The government assistance allowed the airline to preserve liquidity and strategically position itself to withstand the uncertainty surrounding the outbreak of COVID-19. Allegiant says its unique 'business model, focused entirely on leisure travel' helped the company cope with the challenges the pandemic brought on. The funds helped Allegiant support the airline's employee salaries and benefits.
"We're so grateful to the federal government and the American people for stepping up and assisting the entire industry when the outlook for the future was so uncertain," said Allegiant's CEO John Redmond. "This loan helped us save jobs at a time when it wasn't clear how the U.S. would emerge from the pandemic. We're thrilled that demand has increased so much in recent months that we were able to fulfil our obligation much earlier than we originally anticipated."