Latest news with #GregoryAnderson
Yahoo
07-05-2025
- Business
- Yahoo
Allegiant Travel Co (ALGT) Q1 2025 Earnings Call Highlights: Strong Financial Performance Amid ...
Economic uncertainty has impacted consumer confidence and discretionary spending, leading to a need for capacity adjustments, particularly during off-peak periods. The introduction of the Boeing MAX aircraft has been successful, with the fleet outperforming operational and financial expectations, contributing to a 35% EBITDA advantage per aircraft compared to the A320 fleet. For the complete transcript of the earnings call, please refer to the full earnings call transcript . EBITDA: $121 million, 25% higher than the first quarter of 2024, with an EBITDA margin of 18.1%. Story Continues Q & A Highlights Q: Could you speak to the margin trajectory for the rest of the year, especially considering the variability in the back half of last year? A: Gregory Anderson, President of Allegiant Travel Co, explained that while they are not providing full-year guidance, the focus remains on optimizing margins. The third quarter is typically the softest, but they aim to improve it by managing capacity and costs aggressively. The fourth quarter last year saw a 13% margin, and they aim to continue optimizing margins throughout the year. Q: Can you provide an update on the Sunseeker Resort process and the mix of revenue from room versus out-of-room spend? A: Gregory Anderson stated that the process for the Sunseeker Resort remains on track for a transaction by summer. Micah Richins, President of Sunseeker Resorts, added that 70% of food and beverage revenue comes from hotel guests, with 30% from locals. The sustainability of earnings is tied to group business, which doubled compared to the previous year. Q: What is the underlying fuel cost assumption, and what is the expected capacity growth for the year? A: Robert Neal, CFO, stated that the fuel cost assumption is $2.40 per gallon. Drew Wells, Chief Commercial Officer, mentioned that the expected capacity growth for the year is around 13%, with flexibility to adjust based on demand. Q: Can you provide more color on the recent demand stabilization and improvement trends? A: Drew Wells noted that there has been a recent uptick in demand over the past week, with improvements seen broadly across regions. However, the second quarter is expected to face more year-over-year pressure on TRASM compared to the first quarter. Q: How is the Boeing MAX fleet performing operationally and financially compared to expectations? A: Gregory Anderson highlighted that the Boeing MAX fleet is outperforming expectations, with a 35% EBITDA advantage per aircraft compared to the A320 fleet. Operationally, the dispatch reliability is above the system average, and the financial performance is strong, although it's still early in the fleet's deployment. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus.
Yahoo
09-04-2025
- General
- Yahoo
Army to recode 20,000 parachutist jobs in major airborne restructuring
The Army will recode nearly 20,000 paid parachutist positions in a major restructuring of its airborne forces aimed at improving readiness, service officials said. The recoding means the positions will remain airborne billets, but soldiers will no longer be required to maintain jump status or receive jump pay. Over a five-month period beginning last September, two dozen Army organizations met to examine the service's requirements for airborne operations and training, Lt. Gen. Gregory Anderson, head of the 18th Airborne Corps, told Army Times. 18th Airborne at the center of major Pacific exercise for the first time Since 2006, the Army has kept 56,756 paid parachutist positions on its rolls, Anderson said. For reference, the entire force of Army parachutists that jumped into Normandy during World War II was 13,000 troops. In recent years, limited aircraft availability, especially C-17s and C-130s, has contributed to an overall 'decline in collective airborne proficiency,' Anderson said. As a result, assets used to maintain the jump status of the more than 56,000 positions has come at the expense of keeping the assault force — the combat troops in immediate response missions — at a high level of readiness, the three-star said. 'We started to assume risk with the high-end forces that have to be ready to go tonight,' Anderson said. 'This is not about saving money; it's about getting readiness to where we need it.' Below are the parachutist position recodings by command; these figures are estimates by the U.S. Army and are not yet finalized: 9,000 – Army Special Operations Command 3,600 – Army National Guard 3,500 – Army Forces Command 1,900 – Army Reserve 1,000 – Army Pacific 850 – Army Europe and Africa Currently, to maintain jump status, a parachutist must jump four times each year. 'What ends up happening we take fewer aircraft, same jump requirements and units doing everything they can to achieve basic airborne currency,' Anderson said. 'In many cases, they were not meeting even currency.' The Pentagon requires the Army to produce 15,000 parachutists at the ready at any time. As the organizations analyzed this requirement, training needs and the demands of maintaining the force from riggers to jumpmasters, they had to ask tough questions, Anderson said. 'Are support battalions going to jump into a combat situation with the assault echelon?' Anderson said. 'Or would they come in later some other way?' Army Chief of Staff Gen. Randy George told Army Times in an email statement that the adjustments will prioritize training and resources where they are needed most. 'Too many positions were allocated outside the direct combat force. This was a drain on resources and we're fixing it.' Soldiers in the affected billets will still be airborne trained and if they transfer into an assault position, they will be retrained with a refresher course and put on paid jump status, Anderson said. 'These decisions help make our paratroopers more proficient by concentrating on those who could be jumping into combat,' George said.
