Allegiant Air is a small, low-priced carrier based in Las Vegas, NV.
Safety experts say the numbers tell another story. The Tampa Bay Times produced a similar expose about Allegiant in 2016.
- Shares of Allegiant Air slid in early trading Monday after a "60 Minutes" report Sunday night about mid-air breakdowns and other safety problems at the airline.
He also said he had just met with passengers arriving from St. Petersburg, Fla., and everyone he talked with was "extremely impressed with their service and pleased to use Allegiant and MidAmerica".
The report notes Allegiant "has some of the lowest fares, the least frills, and the oldest fleet in the business".
The airline plans to retire all its MD-80s by the end of this year.
Allegiant recently added nonstop flights out of the Concord airport to Destin, Fla., to begin in June.
Documents from the FAA showed, on average, the airline was almost three and a half times more likely to have mid-air breakdowns than American, United, Delta, JetBlue and Spirit.
Through the Freedom of Information Act, "60 Minutes" requested more than a year's worth of reports from the FAA regarding Allegiant and seven other airlines.More news: James Comey: 'Even in Private' Trump Won't Criticize Putin
We have also not heard back from the FAA for comment.
Allegiant vice president Eric Gust responded to the report, saying it was an "irresponsible, grossly misleading story".
"To suggest that Allegiant would engage in the practice of asking team members to violate company and regulatory obligations is offensive and defamatory", he said. "And we've seen some problems with the contractors that they've used". One case involved a former pilot who was sacked after making an emergency landing after smoke filled the cabin. Bank of America upgraded Allegiant Air from a "neutral" rating to a "buy" rating and set a $145.00 target price for the company in a research report on Tuesday, January 9th. That pilot, Jason Kinzer, claims that he was wrongfully terminated after an evacuation. They also claim the story gained traction due to a disgruntled employee now locked in a lawsuit battle with the airline. Gallagher was a founder, director and executive at ValuJet. However, despite the frequency of the incidents, Kroft notes that Allegiant has never experienced a fatal accident.
Allegiant may have some cause to believe it can weather the storm, however. As of February 2, it operated 37 McDonnell-Douglas MD-80 planes and 53 Airbus A319 and A320 jets.
In other Allegiant Air news, SVP Gregory Clark Anderson sold 1,650 shares of the stock in a transaction on Tuesday, March 13th.
"Allegiant Air has experienced issues in the past, like any growing airline, but has worked to correct them". "They do very well and are successful".
Since the 1990s, the FAA has stressed voluntary reporting of potential safety issues before taking punitive enforcement actions.
"The traveling public deserves to know whether the FAA is conducting thorough safety oversight of Allegiant", Nelson wrote. He called the report's conclusion "reasonable", but said the airline is safe, otherwise the FAA would shut it down.