Allegiant Fights Back Against 60 Minutes Segment

Allegiant Fights Back Against 60 Minutes Segment

Allegiant Air has a twelve month low of $111.54 and a twelve month high of $181.45.

The Federal Aviation Administration said all of the incidents from 2016 to late 2017 have since been addressed, according to the Tampa Bay Times.

A recent "60 Minutes" report has raised some questions about the safety of Allegiant Air flights.

"The number of inflight incidents that Allegiant has had speaks volumes, it is simply unacceptable", Alan Price, a former chief pilot for Delta Air Lines, told The Associated Press. Investors, however, fear that the negative publicity will cause travelers to avoid Allegiant, which has a fleet including many older planes that typically require more maintenance.

The airline plans to retire all its MD-80s by the end of this year.

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 airline has just 99 planes, yet experienced 25 engine failures or malfunctions in two years, and its planes are three and a half times more likely than those of other carriers to experience "serious in-flight mechanical failures", per the report.

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Allegiant also claims a terminated employee involved in a lawsuit instigated the 60 Minutes report. Some also received a comment from Allegiant indicating officials would be willing to discuss any concerns in a private forum. He said the airline complies with all FAA requirements, and that any suggestion the airline muzzled employees "is offensive and defamatory". "And we've seen some problems with the contractors that they've used".

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. The pilot is now suing the airline, and one of his paid experts was featured prominently in the "60 Minutes" broadcast.

Allegiant Airlines denies that it is less safe than other airlines, and says safety is its top priority (Read full statement below). Gallagher was a founder, director and executive at ValuJet.

Airlines are frequently the subject of bad publicity, often around poor customer service.

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%.

"My husband has flown Allegiant many times and said he had never had a problem, but I was still nervous after reading all the material slamming Allegiant for their safety record", Ribken said. "We'd be surprised if there isn't an impact to bookings in the nearish term".

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