We got a Winner at YNG.
Posted on October 30, 2007
Filed Under General
Press Release Today:
Allegiant Travel Co., the Las Vegas-based parent of Allegiant Air, the airline that started passenger service Oct. 25 at Phoenix-Mesa Gateway Airport, reported third-quarter net income of $7 million compared with a loss of $1.2 million in the prior-year period.
Total revenue for the quarter increased by more than 41 percent from $60.9 million to $86.3 million.
The travel company said the profit is primarily the result of increased passengers. Traffic rose from 543,028 riders during third quarter in 2006 to 805,878, an increase of more than 48 percent.
People always bring up the negative things that the Valley has seen over the last decade or so, but I have found something that has been very positive, and something that is actually growing, which can be found right here in Youngstown, OH. That positive thing is Allegiant Air… Okay I will give you this one, they haven’t expanded at YNG since they arrived here in May 2006, but look at the bright side, when you are getting 88%+ loads and are getting people to fly from YNG, instead of PIT-CLE-CAK. Also note that we are getting $1.575 million dollars from the Federal Government, partly due to Allegiant Air’s presence at YNG. [$1 Million for reaching 10,000 passengers in 2006 and $575k from the SCASD program, awarded partly due to the past SCASD award that brought Allegiant to YNG!]
So before you continue to say there is nothing positive in this area, believe it or not we have something positive, and something that will become a dominant carrier in the USA within the next 5 years.
FLY ALLEGIANT, FLY YNG!
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YNG may have a winner but now it needs a low fee magnet.
Notice I didn’t say low-fare like I would normally do. Of course it needs that for sure but RIGHT NOW it appears there is another iron in the fire that is worth noting. It is rising fees at PIT for airlines.
Now can you think of airport in the vicinity that might accept an airline IF said airport OFFERED LOWER FEES? I mention all of this just to give you something to think about from a new angle.
I am not implying here that Southwest would consider YNG but I post it because it is related to the PIT Fee concern that has surfaced.
Southwest Calls PIT’s Fees A Large Concern
http://www.post-gazette.com/pg/07303/829555-28.stm