Allegiant Air Announces Major Flight Reductions Due to High Fuel Prices.Business Editors/High-Tech Writers FRESNO, Calif.--(BUSINESS WIRE)--Dec. 7, 2000 Allegiant Air Allegiant Air is an American low fare airline, owned by Allegiant Travel Co. (NASDAQ: ALGT), headquartered in Las Vegas, Nevada, USA. The airline operates scheduled and charter flights from focus cities at Las Vegas' McCarran International Airport, Orlando Sanford , an all-jet air carrier providing scheduled and charter operations in the West, today announced that skyrocketing jet fuel prices has led to the suspension of service to four cities on its route network effective December 8, 2000. The airline said that it is continuing service between Fresno and Las Vegas Las Vegas (läs vā`gəs), city (1990 pop. 258,295), seat of Clark co., S Nev.; inc. 1911. It is the largest city in Nevada and the center of one of the fastest-growing urban areas in the United States. , its most productive scheduled route, and will continue its charter operations. The airline said it has suspended sus·pend v. sus·pend·ed, sus·pend·ing, sus·pends v.tr. 1. To bar for a period from a privilege, office, or position, usually as a punishment: suspend a student from school. scheduled flight scheduled flight schedule n → vol régulier scheduled flight schedule n → Linienflug m operations to Long Beach and South Lake Tahoe in California; Reno, Nevada; and Portland, Oregon because continuation of service on those routes is not economical in the current operating environment In computing, an operating environment is the environment in which users run programs, whether in a command line interface, such as in MS-DOS or the Unix shell, or in a graphical user interface, such as in the Macintosh operating system. . Allegiant Air said it has seen jet fuel prices climb from 80 cents a gallon one year ago to current prices at $1.38 a gallon, a 73% year-over-year increase in the airline's single largest expense item. The company said customers with confirmed reservations on affected flights are being contacted by the airline to advise of the flight cancellations and to begin processing refunds. Allegiant Air said that station personnel at the affected airports are being furloughed as a result of the schedule reductions. The company said it continues in good standing with the Department of Transportation and the Federal Aeronautics aeronautics: see aerodynamics; airplane; aviation. Administration as a certificated scheduled air carrier. "We regret it is necessary for Allegiant Air to suspend our scheduled flight operations in the affected markets after our record of superior performance and schedule reliability," said Mitch Allee, Chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . "Despite the best efforts of the company and our people to deliver an outstanding airline product, and the overwhelming support and encouragement from the communities we serve and our customers who have flown with us, this move is the best course of action in the current economic environment. "It is unfortunate that just as Allegiant Air was being recognized for our outstanding operation and ready to move forward with the next phase of our expansion we were hit with these sharply higher fuel prices," said Allee. "We are continuing our Fresno-Las Vegas flights and charter operations with service to our customers and the welfare of our dedicated employees foremost in our minds," Allee said. About the Company Allegiant Air, Inc., founded in 1997, is certificated by the U.S. Department of Transportation as a "scheduled air carrier" with authority to fly scheduled and charter airline operations throughout the U.S. Headquartered in Fresno, California “Fresno” redirects here. For other uses, see Fresno (disambiguation). Fresno is the sixth-largest city in California and the county seat of Fresno County, with an official Census Bureau estimated population of 481,035 as of July 1, 2006. , the privately-held company operates an all jet fleet of four DC-9 aircraft. |
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