Allegiant travel expects capacity for april - may 2020 will be down 80 to 90% from same period last year

Allegiant travel co - expect capacity for april - may 2020 will be down 80 to 90 percent from same period last year..allegiant travel co - capacity for march 2020 was down 12.2 percent from march 2019..allegiant travel co - revenue for march 2020 will be approximately 40 to 45 percent lower than march 2019..allegiant travel co - reducing schedule into summer season..allegiant travel co - last week, co applied for payroll support funds to treasury department..allegiant travel co - pursuing government and other financing alternatives..allegiant travel co - current cash burn is estimated to be $2.0 to $2.5 million per day..allegiant travel co - estimate co may realize as much as $320 million in cash outlay reductions to initial 2020 plan.allegiant travel co - renegotiating payment terms and contracts with vendors.allegiant travel co - suspending all non-essential capital expenditures, including but not limited to, sunseeker resort, teesnap and nonstop.allegiant travel co - nearly 700 of co's team-members have volunteered for a 60-day leave, at half pay..allegiant travel co - received unprecedented cancellations, and bookings for future periods are well off prior periods..
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