Allegiant Air Had More Than 100 Big Problems in 2 Years

- Shares of Allegiant Air slid in early trading Monday after a "60 Minutes" report Sunday night about mid-air breakdowns and other safety problems at the airline.

Allegiant Air has made flying out of Phoenix-Mesa Gateway Airport affordable, but could those low fares come at a cost? "Know we are prepared to fight back against '60 Minutes,"' the memo reads. FAA officials told 60 Minutes the issues highlighted in the report had been addressed and fixed.

It's unclear who employee Allegiant is referring to.

The employee was not identified, but CBS reports it may be Captain Jason Kinzer, who was sacked in 2015 six weeks after he turned a plane around due to smoke in the cabin.

Neither DeNardi and Syth have ever flown the airline, though both said they would have no reservations doing so. CBS stands by its reporting and said the 2015 incident is "just one of the incidents detailed in the report". The people, however, through social media have shown their active participation and have given their views too for the Air Allegiant that they won't be travelling in that aircraft.

More than 100 serious mechanical incidents were reported to the Federal Aviation Administration during a less than two-year period ending last October, according to the report.

For personal guess ROI is usually expressed as a percentage and is typically used for taking any financial decisions, for the objective 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%.

Users on social media were shocked by the report. "There were no frills, but for the price of the tickets, we didn't expect any". The violation of those obligations would trigger not only punitive action from Allegiant, but could also result in enforcement action from regulatory agencies, loss of a certification, and even criminal charges.

"CBS produced a one-sided narrative by cherry-picking interviews and ignoring publicly-available facts". Allegiant thought the evacuation was unnecessary and fired the pilot six weeks later.

According to its website, Allegiant Air has nearly 130 flights to and from destinations in the United States and Puerto Rico.

Payne says in relation to operating the airline at Concord-Padgett Regional Airport, the city must meet FAA and TSA requirements for security and safety, and that it works closely with Allegiant to plan and prepare for potential responses to emergency situations.

Word regarding flight issues didn't take long to reach Allegiant passengers. We have safely carried almost 90 million passengers since beginning operations in 2001.

Allegiant responded sharply to the 60 Minutes report today, arguing that it was based on dated information and does not reflect the company's ongoing replacement of its older jets.

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

(Copyright © 2015. All Rights Reserved.)
 
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