Allegiant Travel Company (ALGT) Earnings
Allegiant Travel Company is expected to report next earnings on August 3, 2026 (in NaN days), with a consensus EPS estimate of $-0.40. ALGT has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +94.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $3.40 | $3.77 | +10.9% | $732M | +3.0% |
| Feb 4, 2026 | $2.01 | $2.86 | +42.3% | $656M | -4.7% |
| Nov 4, 2025 | $-1.84 | $-2.09 | -13.6% | $562M | -12.0% |
| Feb 4, 2025 | $0.48 | $2.10 | +337.5% | $628M | -12.6% |
| Jul 31, 2024 | $0.84 | $1.77 | +110.7% | $666M | +1.3% |
| Nov 2, 2023 | $0.13 | $0.09 | -30.8% | $565M | -2.5% |
| Aug 2, 2023 | $3.73 | $4.35 | +16.6% | $684M | +3.3% |
| May 3, 2023 | $2.30 | $3.04 | +32.2% | $650M | +3.3% |
| Feb 1, 2023 | $0.69 | $3.17 | +359.4% | $612M | +5.7% |
| Nov 2, 2022 | $-0.47 | $-0.54 | -14.9% | $560M | +0.7% |
| Aug 3, 2022 | $0.62 | $0.62 | +0.0% | $630M | +0.1% |
| May 4, 2022 | $0.10 | $-0.12 | -220.0% | $500M | +41.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
• Greg Anderson started with first quarter performance overview, mentioned 14.9% adjusted operating margin, highest since pre-COVID, operational performance outstanding with 99.9% controllable completion factor. • Commercial initiatives: leveraged technology, co-branded credit card with over 600k cardholders, Allegiant Extra outpacing expectations. • Navigating current environment: optimized network for profitability, flexed schedules, reduced off-peak capacity and service on longer stage length routes due to jet fuel costs. • Progress on Sun Country acquisition, expected to close in coming weeks. • Drew Wells discussed commercial performance: $732.4M total revenue, up 9.6%, TRASM 14.31 cents, up 16.4%, fixed fee results contributed meaningfully. • Vijay Neal walked through financial results: net income $69.6M, earnings per share $3.77, adjusted operating margin 14.9%, EBITDA $168M, EBITDA margin 22.9%. Discussed costs, balance sheet, fleet, and Sun Country transaction.
Guidance
• Second quarter standalone guidance: midpoint of guided range expects operating margin of 1% and loss per share of approx 50 cents based on assumed fuel price of $4.35 per gallon. • Maintaining full-year CapEx guidance as Sun Country transaction not expected to materially change outlook. • Confident in $140M expected synergies and ability to grow earnings in first full year post-close of Sun Country transaction. • Expect to share more on full-year earnings estimates in due course.
Segment performance
First quarter total revenue was $732.4 million, up 9.6% vs prior year. Adjusted operating margin was 14.9%, highest since pre-COVID. TRASM was 14.31 cents, up 16.4% year over year. Non-fuel adjusted operating expenses down nearly 6% year over year. Co-branded credit card has over 600,000 cardholders, card remuneration represents just over 5% of annual revenue. Allegiant Extra contributing to TRASM growth and higher loyalty.
Analyst Q&A
Q: Dialing back capacity in June quarter, impact of Sun Country merger.
A: Drew said zero impact from Sun Country timeline or integration, purely fuel-related decision.
Q: Feedback on Value Airline Association letter.
A: Greg said DOT requested ABA carriers meeting, requested ABA to provide potential options for high fuel environment, Allegiant and Sun Country in strong financial position, but would consider federal assistance if offered. •
Q: Mix of fixed fee flying.
A: Drew said fixed fee through first quarter and early April was phenomenal, focus on lines with fuel pass-through, Sun Country has meaningful fixed fee and cargo business.
Q: Card remuneration long-term outlook.
A: Drew said stretch goal is 10% of revenue, more achievable now, Sun Country in transition on bank provider. •
Q: RASL cadence.
A: Drew said expect second quarter to be high watermark, 80% of third quarter left to book.
Q: View on yield and load factors in second quarter.
A: Drew said expect continued load factor expansion, yields will lead the way. •
Q: Capacity adjustments in third quarter.
A: Drew said more focused in off-peak periods, September growth rate to come down.
Q: Quarterly fuel recapture targets.
A: Drew said refining and honing capacity in off-peaks, pushing fare in peaks, responding to demand. •
Q: 737s performance in fuel environment.
A: Greg said MAX represents larger share of ASMs, 20% fuel burn efficiency, ownership cost same as used A320. BJ said excited about MAX results, opportunity to exercise options from order book. •
Q: Acceleration in 2Q RASM growth.
A: Drew said peak, off-peak not wildly different, demand has run strong.
Q: Investor day timing.
A: Greg said focused on closing Sun Country transaction, plan to have investor day before end of year but not firmed up. •
Q: Impact of Spirit rescue impasse.
A: Dan said potential spillover to Allegiant but small.
Q: Premium revenue.
A: Drew said Allegiant Extra revenue relatively flat, Sun Country has similar extra legroom product. •
Q: Post Labor Day demand in high fuel scenario.
A: Drew said would look ahead of timeline, everything looks great no matter how spliced.
Q: CASMX and Q3.
A: Vijay said 1Q came in above expectations, expect 2Q to be high point, 80% of Q3 left. •
Q: Sun Country synergy timeline.
A: Greg said retain conviction in $140M synergies, expect to achieve them, timing related to closing and ramp.