LAS VEGAS, NV -- (Marketwired) -- 07/28/16 --
(NASDAQ: ALGT) today announced that pilots represented by the International Brotherhood of Teamsters (IBT) have voted to ratify their first contract agreement with the Company. Allegiant and IBT have been negotiating in mediated sessions with the National Mediation Board since February 2014.
"Having the first contract agreement with our pilots is an important milestone, and opens a new chapter for Allegiant," said Maury Gallagher, chairman and chief executive officer. "It is a good deal for our pilots while supporting our unique business model and ensuring a bright future working together on behalf of our customers."
"This contract represents years of hard work at the negotiation table, and we would like to thank IBT, the National Mediation board and all who have been involved," said Jude Bricker, chief operating officer. "Their efforts have brought us to an agreement that improves the lives of pilots, makes Allegiant highly competitive across the industry for wages and benefits and puts us in a strong position to move forward together."
The contract goes into effect August 1, 2016 for a five-year term.
Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/YFuyb.
Allegiant Media Contact
Source: Allegiant Travel Company