niche that we have and I thought that we could make an affordable, reliable product that would all but guarantee our long-term success. Unfortunately, greed has destroyed a once very viable business.
I couldn't have said it better myself!