..

Allegiant Air Flights to Las Vegas not all They’re Cracked up to be

Written by:
Aaron Goldstein
Published on:
May/29/2011
Allegiant Air Flights to Las Vegas

With one of its key focus cities being Las Vegas, Allegiant Air claims that flights to Sin City from certain markets are not making money for the airline, even if the airplane is completely full.

Case in point, Pueblo, Colorado. 

The Chieftain newspaper noted:

AllegiantAir's twice-a-week flights from Pueblo to Las Vegas are nearly full each trip, but those customers  aren't ordering the rental cars, hotel rooms and entertainment packages that are the airline's real source of profit

Dave Cardinal, from the city's Airport Advisory Committee, briefed council that he'd met with Allegiant senior executives and was told that the Pueblo-to-Las Vegas flights are not producing the money the airline wants — especially if Allegiant is expected to expand its Pueblo air service to Phoenix as well.

Cardinal said Allegiant actually loses money on its per passenger costs on each flight, but expects to make money on the commissions it gets for linking passengers to hotel rooms, car rentals and Las Vegas shows. A visit to the airline's website illustrates all of the other services it sells.

Allegiant is more of a travel company than it is an airline.  It relies heavily on package deals in order to offset the low cost fares.

Mark Lovin, the city's airport manager, said the city will need to do a beterjob in marketing to make it profitable for Allegiant to serve Pueblo.

- Aaron Goldstein, Gambling911.com

Business/Financial News

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's Top Regulators Ban Crypto Trading and Mining, Sending Bitcoin Tumbling

China's most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon Ducks Star Kayvon Thibodeaux Launches Own Cryptocurrency

Oregon defensive end Kayvon Thibodeaux announced Thursday the launch of his own cryptocurrency.  The news comes following changes to the NCAA's name, image and likeness rules made in July.

Businesses That Have Survived Rough Times

Businesses That Have Survived Rough Times

If you have an online iGaming project and you also want to expand it with sports betting, then it’s important to have high-functioning sportsbook software. Well, the aim of any gambling or betting site is to attract as many players as possible by providing them the best experience possible.

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin Site Goes Dark After Apparent Hacking

Bitcoin.org, the website that was once the main landing portal for all things Bitcoin, today suffered an embarrassing hack that has already cost naive BTC users money.

Bitcoin, Ether Slump as Market Selloff Widens

Bitcoin, Ether Slump as Market Selloff Widens

Cryptocurrency prices sank on Monday as concerns over the spillover risk to the global economy from Chinese property group Evergrande's (3333.HK) troubles spread across financial markets.

Syndicate