Allegiant Travel modifies earnings report's format


Leave it to Allegiant Travel Co. to figure out ways to shrink what’s included in the base package.

Typically, corporate earnings conference calls with Wall Street analysts begin with executives reading scripts about the previous quarter, often in monotones and reciting a parade of numbers already packed into the release. This usually takes 15 to 20 minutes out of the hour allotted for the call.

For the first quarter, Allegiant dispensed with the opening remarks in about five minutes, with that covering mostly future projections, not the past. This created more time for questions, without the usual structures of one question plus one follow-up.

Generally, the Wall Street crowd liked the new format. But will they be quite so enthusiastic if Allegiant decided to start charging for questions, much like passengers pay extra for carry-on bags?

• • •

The latest skirmish between the Ultimate Fighting Championship folks and their sparring partners at the Culinary Workers Union Local 226 came this month when UFC announced a new Web site providing info on the union’s campaign against the UFC.

The Culinary Union, which represents workers in the hotel, food service and gaming industries, has attempted to unionize the employees of Station Casinos, majority-owned by brothers Frank Fertitta III and Lorenzo Fertitta, who are also majority owners of the UFC. The UFC points out that Station Casinos and UFC are completely different legal entities with different sets of minority owners.

The UFC said in a statement: “The UFC has a proud history of supporting positive social and community issues. The continued baseless attacks from the Culinary Union are nothing more than a distraction from their real agenda to force hard-working employees to submit under their leadership. We will take a proactive approach and dispel any falsehood lobbed at the UFC and our partners because remaining a strong community leader is vitally important to us and our future.”

The Web site is TheTruthAboutCulinary226.com.

• • •

Who is considered a high net worth household in Nevada?

By the standards used in their High Net Worth Report for May, The Private Bank at Nevada State Bank draws the line at any household reporting annual income of $200,000 or more.

Those are a precious few in Nevada, when compared to the rest of the country. Only, 3.61 percent, or 35,644 households fall into that category, placing Nevada 22nd in the U.S.

Washington D.C. tops the list at 10.5 percent, while Arkansas is ranked 50th at 1.97 percent. West Virginia is 51st at 1.68 percent.

In Nevada, there are remarkable differences in the concentration of wealthy households from county to county. Although the margins of error for rural counties are large, tiny Esmeralda County had the highest percentage at 6.48 percent, followed by Douglas County with 6.01 percent and Washoe County at 4.14 percent.

Clark County was fourth with 3.69 percent of homes earning more than $200,000.

Do you have a news tip for Intel? Email lcarroll@reviewjournal.com. Be sure to include contact information.

 

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