Allegiant Air shares nosedive on '60 Minutes' report on safety concerns

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In addition, Gust alleges that the 60 Minutes report was "instigated" by an ex-employee that is trying to extract money from Allegiant. No other details of that employee are reported and the entire scenerepresented by the Allegiant seems unclear.

An engine caught on fire mid-flight during one incident, while in another, hazardous hydraulic fluid dubbed Skydrol 4 filled a cabin still full of passengers.

But the MidAmerica Airport director said Allegiant's reported incidents are rare.

Former National Transport Safety Board member John Goglia also revealed that Allegiant's 60 unscheduled landings and 46 in-flight emergencies were alarming considering the size of the airline. The people, however, through social media have shown their active participation and have given their views too for the Air Allegiant that they won't be travelling in that aircraft. In response to one comment, Allegiant wrote "we'd like to share our concerns about the story with you".

The report showed the Las Vegas-based airline experienced more than 100 serious mechanical incidents between January 2016 and October 2017.

The story highlights how Allegiant's problems come from the confluence of its aggressive business model and a safety culture aviation experts find to be lagging.

Annetta Ribken, a writer from Moscow Mills, Missouri, flew with Allegiant last July from MidAmerica to Las Vegas.

Users on social media were shocked by the report.

"My husband has flown Allegiant many times and said he had never had a problem, but I was still nervous after reading all the material slamming Allegiant for their safety record", Ribken said. However, after the airing and in the internal memo, the airline responded that the segment was a "false narrative". The violation of those obligations would trigger not only punitive action from Allegiant, but could also result in enforcement action from regulatory agencies, loss of a certification, and even criminal charges.

The pilot involved in that incident is suing the airline for wrongful termination. Allegiant thought the evacuation was unnecessary and fired the pilot six weeks later. (See Defendants' Revised Motion for Summary Judgment, Eighth Judicial District Court, Clark County, NV, Case No. A-15-727524-C.) Surprisingly, the 60 Minutes presentation of Mr. Kinzer's case omits this publicly-available side of the story.

Some of the analysts who follow the stock said they agreed with the airline that the report overstated the extent of the problems. Allegiant says it operates at the "highest safety standards".

Syth has a neutral rating on the stock but said she believes the sell-off in shares associated with the report was not justified.

Since that time, Miller said, the budget carrier has flown nearly 4,000 flights out of HIA, carrying nearly 600,000 passengers, and "I'm not aware of any major issues on any flights to or from here".

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