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Second quarter 2026 GAAP loss per share of $(0.21)(1)
Second quarter 2026 adjusted diluted earnings per share of $2.19(2)(3)(4), up 78.0 % year-over-year
* Second quarter outcomes embrace the monetary efficiency of Sun Country solely from and after the date the acquisition closed on May 13, 2026
LAS VEGAS., Aug. 4, 2026 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) as we speak reported the under monetary outcomes for second quarter 2026, in addition to comparisons to the prior 12 months.
“Our record quarterly revenue and strong second-quarter operating margin, achieved despite materially higher fuel costs, demonstrate the strength and resiliency of Allegiant’s business model,” acknowledged Greg Anderson, chief govt officer of Allegiant Travel Company. “Despite a 6.8 % capability discount, standalone Allegiant elevated unit income 24.6 % 12 months over 12 months and expanded adjusted working margin 0.4 share factors to 9.0 %, retaining us on monitor to rank among the many trade leaders in full-year working margin.
“For the mixed firm, adjusted earnings per share of $2.19 have been properly above our steering vary. The upside was supported by sturdy working outcomes and roughly seven weeks of Sun Country earnings following our mid-May shut. We are happy with the tempo of integration and are assured that we’ll obtain a minimal of $140 million in annual run-rate synergies inside three years of shut.
“Commercially, we’re increasing buyer selection by way of Allegiant First, which can debut on choose plane subsequent 12 months; our new distribution settlement with Expedia, which is bringing in new prospects to Allegiant; and our award-winning cobrand bank card, for which financial institution remuneration elevated 23.6 % 12 months over 12 months.
“Looking to the second half of 2026, leisure demand stays sturdy, and we anticipate the mixed firm’s third-quarter unit income development to be roughly consistent with the 24.6 % improve achieved by standalone Allegiant within the second quarter. Given gas volatility, we are going to proceed to trim off-peak flying whereas preserving the peak-period schedule. For the total 12 months we’re introducing combined-company adjusted earnings per share steering of greater than $6.00, reflecting the addition of Sun Country and present gas costs.
“In closing, none of this happens without our team members, and I want to express my gratitude to Team Allegiant and Team Sun Country. We have never been better positioned, and I’m excited to build on this momentum in the quarters ahead as the leading leisure airline in the United States.”
| Summary Results
| |||||
| Consolidated(6) | Three Months Ended June 30, | Percent Change | |||
| (unaudited) (in thousands and thousands, besides per share quantities) | 2026 | 2025 | YoY | ||
| Total working income | $ 943.5 | $ 689.4 | 36.9 % | ||
| Total working expense | 922.4 | 756.9 | 21.9 % | ||
| Operating revenue (loss) | 21.1 | (67.5) | 131.3 % | ||
| Loss earlier than revenue taxes | (5.2) | (88.6) | 94.1 % | ||
| Net loss | (4.9) | (65.2) | 92.5 % | ||
| Diluted loss per share | (0.21) | (3.62) | NM | ||
| Sunseeker particular prices, internet(3) | — | 103.3 | NM | ||
| Airline particular prices(3) | 66.0 | 14.6 | NM | ||
| Adjusted revenue earlier than revenue taxes(2)(3)(4) | 64.5 | 29.4 | 119.4 % | ||
| Adjusted internet revenue(2)(3)(4) | 51.1 | 22.7 | 125.1 % | ||
| Adjusted diluted earnings per share(2)(3)(4) | 2.19 | 1.23 | 78.0 % | ||
| Allegiant Air(7) | Three Months Ended June 30, | Percent Change(5) | |||
| (unaudited) (in thousands and thousands, besides per share quantities) | 2026 | 2025 | YoY | ||
| Allegiant Air working income | $ 776.2 | $ 668.8 | 16.1 % | ||
| Allegiant Air working expense | 746.1 | 625.6 | 19.3 % | ||
| Allegiant Air working revenue | 30.1 | 43.2 | (30.3) % | ||
| Allegiant Air revenue earlier than revenue taxes | 7.8 | 29.7 | (73.7) % | ||
| Allegiant Air particular prices(3) | 39.5 | 14.6 | NM | ||
| Adjusted Allegiant Air working margin(2)(3) | 9.0 % | 8.6 % | 0.4 | ||
| Consolidated(6) | Six Months Ended June 30, | Percent Change | |||
| (unaudited) (in thousands and thousands, besides per share quantities) | 2026 | 2025 | YoY | ||
| Total working income | $ 1,675.9 | $ 1,388.5 | 20.7 % | ||
| Total working expense | 1,573.7 | 1,390.9 | 13.1 % | ||
| Operating revenue (loss) | 102.2 | (2.5) | NM | ||
| Income (loss) earlier than revenue taxes | 60.8 | (46.6) | NM | ||
| Net revenue (loss) | 37.6 | (33.1) | NM | ||
| Diluted earnings (loss) per share | 1.80 | (1.84) | NM | ||
| Sunseeker particular prices, internet(3) | — | 100.4 | NM | ||
| Airline particular prices(3) | 93.7 | 16.0 | NM | ||
| Adjusted revenue earlier than revenue taxes(2)(3)(4) | 158.3 | 73.2 | 116.3 % | ||
| Adjusted internet revenue(2)(3)(4) | 120.7 | 56.2 | 114.8 % | ||
| Adjusted diluted earnings per share(2)(3)(4) | 5.77 | 3.03 | 90.4 % | ||
| Allegiant Air(7) | Six Months Ended June 30, | Percent Change(5) | |||
| (unaudited) (in thousands and thousands, besides per share quantities) | 2026 | 2025 | YoY | ||
| Allegiant Air working income | $ 1,508.6 | $ 1,337.1 | 12.8 % | ||
| Allegiant Air working expense | 1,397.4 | 1,233.1 | 13.3 % | ||
| Allegiant Air working revenue | 111.2 | 104.0 | 6.9 % | ||
| Allegiant Air revenue earlier than revenue taxes | 73.9 | 79.3 | (6.8) % | ||
| Allegiant Air particular prices(3) | 67.3 | 16.0 | NM | ||
| Adjusted Allegiant Air working margin(2)(3) | 11.8 % | 9.0 % | 2.8 | ||
| (1) | Second quarter 2026 GAAP loss per share contains one-time transaction and integration prices associated to the Sun Country transaction. |
| (2) | Denotes a non-GAAP monetary measure. Refer to the Non-GAAP Presentation part inside this doc for additional info and for calculation of per share figures. |
| (3) | In 2026 and 2025, we acknowledged sure bills as particular prices associated to each: (1) Airline actions together with accelerated depreciation on airframes recognized for early retirement, accelerated amortization of software program recognized for redevelopment, prices associated to the Sun Country Airlines acquisition, organizational restructuring, and a credit score loss on a notice receivable, and (2) Sunseeker Resort together with prices associated to the sale of the resort and weather-related damages (internet of recoveries). For an inventory of those prices, see the particular prices desk in Appendix A of this earnings launch. The adjusted numbers on this earnings launch exclude the impact of those particular prices. |
| (4) | In 2026 and 2025, the Company incurred losses on debt extinguishment associated to prepayment of debt services. These are added again, the place acceptable, in our adjusted outcomes. |
| (5) | Except adjusted Allegiant Air-only working margin, which is share level change. |
| (6) | Comparability of consolidated figures to prior 12 months efficiency is considerably impacted by the acquisition of Sun Country as of May 13, 2026, and by the sale of Sunseeker Resort in September 2025, because of which there have been no working revenues or working bills associated to the Sunseeker section after the sale. |
| (7) | In this desk, Allegiant Air figures are introduced excluding Sun Country outcomes for comparability to the prior 12 months. |
| NM Not significant | |
| * Note that quantities might not recalculate resulting from rounding | |
Second Quarter 2026 Results and Highlights
Balance Sheet, Cash and Liquidity
Capital Expenditures
| (1) | Denotes a non-GAAP monetary measure. Refer to the Non-GAAP Presentation part inside this doc for additional info and for calculation of per share figures. |
| (2) | In 2026 and 2025, we acknowledged sure bills as particular prices associated to each: (1) Airline actions together with accelerated depreciation on airframes recognized for early retirement, accelerated amortization of software program recognized for redevelopment, prices associated to the Sun Country Airlines acquisition, organizational restructuring, and a credit score loss on a notice receivable, and (2) Sunseeker Resort together with prices associated to the sale of the resort and weather-related damages (internet of recoveries). For an inventory of those prices, see the particular prices desk in Appendix A of this earnings launch. The adjusted numbers on this earnings launch exclude the impact of those particular prices. |
| (3) | Prior-year quantities introduced above replicate Allegiant Air solely outcomes and exclude Sun Country outcomes and in addition exclude Sunseeker Resort, which was offered in 2025. Current-period outcomes are in contrast in opposition to these airline-only prior-year figures to enhance comparability. |
| (4) | In second quarter 2026, the Company incurred losses on debt extinguishment associated to prepayment of debt services. These are added again, the place acceptable, in our adjusted outcomes. |
Guidance, topic to revision
Certain forward-looking monetary info within the following tables shouldn’t be introduced in accordance with accounting rules usually accepted within the U.S. (“GAAP”). Non-GAAP monetary figures could also be helpful to stakeholders, however shouldn’t be thought of an alternative to GAAP figures. In reliance on the ‘unreasonable efforts’ exception in Item 10(e)(1)(i)(B) of SEC Regulation S-Okay, a reconciliation to probably the most comparable GAAP monetary measure shouldn’t be supplied for adjusted earnings per share and adjusted working margin within the desk under. The Company shouldn’t be capable of reconcile these Non-GAAP monetary figures with out unreasonable effort as a result of the particular cost changes is not going to be identified till the tip of the indicated future intervals and any vary of projected values can be too broad to be significant. As a consequence, this info wouldn’t be vital to buyers.
The under steering is for the mixed Allegiant and Sun Country entity.
| Third quarter 2026 steering | |||
| System ASMs – year-over-year change(5) | (~6.5%) | ||
| Scheduled service ASMs – year-over-year change(5) | (~5.5%) | ||
| Fuel value per gallon | $ 3.80 | ||
| Adjusted working margin(1) | 1.0% – 3.0% | ||
| Interest expense(2) (thousands and thousands) | ~$50 | ||
| Capitalized curiosity(2) (thousands and thousands) | (~$7) | ||
| Interest revenue (thousands and thousands) | ~$12 | ||
| Weighted common shares excellent (thousands and thousands) | 27.3 | ||
| Adjusted earnings per share(1) | ($1.00) – ($0.00) | ||
| Full-year 2026 steering | |||
| Fuel value per gallon | $ 3.70 | ||
| Weighted common shares excellent (thousands and thousands) | 23.9 | ||
| Adjusted earnings per share(1) | >$6.00 | ||
| Full-year CAPEX | |||
| Aircraft-related capital expenditures(3) (thousands and thousands) | $640 to $660 | ||
| Capitalized deferred heavy upkeep (thousands and thousands) | $75 to $85 | ||
| Other capital expenditures (thousands and thousands) | $115 to $125 | ||
| Recurring principal funds(4) (thousands and thousands) (full 12 months) | $205 to $215 | ||
| (1) | Denotes a non-GAAP monetary measure for which no reconciliation to GAAP is supplied as described above. |
| (2) | Includes capitalized curiosity associated to pre-delivery deposits on new plane. |
| (3) | Aircraft-related capital expenditures embrace the acquisition of plane, engines, induction prices, and pre-delivery deposits. This quantity excludes capitalized curiosity associated to pre-delivery deposits on new plane. |
| (4) | Does not embrace reimbursement of pre-delivery deposit debt services due on supply of plane |
| (5) | Year-over-year change is calculated relative to prior-year mixed entity professional forma obtainable seat miles (ASMs) for the three months ended September 30, 2025 of 6,710,010 (in 1000’s) for whole system and 6,143,764 (in 1000’s) for scheduled service. |
Aircraft Fleet Plan by End of Period
| Aircraft – (seats per AC) | 2Q26 | 3Q26 | YE26 | ||
| Passenger service | |||||
| Airbus A320 | 77 | 76 | 73 | ||
| Airbus A319 | 28 | 27 | 26 | ||
| Boeing 737 MAX-8 | 19 | 21 | 25 | ||
| Boeing 737-800 (Sun Country) | 44 | 43 | 43 | ||
| Boeing 737-900ER (Sun Country) | 3 | 3 | 3 | ||
| Total plane in passenger service | 171 | 170 | 170 | ||
| Boeing 737-800F (Sun Country – Cargo) | 22 | 22 | 22 | ||
| Total | 193 | 192 | 192 |
The desk above is administration’s finest estimate and is supplied primarily based on the Company’s present plans and is topic to vary. The numbers embrace plane anticipated to be in service on the finish of every interval and exclude each plane that we anticipate to take supply of however to not be positioned in service till a subsequent interval in addition to plane in short-term storage. The numbers exclude three plane owned by the Company however on working lease to different carriers.
Allegiant Travel Company will host a convention name with analysts at 4:30 p.m. ET Tuesday, August 4, 2026 to debate its second quarter 2026 monetary outcomes. A dwell broadcast of the convention name can be obtainable by way of the Company’s Investor Relations web site homepage at http://ir.allegiantair.com. The webcast can even be archived within the “Events & Presentations” part of the web site.
Allegiant Travel Company
Las Vegas-based Allegiant (NASDAQ: ALGT) is an built-in journey firm with an airline at its coronary heart, centered on connecting prospects with the individuals, locations and experiences that matter most. Through Allegiant Air and Sun Country Airlines, the Company serves roughly 22 million annual prospects throughout scheduled passenger, constitution and cargo operations. Together, the airways function greater than 650 routes serving almost 175 cities all through the United States and choose worldwide locations. Allegiant is dedicated to offering inexpensive journey choices, operational excellence and long-term worth for purchasers, workers, communities and shareholders. For extra info, go to us at Allegiant.com. Media info, together with photographs, is out there at http://gofly.us/iiFa303wrtF.
Media Inquiries: [email protected]
Investor Inquiries: [email protected]
Under the secure harbor provisions of the Private Securities Litigation Reform Act of 1995, statements on this press launch that aren’t historic details are forward-looking statements. These forward-looking statements are solely estimates or predictions primarily based on our administration’s beliefs and assumptions and on info at the moment obtainable to our administration. Forward-looking statements embrace our statements concerning future airline operations, income, bills and earnings, obtainable seat mile development, anticipated capital expenditures, the price of gas, the timing of plane acquisitions and retirements, the variety of contracted plane to be positioned in service sooner or later, our capability to consummate introduced plane transactions, estimated tax price, in addition to different info regarding future outcomes of operations, enterprise methods, financing plans, trade setting and potential development alternatives. Forward-looking statements embrace all statements that aren’t historic details and could be recognized by means of forward-looking terminology such because the phrases “believe,” “expect,” “guidance,” “anticipate,” “intend,” “plan,” “estimate”, “project”, “hope” or related expressions.
Forward-looking statements contain dangers, uncertainties and assumptions. Actual outcomes might differ materially from these expressed within the forward-looking statements. Important threat components that would trigger our outcomes to vary materially from these expressed within the forward-looking statements usually could also be present in our periodic experiences filed with the Securities and Exchange Commission at www.sec.gov. These threat components embrace, with out limitation, regulatory critiques of, and manufacturing limits on, Boeing impacting our plane supply schedule, an accident involving, or issues with, our plane, public notion of our security, our reliance on our automated techniques, our reliance on Boeing to ship plane beneath contract to us on a well timed foundation, threat of breach of safety of private information, volatility of gas prices, labor points and prices, the flexibility to acquire regulatory approvals as wanted in reference to our fleet and community, the impact of financial circumstances on leisure journey, debt covenants and balances, the affect of presidency laws on the airline trade, the flexibility to finance plane to be acquired, the flexibility to acquire crucial authorities approvals to supply worldwide service, terrorist assaults, dangers inherent to airways, our aggressive setting, our reliance on third events who present services or providers to us, the affect of the potential lack of key personnel, financial and different circumstances in markets wherein we function, will increase in upkeep prices and availability of out of doors upkeep contractors to carry out wanted work on our plane on a well timed foundation and at acceptable charges, cyclical and seasonal fluctuations in our working outcomes, the perceived acceptability of our environmental, social and governance efforts, the danger that the mixed firm after the Sun Country acquisition is not going to understand anticipated advantages, value financial savings, accretion, synergies and/or development from the Sun Country acquisition or that any of the foregoing might take longer to understand or be extra expensive to attain than anticipated, the diversion of administration’s consideration and time from ongoing enterprise operations and alternatives to integration issues, the danger that the combination of Sun Country’s operations can be materially delayed or can be extra expensive or troublesome than anticipated or that Allegiant is in any other case unable to efficiently combine Sun Country’s companies into its companies, and reputational threat and potential hostile reactions of Allegiant’s or Sun Country’s prospects, suppliers, workers, labor unions or different enterprise companions, together with these ensuing from the completion of the Sun Country acquisition and the combination of the businesses.
Any forward-looking statements are primarily based on info obtainable to us as we speak and we undertake no obligation to replace publicly any forward-looking statements, whether or not because of future occasions, new info or in any other case.
Detailed monetary info follows:
| Allegiant Travel Company Consolidated Statements of Loss(1) (in 1000’s, besides per share quantities) (Unaudited)
| |||||
| Three Months Ended June 30, | Percent Change | ||||
| 2026 | 2025 | YoY | |||
| OPERATING REVENUES: | |||||
| Passenger | $ 822,491 | $ 617,908 | 33.1 % | ||
| Third occasion merchandise | 45,758 | 33,649 | 36.0 | ||
| Fixed price contracts | 45,723 | 17,019 | 168.7 | ||
| Cargo | 27,586 | — | NM | ||
| Other | 1,932 | 20,808 | NM | ||
| Total working revenues | 943,490 | 689,384 | 36.9 | ||
| OPERATING EXPENSES: | |||||
| Aircraft gas | 307,669 | 165,752 | 85.6 | ||
| Salaries and advantages | 250,318 | 214,102 | 16.9 | ||
| Station operations | 95,551 | 75,248 | 27.0 | ||
| Depreciation and amortization | 70,709 | 68,519 | 3.2 | ||
| Maintenance and repairs | 49,252 | 36,379 | 35.4 | ||
| Sales and advertising | 35,194 | 26,837 | 31.1 | ||
| Aircraft hire | 7,015 | 11,023 | (36.4) | ||
| Other | 40,716 | 41,089 | (0.9) | ||
| Special prices, internet of recoveries | 65,952 | 117,924 | NM | ||
| Total working bills | 922,376 | 756,873 | 21.9 | ||
| OPERATING INCOME (LOSS) | 21,114 | (67,489) | NM | ||
| OTHER (INCOME) EXPENSES: | |||||
| Interest revenue | (8,840) | (10,359) | (14.7) | ||
| Interest expense | 40,072 | 35,756 | 12.1 | ||
| Capitalized curiosity | (4,937) | (4,562) | 8.2 | ||
| Other, internet | 39 | 240 | (83.8) | ||
| Total different bills | 26,334 | 21,075 | 25.0 | ||
| LOSS BEFORE INCOME TAXES | (5,220) | (88,564) | 94.1 | ||
| INCOME TAX BENEFIT | (360) | (23,398) | 98.5 | ||
| NET LOSS | $ (4,860) | $ (65,166) | 92.5 | ||
| Loss per share to frequent shareholders: | |||||
| Basic | ($0.21) | ($3.62) | 94.2 | ||
| Diluted | ($0.21) | ($3.62) | 94.2 | ||
| Shares used for computation(2)(3): | |||||
| Basic | 22,852 | 17,995 | 27.0 | ||
| Diluted | 22,852 | 17,995 | 27.0 | ||
| (1) | Second quarter outcomes embrace the monetary efficiency of Sun Country just for the interval from and after May 13, 2026. |
| (2) | The Company’s unvested restricted inventory awards are thought of taking part securities as they obtain non-forfeitable rights to money dividends on the similar price as frequent inventory. The primary and diluted earnings per share calculations for the intervals introduced replicate the two-class technique mandated by ASC Topic 260, “Earnings Per Share.” The two-class technique adjusts each the online revenue and the shares used within the calculation. Application of the two-class technique didn’t have a big affect on the essential and diluted earnings per share for the intervals introduced. |
| (3) | The variety of shares used for the earnings per share calculations are considerably impacted by the issuance of shares in reference to the Sun Country acquisition and the time period such shares have been excellent. |
| NM Not significant | |
| Allegiant Travel Company Segment Profit or Loss(1) (in 1000’s) (Unaudited)
| |||||||||||
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | ||||||||||
| Allegiant | Sun | Consolidated | Allegiant | Sunseeker | Consolidated | ||||||
| OPERATING REVENUES: | |||||||||||
| Passenger | $ 717,016 | $ 105,475 | $ 822,491 | $ 617,908 | $ — | $ 617,908 | |||||
| Third occasion merchandise | 44,483 | 1,275 | 45,758 | 33,649 | — | 33,649 | |||||
| Fixed price contracts | 14,523 | 31,200 | 45,723 | 17,019 | — | 17,019 | |||||
| Cargo | — | 27,586 | 27,586 | — | — | — | |||||
| Other | 185 | 1,747 | 1,932 | 174 | 20,634 | 20,808 | |||||
| Total working revenues | $ 776,207 | $ 167,283 | $ 943,490 | $ 668,750 | $ 20,634 | $ 689,384 | |||||
| OPERATING EXPENSES: | |||||||||||
| Aircraft gas | 265,123 | 42,546 | 307,669 | 165,752 | — | 165,752 | |||||
| Salaries and advantages | 201,337 | 48,981 | 250,318 | 203,485 | 10,617 | 214,102 | |||||
| Station operations | 76,139 | 19,412 | 95,551 | 75,248 | — | 75,248 | |||||
| Depreciation and amortization | 58,521 | 12,188 | 70,709 | 64,961 | 3,558 | 68,519 | |||||
| Maintenance and repairs | 39,349 | 9,903 | 49,252 | 36,379 | — | 36,379 | |||||
| Sales and advertising | 29,860 | 5,334 | 35,194 | 25,119 | 1,718 | 26,837 | |||||
| Aircraft hire | 7,015 | — | 7,015 | 11,023 | — | 11,023 | |||||
| Other working bills | 29,263 | 11,453 | 40,716 | 29,031 | 12,058 | 41,089 | |||||
| Special prices, internet of recoveries | 39,514 | 26,438 | 65,952 | 14,595 | 103,329 | 117,924 | |||||
| Total working bills | 746,121 | 176,255 | 922,376 | 625,593 | 131,280 | 756,873 | |||||
| OPERATING INCOME/(LOSS) | 30,086 | (8,972) | 21,114 | 43,157 | (110,646) | (67,489) | |||||
| OTHER (INCOME) EXPENSES: | |||||||||||
| Interest revenue | (8,093) | (747) | (8,840) | (10,359) | — | (10,359) | |||||
| Interest expense | 35,200 | 4,872 | 40,072 | 28,121 | 7,635 | 35,756 | |||||
| Capitalized curiosity | (4,937) | — | (4,937) | (4,562) | — | (4,562) | |||||
| Other non-operating bills | 74 | (35) | 39 | 240 | — | 240 | |||||
| Total different bills | 22,244 | 4,090 | 26,334 | 13,440 | 7,635 | 21,075 | |||||
| INCOME (LOSS) BEFORE INCOME TAXES | $ 7,842 | $ (13,062) | $ (5,220) | $ 29,717 | $ (118,281) | $ (88,564) | |||||
| (1) | Segment outcomes for 2025 solely are introduced for Allegiant and Sunseeker Resort, as Sunseeker Resort was offered in September 2025. Following the acquisition of Sun Country Airlines on May 13, 2026, section outcomes for 2026 are introduced for Allegiant and Sun Country. |
| (2) | Results embrace the monetary efficiency of Sun Country just for the interval from and after May 13, 2026. |
| Allegiant Travel Company Airline Operating Statistics(1) (Unaudited)
| |||||
| Three Months Ended June 30, | Percent Change(2) | ||||
| 2026 | 2025 | YoY | |||
| AIRLINE OPERATING STATISTICS (CONSOLIDATED) | |||||
| Total system statistics: | |||||
| Passengers | 5,753,539 | 5,127,025 | 12.2 % | ||
| Available seat miles (ASMs) (1000’s) | 6,406,325 | 5,799,409 | 10.5 | ||
| Airline working expense per ASM (CASM) (cents) | 13.89 ¢ | 10.79 ¢ | 28.7 | ||
| Airline working CASM, excluding gas, particular prices and cargo bills (cents) | 8.19 ¢ | 7.68 ¢ | 6.6 | ||
| Departures | 42,833 | 37,314 | 14.8 | ||
| Block hours | 104,652 | 88,749 | 17.9 | ||
| Average stage size (miles) | 905 | 886 | 2.1 | ||
| Average block hours per plane per day | 7.2 | 7.7 | (6.5) | ||
| Full-time equal workers at finish of interval | 8,484 | 5,980 | 41.9 | ||
| Fuel gallons consumed (1000’s) | 74,292 | 68,452 | 8.5 | ||
| ASMs per gallon of gas | 86.2 | 84.7 | 1.8 | ||
| Average gas value per gallon | $ 4.14 | $ 2.42 | 71.1 | ||
| Scheduled service statistics: | |||||
| Passengers | 5,616,207 | 5,077,788 | 10.6 | ||
| Revenue passenger miles (RPMs) (1000’s) | 5,226,070 | 4,610,321 | 13.4 | ||
| Available seat miles (ASMs) (1000’s) | 6,097,107 | 5,629,040 | 8.3 | ||
| Load issue | 85.7 % | 81.9 % | 3.8 | ||
| Departures | 37,502 | 36,056 | 4.0 | ||
| Block hours | 92,259 | 85,980 | 7.3 | ||
| Average seats per departure | 177.0 | 175.1 | 1.1 | ||
| Yield (cents)(3) | 8.26 ¢ | 5.75 ¢ | 43.7 | ||
| Total passenger income per ASM (TRASM) (cents)(4) | 14.24 ¢ | 11.57 ¢ | 23.1 | ||
| Average fare – scheduled service(5) | $ 76.90 | $ 52.20 | 47.3 | ||
| Average fare – air-related prices(5) | $ 69.55 | $ 69.49 | 0.1 | ||
| Average fare – third occasion merchandise | $ 8.15 | $ 6.63 | 22.9 | ||
| Average fare – whole | $ 154.60 | $ 128.32 | 20.5 | ||
| Average stage size (miles) | 914 | 891 | 2.6 | ||
| Fuel gallons consumed (1000’s) | 70,655 | 66,419 | 6.4 | ||
| Average gas value per gallon | $ 4.15 | $ 2.43 | 70.8 | ||
| Three Months Ended June 30, 2026 | |||
| Allegiant Air | Sun Country | ||
| AIRLINE OPERATING STATISTICS (BY SEGMENT) | |||
| Total system statistics: | |||
| Passengers | 5,073,414 | 680,125 | |
| Available seat miles (ASMs) (1000’s) | 5,406,461 | 999,864 | |
| Departures | 34,733 | 8,100 | |
| Scheduled service statistics: | |||
| Revenue passenger miles (RPMs) (1000’s) | 4,538,749 | 687,322 | |
| Available seat miles (ASMs) (1000’s) | 5,281,688 | 815,419 | |
| Block hours | 80,881 | 11,378 | |
| Fuel value per gallon, excluding oblique gas credit | $4.19 | $3.87 | |
| (1) | Prior 12 months figures should not comparable as a result of Sun Country figures are solely included starting after May 13, 2026. |
| (2) | Except load issue, which is share level change. |
| (3) | Defined as scheduled service income divided by income passenger miles. |
| (4) | Various parts of this measurement should not have a direct correlation to ASMs. These figures are supplied on a per ASM foundation to facilitate comparability with airways reporting revenues on a per ASM foundation. |
| (5) | Reflects division of passenger income between scheduled service and air-related prices in Company’s reserving path. |
| Allegiant Travel Company Consolidated Statements of Income (Loss)(1) (in 1000’s, besides per share quantities) (Unaudited)
| |||||
| Six Months Ended June 30, | Percent Change | ||||
| 2026 | 2025 | YoY | |||
| OPERATING REVENUES: | |||||
| Passenger | $ 1,494,290 | $ 1,234,658 | 21.0 % | ||
| Third occasion merchandise | 88,093 | 68,852 | 27.9 | ||
| Fixed price contracts | 63,846 | 33,271 | 91.9 | ||
| Cargo | 27,586 | — | NM | ||
| Other | 2,106 | 51,677 | NM | ||
| Total working revenues | 1,675,921 | 1,388,458 | 20.7 | ||
| OPERATING EXPENSES: | |||||
| Aircraft gas | 487,910 | 332,085 | 46.9 | ||
| Salaries and advantages | 468,403 | 445,541 | 5.1 | ||
| Station operations | 172,033 | 148,753 | 15.7 | ||
| Depreciation and amortization | 128,635 | 131,830 | (2.4) | ||
| Maintenance and repairs | 84,469 | 71,233 | 18.6 | ||
| Sales and advertising | 63,394 | 51,933 | 22.1 | ||
| Aircraft hire | 14,476 | 16,942 | (14.6) | ||
| Other | 60,649 | 76,259 | (20.5) | ||
| Special prices, internet of recoveries | 93,734 | 116,369 | NM | ||
| Total working bills | 1,573,703 | 1,390,945 | 13.1 | ||
| OPERATING INCOME (LOSS) | 102,218 | (2,487) | NM | ||
| OTHER (INCOME) EXPENSES: | |||||
| Interest revenue | (17,554) | (22,294) | (21.3) | ||
| Interest expense | 69,299 | 76,540 | (9.5) | ||
| Capitalized curiosity | (9,227) | (11,050) | (16.5) | ||
| Other, internet | (1,105) | 941 | (217.4) | ||
| Total different bills | 41,413 | 44,137 | (6.2) | ||
| INCOME (LOSS) BEFORE INCOME TAXES | 60,805 | (46,624) | NM | ||
| INCOME TAX EXPENSE (BENEFIT) | 23,187 | (13,560) | NM | ||
| NET INCOME (LOSS) | $ 37,618 | $ (33,064) | NM | ||
| Earnings (loss) per share to frequent shareholders: | |||||
| Basic | $1.80 | ($1.84) | NM | ||
| Diluted | $1.80 | ($1.84) | NM | ||
| Shares used for computation(2)(3): | |||||
| Basic | 20,542 | 17,989 | 14.2 | ||
| Diluted | 20,634 | 17,989 | 14.7 | ||
| (1) | Results embrace the monetary efficiency of Sun Country just for the interval from and after May 13, 2026. |
| (2) | The Company’s unvested restricted inventory awards are thought of taking part securities as they obtain non-forfeitable rights to money dividends on the similar price as frequent inventory. The primary and diluted earnings per share calculations for the intervals introduced replicate the two-class technique mandated by ASC Topic 260, “Earnings Per Share.” The two-class technique adjusts each the online revenue and the shares used within the calculation. Application of the two-class technique didn’t have a big affect on the essential and diluted earnings per share for the intervals introduced. |
| (3) | The variety of shares used for the earnings per share calculations are considerably impacted by the issuance of shares in reference to the Sun Country acquisition and the time period such shares have been excellent. |
| NM Not significant | |
| Allegiant Travel Company Segment Profit or Loss(1) (in 1000’s) (Unaudited)
| |||||||||||
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | ||||||||||
| Allegiant | Sun | Consolidated | Allegiant | Sunseeker | Consolidated | ||||||
| OPERATING REVENUES: | |||||||||||
| Passenger | $ 1,388,815 | $ 105,475 | $ 1,494,290 | $ 1,234,658 | $ — | $ 1,234,658 | |||||
| Third occasion merchandise | 86,818 | 1,275 | 88,093 | 68,852 | — | 68,852 | |||||
| Fixed price contracts | 32,646 | 31,200 | 63,846 | 33,271 | — | 33,271 | |||||
| Cargo | — | 27,586 | 27,586 | — | — | — | |||||
| Other | 359 | 1,747 | 2,106 | 355 | 51,322 | 51,677 | |||||
| Total working revenues | $ 1,508,638 | $ 167,283 | $ 1,675,921 | $ 1,337,136 | $ 51,322 | $ 1,388,458 | |||||
| OPERATING EXPENSES: | |||||||||||
| Aircraft gas | 445,364 | 42,546 | 487,910 | 332,085 | — | 332,085 | |||||
| Salaries and advantages | 419,422 | 48,981 | 468,403 | 423,859 | 21,682 | 445,541 | |||||
| Station operations | 152,621 | 19,412 | 172,033 | 148,753 | — | 148,753 | |||||
| Depreciation and amortization | 116,447 | 12,188 | 128,635 | 124,672 | 7,158 | 131,830 | |||||
| Maintenance and repairs | 74,566 | 9,903 | 84,469 | 71,233 | — | 71,233 | |||||
| Sales and advertising | 58,060 | 5,334 | 63,394 | 48,489 | 3,444 | 51,933 | |||||
| Aircraft hire | 14,476 | — | 14,476 | 16,942 | — | 16,942 | |||||
| Other working bills | 49,196 | 11,453 | 60,649 | 51,107 | 25,152 | 76,259 | |||||
| Special prices, internet of recoveries | 67,296 | 26,438 | 93,734 | 15,987 | 100,382 | 116,369 | |||||
| Total working bills | 1,397,448 | 176,255 | 1,573,703 | 1,233,127 | 157,818 | 1,390,945 | |||||
| OPERATING INCOME (LOSS) | 111,190 | (8,972) | 102,218 | 104,009 | (106,496) | (2,487) | |||||
| OTHER (INCOME) EXPENSES: | |||||||||||
| Interest revenue | (16,807) | (747) | (17,554) | (22,294) | — | (22,294) | |||||
| Interest expense | 64,427 | 4,872 | 69,299 | 57,070 | 19,470 | 76,540 | |||||
| Capitalized curiosity | (9,227) | — | (9,227) | (11,050) | — | (11,050) | |||||
| Other non-operating bills | (1,070) | (35) | (1,105) | 941 | — | 941 | |||||
| Total different bills | 37,323 | 4,090 | 41,413 | 24,667 | 19,470 | 44,137 | |||||
| INCOME (LOSS) BEFORE INCOME TAXES | $ 73,867 | $ (13,062) | $ 60,805 | $ 79,342 | $ (125,966) | $ (46,624) | |||||
| (1) | Segment outcomes for 2025 solely are introduced for Allegiant and Sunseeker Resort, as Sunseeker Resort was offered in September 2025. Following the acquisition of Sun Country Airlines on May 13, 2026, section outcomes for 2026 are introduced for Allegiant and Sun Country. |
| (2) | Results embrace the monetary efficiency of Sun Country just for the interval from and after May 13, 2026. |
| Allegiant Travel Company Airline Operating Statistics(1) (Unaudited)
| |||||
| Six Months Ended June 30, | Percent | ||||
| 2026 | 2025 | YoY | |||
| AIRLINE OPERATING STATISTICS (CONSOLIDATED) | |||||
| Total system statistics: | |||||
| Passengers | 10,182,002 | 9,578,331 | 6.3 % | ||
| Available seat miles (ASMs) (1000’s) | 11,536,867 | 11,250,993 | 2.5 | ||
| Airline working expense per ASM (CASM) (cents) | 13.37 ¢ | 10.96 ¢ | 22.0 | ||
| Airline working CASM, excluding gas, particular prices, and cargo bills (cents) | 8.40 ¢ | 7.87 ¢ | 6.7 | ||
| Departures | 74,403 | 70,549 | 5.5 | ||
| Block hours | 183,475 | 172,620 | 6.3 | ||
| Average stage size (miles) | 906 | 909 | (0.3) | ||
| Average block hours per plane per day | 7.2 | 7.6 | (5.3) | ||
| Full-time equal workers at finish of interval | 8,484 | 5,980 | 41.9 | ||
| Fuel gallons consumed (1000’s) | 133,492 | 132,089 | 1.1 | ||
| ASMs per gallon of gas | 86.4 | 85.2 | 1.4 | ||
| Average gas value per gallon | $ 3.65 | $ 2.51 | 45.4 | ||
| Scheduled service statistics: | |||||
| Passengers | 10,014,314 | 9,498,599 | 5.4 | ||
| Revenue passenger miles (RPMs) (1000’s) | 9,436,965 | 8,881,650 | 6.3 | ||
| Available seat miles (ASMs) (1000’s) | 11,088,667 | 10,934,232 | 1.4 | ||
| Load issue | 85.1 % | 81.2 % | 3.9 | ||
| Departures | 67,974 | 68,189 | (0.3) | ||
| Block hours | 168,756 | 167,394 | 0.8 | ||
| Average seats per departure | 176.6 | 175.0 | 0.9 | ||
| Yield (cents)(3) | 8.38 ¢ | 6.38 ¢ | 31.3 | ||
| Total passenger income per ASM (TRASM) (cents)(4) | 14.27 ¢ | 11.92 ¢ | 19.7 | ||
| Average fare – scheduled service(5) | $ 78.99 | $ 59.64 | 32.4 | ||
| Average fare – air-related prices(5) | $ 70.22 | $ 70.34 | (0.2) | ||
| Average fare – third occasion merchandise | $ 8.80 | $ 7.25 | 21.4 | ||
| Average fare – whole | $ 158.01 | $ 137.23 | 15.1 | ||
| Average stage size (miles) | 920 | 914 | 0.7 | ||
| Fuel gallons consumed (1000’s) | 128,197 | 128,245 | — | ||
| Average gas value per gallon | $ 3.65 | $ 2.52 | 44.8 | ||
| Six Months Ended June 30, 2026 | |||
| Allegiant Air | Sun Country | ||
| AIRLINE OPERATING STATISTICS (BY SEGMENT) | |||
| Total system statistics: | |||
| Passengers | 9,501,877 | 680,125 | |
| Available seat miles (ASMs) (1000’s) | 10,537,003 | 999,864 | |
| Departures | 66,303 | 8,100 | |
| Scheduled service statistics: | |||
| Revenue passenger miles (RPMs) (1000’s) | 8,749,644 | 687,322 | |
| Available seat miles (ASMs) (1000’s) | 10,273,248 | 815,419 | |
| Block hours | 157,378 | 11,378 | |
| Fuel value per gallon, excluding oblique gas credit | $3.63 | $3.87 | |
| (1) | Prior 12 months figures should not comparable as a result of Sun Country figures are solely included starting after May 13, 2026. |
| (2) | Except load issue, which is share level change. |
| (3) | Defined as scheduled service income divided by income passenger miles. |
| (4) | Various parts of this measurement should not have a direct correlation to ASMs. These figures are supplied on a per ASM foundation to facilitate comparability with airways reporting revenues on a per ASM foundation. |
| (5) | Reflects division of passenger income between scheduled service and air-related prices in Company’s reserving path. |
Summary Balance Sheet
| (in thousands and thousands) | June 30, 2026 (unaudited) | December 31, 2025(1) | Percent Change | ||
| Unrestricted money and investments | |||||
| Cash and money equivalents | $ 508.7 | $ 172.7 | 194.6 % | ||
| Short-term investments | 544.8 | 633.0 | (13.9) | ||
| Long-term investments | 15.5 | 32.8 | (52.7) | ||
| Total unrestricted money and investments | 1,069.0 | 838.5 | 27.5 | ||
| Debt | |||||
| Current maturities of long-term debt and finance lease obligations, internet of associated prices | 318.7 | 118.1 | 169.9 | ||
| Long-term debt and finance lease obligations, internet of present maturities and associated prices | 2,460.8 | 1,681.5 | 46.3 | ||
| Total debt | 2,779.5 | 1,799.6 | 54.5 | ||
| Debt, internet of unrestricted money and investments | 1,710.5 | 961.1 | 78.0 | ||
| Total Allegiant Travel Company shareholders’ fairness | 1,777.4 | 1,052.7 | 68.8 | ||
| (1) The December 31, 2025 figures don’t embrace Sun Country because the acquisition didn’t shut till May 13, 2026. | |||||
EPS Calculation
The following desk units forth the computation of internet revenue per share, on a primary and diluted foundation, for the intervals indicated (share depend and greenback quantities aside from per-share quantities in desk are in 1000’s):
| Three Months Ended June 30, | Six Months Ended June 30, | ||||||
| 2026 | 2025 | 2026 | 2025 | ||||
| Basic: | |||||||
| Net revenue (loss) | $ (4,860) | $ (65,166) | $ 37,618 | $ (33,064) | |||
| Less revenue allotted to taking part securities | — | — | (540) | — | |||
| Net revenue (loss) attributable to frequent inventory | $ (4,860) | $ (65,166) | $ 37,078 | $ (33,064) | |||
| Earnings (loss) per share, primary | $ (0.21) | $ (3.62) | $ 1.80 | $ (1.84) | |||
| Weighted-average shares excellent(1) | 22,852 | 17,995 | 20,542 | 17,989 | |||
| Diluted: | |||||||
| Net revenue (loss) | $ (4,860) | $ (65,166) | $ 37,618 | $ (33,064) | |||
| Less revenue allotted to taking part securities | — | — | (538) | — | |||
| Net revenue (loss) attributable to frequent inventory | $ (4,860) | $ (65,166) | $ 37,080 | $ (33,064) | |||
| Earnings (loss) per share, diluted | $ (0.21) | $ (3.62) | $ 1.80 | $ (1.84) | |||
| Weighted-average shares excellent(1)(2) | 22,852 | 17,995 | 20,542 | 17,989 | |||
| Dilutive impact of restricted inventory | — | — | 197 | — | |||
| Adjusted weighted-average shares excellent beneath treasury inventory technique | 22,852 | 17,995 | 20,739 | 17,989 | |||
| Participating securities excluded beneath two-class technique | — | — | (105) | — | |||
| Adjusted weighted-average shares excellent beneath two-class technique | 22,852 | 17,995 | 20,634 | 17,989 | |||
| (1) | The variety of shares used for the earnings per share calculations are considerably impacted by the issuance of shares in reference to the Sun Country acquisition and the time period such shares have been excellent. |
| (2) | Dilutive impact of frequent inventory equivalents excluded from the diluted per share calculation shouldn’t be materials. |
Appendix A
Non-GAAP Presentation
Three and Six Months Ended June 30, 2026 and 2025
(Unaudited)
We current adjusted consolidated working expense and adjusted consolidated working revenue, which exclude particular prices associated to (i) the affect of losses and insurance coverage recoveries incurred primarily as the results of hurricanes and different insured occasions at Sunseeker Resort, (ii) different prices associated to the sale of Sunseeker, and (iii) the airline particular prices listed within the desk under. We additionally current adjusted consolidated curiosity expense, adjusted consolidated revenue earlier than revenue taxes, adjusted consolidated internet revenue, and adjusted consolidated diluted earnings per share, which exclude the particular prices described above and losses on extinguishment of debt.
We current adjusted airline-only working expense, adjusted airline-only working revenue, adjusted airline-only revenue earlier than revenue taxes, adjusted airline-only internet revenue, and adjusted airline-only diluted earnings per share which exclude particular prices and different prices associated to (i) plane accelerated depreciation on early retirement of sure airframes, (ii) accelerated amortization of software program recognized to be redeveloped, (iii) prices associated to the Sun Country acquisition, (iv) a credit score loss on a notice receivable, and (v) losses on extinguishment of debt.
All of the measures described above are non-GAAP monetary measures. We consider the presentation of those measures is related and helpful for buyers as a result of it permits them to raised gauge the efficiency of the airways and to check our outcomes to different airways. Management believes the exclusion of this stuff enhances comparability of economic info between intervals.
We additionally current adjusted airline-only CASM, which excludes plane gas expense, particular prices, and cargo bills. Fuel value volatility impacts the comparability of 12 months over 12 months monetary efficiency as do the airline particular prices. Cargo bills are excluded as a result of they don’t relate to obtainable seat miles. We consider the changes for gas expense, airline particular prices, and cargo bills permit buyers to raised perceive our non-fuel prices and associated efficiency.
Consolidated and airline-only earnings earlier than curiosity, taxes, depreciation, and amortization (“Consolidated EBITDA” and “Airline EBITDA”), adjusted Consolidated EBITDA, adjusted Airline EBITDA, and estimated adjusted earnings per share, as introduced on this press launch, are supplemental measures of our efficiency that aren’t required by, or introduced in accordance with, accounting rules usually accepted within the United States (“GAAP”). These should not measurements of our monetary efficiency beneath GAAP and shouldn’t be thought of in isolation or as a substitute for internet revenue or every other efficiency measures derived in accordance with GAAP or as a substitute for money flows from working actions as a measure of our liquidity.
We outline “EBITDA” as earnings earlier than curiosity, taxes, depreciation and amortization. The adjusted EBITDA measures additionally exclude particular prices and losses on the extinguishment of debt. We warning buyers that quantities introduced in accordance with this definition is probably not corresponding to related measures disclosed by different issuers, as a result of not all issuers and analysts calculate EBITDA in the identical method.
We use EBITDA and adjusted EBITDA to guage our working efficiency and liquidity, and these are among the many major measures utilized by administration for planning and forecasting of future intervals. We consider these displays of EBITDA are related and helpful for buyers as a result of they permit buyers to view ends in a way just like the tactic utilized by administration and make it simpler to check our outcomes with different corporations which have completely different financing and capital constructions. EBITDA has essential limitations as an analytical device. These limitations embrace the next:
Presented under is a quantitative reconciliation of those adjusted numbers (aside from the estimated adjusted earnings per share and adjusted working margin figures) to probably the most instantly comparable GAAP monetary efficiency measure.
The SEC has adopted guidelines (Regulation G) regulating using non-GAAP monetary measures. Because of our use of non-GAAP monetary measures on this press launch to complement our consolidated monetary statements introduced on a GAAP foundation, Regulation G requires us to incorporate on this press launch a presentation of probably the most instantly comparable GAAP measures, that are working bills, working revenue (loss), curiosity expense, revenue (loss) earlier than revenue taxes, internet revenue, and earnings per share, and a reconciliation of the non-GAAP measures to probably the most comparable GAAP measure. Our utilization of non-GAAP measurements shouldn’t be meant to be thought of in isolation or as an alternative to working bills, working revenue (loss), curiosity expense, revenue (loss) earlier than revenue taxes, internet revenue (loss), earnings (loss) per share, or different measures of economic efficiency ready in accordance with GAAP. Our use of those non-GAAP measures is probably not corresponding to equally titled measures employed by different corporations within the airline and journey trade. The reconciliation of every of those measures to probably the most comparable GAAP measure for the intervals is indicated under.
Reconciliation of Non-GAAP Financial Measures
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||
| 2026 | 2025 | 2026 | 2025 | |||||
| Special Charges (thousands and thousands) | ||||||||
| Accelerated depreciation on airframes recognized for early retirement | $ 1.3 | $ 2.5 | $ 2.7 | $ 3.9 | ||||
| Accelerated amortization of software program recognized for redevelopment | 10.0 | — | 19.9 | — | ||||
| Integration prices | 55.2 | — | 64.8 | — | ||||
| Organizational restructuring | — | 12.1 | — | 12.1 | ||||
| Credit loss on notice receivable | — | — | 7.0 | — | ||||
| Airline particular prices(2) | 66.5 | 14.6 | 94.4 | 16.0 | ||||
| Sunseeker particular prices, internet of recoveries(2) | (0.6) | 103.3 | (0.7) | 100.4 | ||||
| Consolidated particular prices, internet of recoveries(2) | $ 66.0 | $ 117.9 | $ 93.7 | $ 116.4 | ||||
| Three Months Ended June 30, 2026 | |||||||||||||||||
| Consolidated | Allegiant Air | Sun Country(4) | |||||||||||||||
| Reconciliation of adjusted working bills, adjusted working revenue, adjusted working margin, adjusted curiosity expense, and adjusted revenue earlier than revenue taxes (thousands and thousands) | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | ||||||||
| Total working revenues | $ 943.5 | $ — | $ 943.5 | $ 776.2 | $ — | $ 776.2 | $ 167.3 | $ — | $ 167.3 | ||||||||
| Total working bills | 922.4 | (66.0) | 856.4 | 746.1 | (39.5) | 706.6 | 176.3 | (26.4) | 149.8 | ||||||||
| Operating revenue (loss) | $ 21.1 | $ 66.0 | $ 87.1 | $ 30.1 | $ 39.5 | $ 69.6 | $ (9.0) | $ 26.4 | $ 17.5 | ||||||||
| Operating margin (%) | 2.2 | 9.2 | 3.9 | 9.0 | (5.4) | 10.4 | |||||||||||
| Interest expense | $ 40.1 | $ (3.7) | $ 36.3 | $ 35.2 | $ (3.7) | $ 31.5 | $ 4.9 | $ — | $ 4.9 | ||||||||
| INCOME (LOSS) BEFORE INCOME TAXES | $ (5.2) | $ 69.7 | $ 64.5 | $ 7.8 | $ 43.3 | $ 51.1 | $ (13.1) | $ 26.4 | $ 13.4 | ||||||||
| Three Months Ended June 30, 2025 | |||||||||||||||||
| Consolidated | Allegiant Air | Sunseeker | |||||||||||||||
| Reconciliation of adjusted working bills, adjusted working revenue (loss), adjusted working margin, and adjusted revenue (loss) earlier than revenue taxes (thousands and thousands) | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | ||||||||
| Total working revenues | $ 689.4 | $ — | $ 689.4 | $ 668.8 | $ — | $ 668.8 | $ 20.6 | $ — | $ 20.6 | ||||||||
| Total working bills | 756.9 | (117.9) | 638.9 | 625.6 | (14.6) | 611.0 | 131.3 | (103.3) | 28.0 | ||||||||
| Operating revenue (loss) | $ (67.5) | $ 117.9 | $ 50.4 | $ 43.2 | $ 14.6 | $ 57.8 | $ (110.6) | $ 103.3 | $ (7.3) | ||||||||
| Operating margin (%) | (9.8) | 7.3 | 6.5 | 8.6 | NM | (35.5) | |||||||||||
| INCOME (LOSS) BEFORE INCOME TAXES | $ (88.6) | $ 117.9 | 29.4 | $ 29.7 | $ 14.6 | $ 44.3 | $ (118.3) | $ 103.3 | $ (15.0) | ||||||||
| Six Months Ended June 30, 2026 | |||||||||||||||||
| Consolidated | Allegiant Air | Sun Country(4) | |||||||||||||||
| Reconciliation of adjusted working bills, adjusted working revenue (loss), adjusted working margin, adjusted curiosity expense, and adjusted revenue (loss) earlier than revenue taxes (thousands and thousands) | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | ||||||||
| Total working revenues | $ 1,675.9 | $ — | $ 1,675.9 | $ 1,508.6 | $ — | $ 1,508.6 | $ 167.3 | $ — | $ 167.3 | ||||||||
| Total working bills | 1,573.7 | (93.7) | 1,480.0 | 1,397.4 | (67.3) | 1,330.2 | 176.3 | (26.4) | 149.8 | ||||||||
| Operating revenue (loss) | $ 102.2 | $ 93.7 | $ 196.0 | $ 111.2 | $ 67.3 | $ 178.5 | $ (9.0) | $ 26.4 | $ 17.5 | ||||||||
| Operating margin (%) | 6.1 | 11.7 | 7.4 | 11.8 | (5.4) % | 10.4 | |||||||||||
| Interest expense | $ 69.3 | $ (3.7) | $ 65.6 | $ 64.4 | $ (3.7) | $ 60.7 | $ 4.9 | $ — | $ 4.9 | ||||||||
| INCOME (LOSS) BEFORE INCOME TAXES | $ 60.8 | $ 97.5 | $ 158.3 | $ 73.9 | $ 71.0 | $ 144.9 | $ (13.1) | $ 26.4 | $ 13.4 | ||||||||
| Six Months Ended June 30, 2025 | |||||||||||||||||
| Consolidated | Allegiant Air | Sunseeker | |||||||||||||||
| Reconciliation of adjusted working bills, adjusted working revenue (loss), adjusted working margin, adjusted curiosity expense, and adjusted revenue (loss) earlier than revenue taxes (thousands and thousands) | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | GAAP | Adjustments | Adjusted | ||||||||
| Total working revenues | $ 1,388.5 | $ — | $ 1,388.5 | $ 1,337.1 | $ — | $ 1,337.1 | $ 51.3 | $ — | $ 51.3 | ||||||||
| Total working bills | 1,390.9 | (116.4) | 1,274.6 | 1,233.1 | (16.0) | 1,217.1 | 157.8 | (100.4) | 57.4 | ||||||||
| Operating revenue (loss) | $ (2.5) | $ 116.4 | $ 113.9 | $ 104.0 | $ 16.0 | $ 120.0 | $ (106.5) | $ 100.4 | $ (6.1) | ||||||||
| Operating margin (%) | (0.2) | 8.2 | 7.8 | 9.0 | NM | (11.9) | |||||||||||
| Interest expense | $ 76.5 | $ (3.4) | $ 73.1 | $ 57.1 | $ — | $ 57.1 | $ 19.5 | $ (3.4) | $ 16.1 | ||||||||
| INCOME (LOSS) BEFORE INCOME TAXES | $ (46.6) | $ 119.8 | $ 73.2 | $ 79.3 | $ 16.0 | $ 95.3 | $ (126.0) | $ 103.8 | $ (22.2) | ||||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||
| 2026 | 2025 | 2026 | 2025 | |||||
| Consolidated EBITDA and adjusted consolidated EBITDA (thousands and thousands)(4) | ||||||||
| Net revenue as reported (GAAP) | $ (4.9) | $ (65.2) | $ 37.6 | $ (33.1) | ||||
| Interest expense, internet | 26.3 | 20.8 | 42.5 | 43.2 | ||||
| Income tax expense | (0.4) | (23.4) | 23.2 | (13.6) | ||||
| Depreciation and amortization | 70.7 | 68.5 | 128.6 | 131.8 | ||||
| Consolidated EBITDA(1) | $ 91.8 | $ 0.8 | $ 232.0 | $ 128.4 | ||||
| Special prices, internet of recoveries(2) | 66.0 | 117.9 | 93.7 | 116.4 | ||||
| Adjusted consolidated EBITDA(1)(2) | $ 157.7 | $ 118.7 | $ 325.7 | $ 244.8 | ||||
| Adjusted consolidated EBITDA margin(1)(2) | 16.7 % | 17.2 % | 19.4 % | 17.6 % | ||||
| Adjusted Allegiant Air-only EBITDA (thousands and thousands) | ||||||||
| Allegiant revenue earlier than revenue taxes as reported (GAAP) | $ 7.8 | $ 29.7 | $ 73.9 | $ 79.3 | ||||
| Allegiant particular prices(2) | 39.5 | 14.6 | 67.3 | 16.0 | ||||
| Allegiant curiosity expense, internet(3) | 22.2 | 13.2 | 38.4 | 23.7 | ||||
| Allegiant depreciation and amortization | 58.5 | 65.0 | 116.4 | 124.7 | ||||
| Allegiant-only EBITDA(1)(2)(3) | $ 128.0 | $ 122.5 | $ 296.0 | $ 243.7 | ||||
| Allegiant-only EBITDA margin(1)(2)(3) | 16.5 % | 18.3 % | 19.6 % | 18.2 % | ||||
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | |||||||
| Consolidated | Amount | Per Share | Amount | Per Share | ||||
| Reconciliation of adjusted consolidated earnings per share and adjusted consolidated internet revenue (thousands and thousands besides share and per share quantities) | ||||||||
| Net revenue (loss) as reported (GAAP) | $ (4.9) | $ (65.2) | ||||||
| Less: Net revenue allotted to taking part securities | — | — | ||||||
| Net revenue (loss) attributable to frequent inventory (GAAP) | $ (4.9) | $ (0.21) | $ (65.2) | $ (3.62) | ||||
| Plus: Loss on extinguishment of debt(3) | 3.7 | 0.16 | — | — | ||||
| Plus: Special prices, internet of recoveries(2) | 66.0 | 2.89 | 117.9 | 6.55 | ||||
| Minus: Income tax impact of changes above | (13.8) | (0.60) | (30.0) | (1.67) | ||||
| Adjusted internet revenue(1) | $ 51.1 | $ 22.7 | ||||||
| Less: Adjusted consolidated internet revenue allotted to taking part securities | (0.8) | (0.03) | (0.5) | (0.03) | ||||
| Effect of dilutive securities | (0.01) | — | ||||||
| Adjusted internet revenue attributable to frequent inventory(1) | $ 50.3 | $ 2.19 | $ 22.2 | $ 1.23 | ||||
| Shares used for diluted computation (GAAP) (1000’s) | 22,852 | 17,995 | ||||||
| Shares used for diluted computation (adjusted) (1000’s) | 22,975 | 18,027 | ||||||
| Six Months Ended June 30, 2026 | Six Months Ended June 30, 2025 | |||||||
| Consolidated | Amount | Per Share | Amount | Per Share | ||||
| Reconciliation of adjusted consolidated earnings per share and adjusted consolidated internet revenue (thousands and thousands besides share and per share quantities) | ||||||||
| Net revenue (loss) as reported (GAAP) | $ 37.6 | $ (33.1) | ||||||
| Less: Net revenue allotted to taking part securities | (0.5) | — | ||||||
| Net revenue (loss) attributable to frequent inventory (GAAP) | $ 37.1 | $ 1.80 | $ (33.1) | $ (1.84) | ||||
| Plus: Net revenue allotted to taking part securities | 0.5 | 0.03 | — | — | ||||
| Plus: Loss on extinguishment of debt(3) | 3.7 | 0.18 | 3.4 | 0.19 | ||||
| Plus: Special prices, internet of recoveries(2) | 93.7 | 4.54 | 116.4 | 6.47 | ||||
| Minus: Income tax impact of changes above | (14.4) | (0.70) | (30.5) | (1.70) | ||||
| Adjusted internet revenue(1) | $ 120.7 | $ 56.2 | ||||||
| Less: Adjusted consolidated internet revenue allotted to taking part securities | (1.7) | (0.08) | (1.4) | (0.08) | ||||
| Effect of dilutive securities | — | (0.01) | ||||||
| Adjusted internet revenue attributable to frequent inventory(1) | $ 119.0 | $ 5.77 | $ 54.8 | $ 3.03 | ||||
| Shares used for diluted computation (GAAP) (1000’s) | 20,634 | 17,989 | ||||||
| Shares used for diluted computation (adjusted) (1000’s) | 20,634 | 18,076 | ||||||
| Three Months Ended June 30, | Six Months Ended June 30, | |||||||
| 2026 | 2025 | 2026 | 2025 | |||||
| Reconciliation of adjusted airline-only working CASM excluding gas, particular prices and cargo (thousands and thousands) | ||||||||
| Consolidated working bills (GAAP) | $ 922.4 | $ 756.9 | $ 1,573.7 | $ 1,390.9 | ||||
| Minus: Sunseeker working bills | — | 131.3 | — | 157.8 | ||||
| Airline-only working bills | 922.4 | 625.6 | 1,573.7 | 1,233.1 | ||||
| Minus: airline particular prices(2) | 66.0 | 14.6 | 93.7 | 16.0 | ||||
| Minus: gas bills | 307.7 | 165.8 | 487.9 | 332.1 | ||||
| Minus: cargo bills | 24.1 | — | 24.1 | — | ||||
| Adjusted airline-only working bills, excluding gas, particular prices and cargo bills(1)(2) | $ 524.6 | $ 445.2 | $ 968.0 | $ 885.0 | ||||
| System obtainable seat miles (thousands and thousands)(5) | 6,406.3 | 5,799.4 | 11,536.9 | 11,251.0 | ||||
| Airline-only value per obtainable seat mile (cents) | 13.89 | 10.79 | 13.37 | 10.96 | ||||
| Adjusted airline-only value per obtainable seat mile excluding gas, particular prices and cargo bills (cents)(2)(3) | 8.19 | 7.68 | 8.40 | 7.87 | ||||
| (1) | Denotes non-GAAP determine. |
| (2) | In 2026 and 2025, we acknowledged sure bills as particular prices associated to each: (1) Airline actions together with accelerated depreciation on airframes recognized for early retirement, accelerated amortization of software program recognized for redevelopment, prices associated to the Sun Country Airlines acquisition, organizational restructuring, and a credit score loss on a notice receivable, and (2) Sunseeker Resort together with prices associated to the sale of the resort and weather-related damages (internet of recoveries). For an inventory of those prices, see the particular prices desk above. The adjusted numbers on this earnings launch exclude the impact of those particular prices. |
| (3) | In 2026 and 2025, the Company incurred losses on debt extinguishment associated to prepayment of debt services. These are added again, the place acceptable, in our adjusted outcomes. |
| (4) | Results embrace the monetary efficiency of Sun Country just for the interval from and after May 13, 2026. |
| (5) | Available seat miles don’t embrace cargo. |
| * Note that quantities might not recalculate resulting from rounding | |
SOURCE Allegiant Travel Company
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