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Allegiant Announces Additional Operational Measures To Address Impact Of COVID-19 Pandemic
Air Service Capacity Cut for April and May, New Bases Delayed LAS VEGAS, April 14, 2020 /PRNewswire/ -- As demand for travel across the United States
About this update from Allegiant Travel Company
[{"type":"text","content":"Air Service Capacity Cut for April and May, New Bases Delayed\n\n\nLAS VEGAS, April 14, 2020 /PRNewswire/ -- As demand for travel across the United States continues to drop in the wake of the COVID-19 pandemic, Allegiant Travel Company (NASDAQ: ALGT) has undertaken additional measures to address the impact of the outbreak, protect health and safety, and ensure a solid foundation for future operations.\n\n \n \n \n \n \n \n\n \n\"The outbreak of Coronavirus is having an impact the likes of which we've never seen in the travel industry. Even as a domestic carrier, to have zero demand across almost every community we serve is truly unsettling,\" said Maurice J. Gallagher, Jr., Allegiant chairman and CEO. \"With the situation changing daily, we are taking proactive steps to ensure operations continue, protect the livelihoods of our team members, and put us in the best possible position to serve our customers when demand for travel returns.\"\nIn the face of the unprecedented downturn in leisure travel, Allegiant is withdrawing its 2020 full-year guidance. As reported in a filing with the Securities and Exchange Commission on April 7, the company anticipates revenue for March 2020 to be 40 to 45 percent lower than the previous year. The company has received and is reviewing term sheets for the federal Payroll Support Grant program and loan assistance under the CARES Act, in addition to exploring other financing alternatives. \nAllegiant anticipates reducing airline capacity by 80 to 90 percent during April and May, with additional schedule reductions to come for the summer travel season. Two new aircraft bases scheduled to open in 2020 at Des Moines International Airport (DSM) in Iowa and Concord-Padgett International Airport in North Carolina will be delayed. The airline will also delay its announced start of service from William P. Hobby Airport (HOU) in Houston and Boston-Logan International Airport (BOS). \nIn addition, to assist customers in accessing information about Allegiant's onboard and in-terminal health and safety measures, the company this week launched an online resource page, Going the Distance for Health and SafetyTM , highlighting cleaning and disinfection, air purity, low-touch service initiatives aimed at preventing cross-contamination, and social distancing efforts. \nOn March 18, the company announced a number o...