Allegiant Defies Travel Collapse, Weighs Used Airbus Jets
- Airline is optimistic about 2021 profit as it cuts cash burn
- Carrier sees U.S. leisure travel demand rising into holidays
Photographer: Daniel Slim/AFP via Getty Images
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Allegiant Airlines is weighing purchases of used Airbus SE planes as soon as early 2021, bucking an unprecedented travel collapse that has gutted demand for jetliners.
The carrier has been “inundated” with calls from airlines and aircraft lessors seeking to sell planes at deep discounts as they contend with the coronavirus pandemic, said Allegiant Chief Financial Officer Greg Anderson. The company would consider jet deals in “onesies and twosies” but would look at something larger if demand continues to grow “and we don’t go backwards,” he said.