Maury Gallagher is back in charge of Allegiant Travel Company.
Gallagher, who is also Allegiant’s board chairman and one of the company’s largest shareholders, stepped down as CEO in June 2022. He has now resumed that role following the sudden resignation of successor John Redmond on Sept. 28.
Allegiant did not provide a reason for Redmond’s departure in the resignation announcement. Greg Anderson remains as president.
“We have built a management team headed by Greg Anderson, president, and many other talented and dedicated executives that is among the best in the industry,” Gallagher said in a prepared statement. “This team is well positioned to lead the company as we continue to set the standard for the U.S. leisure travel sector.”
During his previous 21 years atop the company, Gallagher built Allegiant Air from one aircraft into the third largest ultralow-cost U.S. carrier. The fleet had grown to 126 planes by the end of June.
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Gallagher also oversaw the launch of the company’s first hotel project, the Sunseeker Resort in Port Charlotte, Fla.
After years of delay, most recently due to impact from last year’s Hurricane Ian, the 785-room Sunseeker is slated for a late fall opening.
Allegiant reported net income of $144.6 million for the first six months of this year, with a strong operating margin for Allegiant Air of 16.9%.
Gallagher will be paid a base salary of $750,000, Allegiant reported in a regulatory filing Monday. He’ll also receive a bonus of $750,000 in February 2024 for his work as CEO and executive chairman this year.
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