Allegiant Air sees starting commercial service at Paine Field by the fall
Allegiant Air, a discount carrier that serves Bellingham and other cities in Washington, and which started the studies for commercial aviation service for Paine Field in Everett (WA), said it sees starting air service at Paine Field this fall. “We’re in negotiations now. The first opportunity is in the fall,” says Jude Bricker, VP of Allegiant, who made the announcement at the PNAA conference.
- Allegiant serves a half dozen cities from Bellingham, including Phoenix, Las Vegas and two cities in Hawaii with 15 flights a week.
- I am as bullish today about the business as ever. Will see real rationalization come to the space. Capacity will be rationalized. There is more ability to pass on higher costs.
- Allegiant serves about 200 markets. Scheduling is done for price. Thursday into Vegas, Sunday out. We don’t fly anything on Tuesday.
- We unbundle product because people who fly Allegiant are extremely elastic as to fares.
- $1.5bn market cap at $78 stock price.
- We schedule by week, by market. We always ask ourselves, what is the least crappy thing we can do with this airplane?
- Roughly we don’t make any money on air fares. We would lose money selling only fares. Ancillary revenue is the profit base.