Allegiant Pilots Local 2118 Prepare for Vote of No Confidence in Management
Rhea-AI Summary
Allegiant Air (NASDAQ: ALGT) pilots, represented by Teamsters Local 2118, are preparing for a Vote of No Confidence in the company's management and Board of Directors. The decision follows several significant corporate setbacks, including a 50% decline in market value over six months and a $500 million loss on the Sunseeker Resort project.
The pilots criticize management's strategic decisions, citing failures including the shutdown of GMS Racing NASCAR team and investments in "Allegiant Nonstop" entertainment centers. Teamsters General President Sean O'Brien described the management culture as "toxic," while pilots expressed concerns about leadership's spending practices, including the use of private jets for base visits while claiming inability to afford new pilot contracts.
Positive
- None.
Negative
- 50% collapse in company's market value in six months
- $500 million loss on failed Sunseeker Resort project
- Shutdown of GMS Racing NASCAR team
- Wasteful spending on unrelated ventures and private jets
- Vote of No Confidence indicates severe leadership crisis
News Market Reaction 1 Alert
On the day this news was published, ALGT declined 0.20%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
"Contract or not, [Maury] Gallagher and [Greg] Anderson's management team have proven that they don't have what it takes to lead an airline," said Captain Kevn Winter on behalf of Local 2118. "The last several years have been failure after embarrassing failure. If pilots had even
Teamsters General President Sean O'Brien delivered a direct assessment of Allegiant's leadership culture: "[Allegiant] management culture is toxic. It is fueled by arrogance and protected by yes men and women who could never do the pilots' job."
Most recently, Allegiant's leadership has presided over a
"We are doing this to protect the airline and the Allegiant brand that we built," said Captain Tyler Heavey. "This management team seems ready to destroy what we've built because of ego and greed."
One pilot pointed to the company's recent base visits in private jets as the latest sign of misplaced priorities:
"Flying fancy private jets around the country to meet with pilots — just to tell them that you 'can't afford' a new contract is a level of tone-deaf arrogance the industry hasn't seen since Frank Lorenzo's Eastern Airlines disaster in the 1990s.
"A no confidence vote is not something any Union takes lightly," said Greg Unterseher, Trustee of Local 2118. "The pilots believe a change is necessary in the best interest of the airline, its employees, its customers, and its shareholders." The Teamsters emphasize that the upcoming Vote of No Confidence is about more than contract talks — it is a call for new leadership and stronger corporate governance capable of ensuring the airline's long-term stability, safety, and success.
Founded in 1903, the International Brotherhood of Teamsters represents over 1.3 million hardworking people in the
Contact:
Josh Martin, (725) 308-2755
jmartin@apa2118.org
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SOURCE APA Local 2118