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Wednesday Roundup: Delta Walkin’ In Memphis; Allegiant Profile; Is Fastjet Already Screwed?

Sorry about the roundups the week – I’m traveling today and it’s been a bit nuts. In any case:

– The Wall St Journal has a really interesting article about Allegiant, which is just a butt-kicking juggernaut (if you don’t subscribe, go Google “From Toledo to Profitability” and you can get to the article from there for free. Most insightful tidbit: it has competition on only 17 of its 203 routes. Virgin America (which is slightly larger and probably hopeless), has competition on all of its 35 routes.

– Delta is going to shrink Memphis down to just about nothing at the end of the summer. Northwest ran about 200 daily flights from there during its peak, but the hub’s days were numbered when Delta purchased the airline. It currently runs about 96 daily flights, and will shrink that down to, gulp, 60. More than 200 jobs will be eliminated.

– The auditors of Fastjet, which is hoping to be Africa’s first successful lowfare carrier, have expressed concern about the financial state of the airline. It is considering selling its stakes in its Tanzania and Ghana operations to cut losses and raise capital.

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