weather icon Clear

Allegiant Air’s executive compensation saw big drops in 2017

Allegiant Air’s top executives had big drops in compensation last year amid lower profits, a new filing shows.

Maurice “Maury” Gallagher, chairman and CEO of parent Allegiant Travel Co., received about $2.3 million in compensation last year, down 35 percent from 2016, according to a filing Thursday with the Securities and Exchange Commission.

Allegiant President John Redmond received around $1.86 million in compensation, down 82 percent.

Scott Sheldon, the Las Vegas-based airline’s chief operating and financial officer, received $1.9 million, down 37 percent, and chief information officer Scott Allard received $304,744, down 90 percent.

Greg Anderson, Allegiant’s principal accounting officer, was the only executive whose pay was listed in the SEC filing as an increase. He received about $1.2 million in compensation, up 83.5 percent.

Allegiant, a deep-discount carrier, is known for flying from small, underserved cities to warm-weather vacation spots. Annual profits fell 11 percent last year, to almost $195 million, and compensation dropped even further for the top brass due to smaller bonuses and stock awards.

Gallagher, who is Allegiant’s largest shareholder and doesn’t take a base salary, had a $1.5 million bonus last year, down from $2.85 million in 2016.

Redmond, a former casino executive who also doesn’t take a base salary, received no bonus last year and $1.75 million in stock awards, compared to a $250,000 bonus and $9.4 million in stock awards in 2016.

Sheldon had around $800,000 in stock awards last year, down from $2.1 million in 2016, and Allard received a $7,956 bonus and no stock awards last year, compared with a $719,818 bonus and $2.1 million in stock awards in 2016.

Contact Eli Segall at esegall@reviewjournal.com or 702-383-0342. Follow @eli_segall on Twitter.

Best Cyber Monday deals on TVs, sound bars and streaming sticks

If your holiday shopping list includes friends or family who binge-watch a lot of TV, then this is the Cyber Monday for you. A number of major retailers are offering Cyber Monday deals on televisions as well as streaming accessories like soundbars and streaming sticks.

Jack Dorsey steps down as Twitter CEO

Twitter co-founder Jack Dorsey has stepped down as CEO of the social media platform. He has been succeeded by Twitter’s current chief technology officer, Parag Agrawal.

More apartments coming to southwest Las Vegas

Southern California real estate firms Lyon Living and LandSpire Group recently started construction on a 294-unit rental complex at The Gramercy in the southwest valley.

Social Security, wage hikes and SNAP could alleviate inflation

With inflation expected to keep rising into the new year, Americans can use all the financial help they can get in 2022. Fortunately, some will get a boost in income.