Allegiant Travel Company reported stronger results for the six months ended June 30, 2026, driven by the acquisition of Sun Country and improved airline economics. Total operating revenues were $1,675.9 million, up from $1,388.5 million a year earlier, with second‑quarter revenues of $943.5 million. Allegiant Air delivered record quarterly revenue of $776.2 million and a TRASM record of 14.42¢, supported by higher fares and strong ancillary and co‑brand credit card income.
For the first half, the company generated net income of $37.6 million versus a prior‑year loss, though it posted a modest second‑quarter net loss of $4.9 million as fuel expense rose 85.6% and special charges totaled $66.0 million. Sun Country, acquired on May 13, 2026 for approximately $976.0 million, added passenger, charter, and $27.6 million of cargo revenue, and is now a separate reportable segment.
Total assets increased to $6.44 billion, with property and equipment at $4.23 billion and long‑term debt and finance lease obligations rising to $2.78 billion. Operating cash flow was $314.1 million, while the company continued a significant fleet and growth program, including 196 aircraft in service, new Boeing 737 MAX deliveries, substantial new financing facilities, and a new 7.125% Senior Secured Notes due 2031 issuance used partly to refinance 2027 notes.
Allegiant Travel’s SVP and Chief Accounting Officer Rebecca Aretos satisfied tax withholding on vested restricted stock by returning 220 shares of common stock to the company at $105.09 per share. Following this tax-withholding disposition, she directly holds 10,668 Allegiant Travel shares.
Allegiant Travel Co executive Drew Allen Wells, EVP and Chief Commercial Officer, reported a tax-withholding disposition of 260 shares of common stock on 2026-08-04. The shares were restricted stock that had vested, and a portion was returned to the company to satisfy tax obligations, effectively repurchased at $105.09 per share.
After this transaction, Wells directly holds 35,191 shares, which includes 259 shares of restricted stock acquired on April 30, 2026 through the issuer's employee stock purchase plan under an exemption in Rule 16-b-3(c). The reported move reflects tax settlement rather than an open-market sale.
Allegiant Travel executive Tyler Jay Hollingsworth, SVP and Chief Operating Officer, reported a tax-withholding disposition of 195 shares of common stock on 2026-08-04. The shares, from vested restricted stock, were effectively repurchased by the company at $105.09 per share to fund his tax obligations.
After this withholding transaction, Hollingsworth directly owns 20,096 Allegiant Travel common shares. The Rule 10b5-1 trading plan checkbox for this transaction was not marked as being pursuant to such a plan.
Allegiant Travel Co’s President & CFO Neal Robert James satisfied tax obligations by returning 260 shares of common stock that had vested from a restricted stock grant. The company effectively repurchased these shares at $105.09 per share for tax withholding, leaving him with 35,989 directly held shares.
Allegiant Travel Company reported second quarter 2026 total operating revenue of $943.5 million, up 36.9 percent year over year, and a GAAP net loss of $4.9 million, or $(0.21) per diluted share, compared with a $65.2 million loss a year earlier.
Excluding special charges and debt extinguishment, adjusted net income was $51.1 million and adjusted diluted EPS rose 78.0 percent to $2.19; for the first six months of 2026, adjusted diluted EPS was $5.77 versus $3.03. Standalone Allegiant Air generated record quarterly revenue of $776.2 million and a 9.0 percent adjusted operating margin despite substantially higher fuel costs.
Results include Sun Country from May 13, 2026, and management targets at least $140 million in annual run-rate synergies within three years of close. The company ended June 30, 2026 with $1.3B of liquidity and $2.8B of total debt, and issued full-year 2026 guidance for adjusted diluted EPS of more than $6.00.
Allegiant Travel Company reports that its pilots, represented by Teamsters Local 2118, ratified a new collective bargaining agreement on July 31, 2026. With this ratification, a previously accrued retention bonus for pilots will become payable to eligible pilots in the fourth quarter of 2026.
The agreement introduces new pay tables for Allegiant pilots, enhanced retirement plan contributions, and additional employee benefits. It also calls for a quick transition to a commercial preferential bidding system, designed to increase transparency in schedule construction and better support Allegiant’s low-frequency, high-variability business model.
Allegiant Travel Company entered into an amended pre-delivery payment financing facility and additional secured credit arrangements supporting its aircraft fleet.
On July 27, 2026 it amended a PDP Facility with Runway Seven Lender LLC, providing a $231,028,700 full‑recourse loan commitment, undrawn, maturing March 31, 2028, to fund Boeing aircraft pre‑delivery payments, secured by a first‑priority collateral assignment of the relevant Boeing purchase agreement. On July 24, 2026 it also established an undrawn credit facility of up to $177.5 million secured by certain Airbus aircraft, with fixed‑rate, SOFR‑based notes and quarterly amortization over five to six years from July 2027, for general corporate purposes. In July 2026 it borrowed $132.0 million under a previously disclosed $176.0 million Boeing 737‑MAX facility, now fully drawn, with floating‑rate loans and 10‑year quarterly repayments used to finance recent aircraft deliveries.
BlackRock, Inc. filed Amendment No. 5 reporting beneficial ownership of common stock of Allegiant Travel Company. BlackRock reports beneficial ownership of 3,401,272 shares of Allegiant common stock, representing 12.7% of the class. It has sole voting power over 3,371,289 shares and sole dispositive power over 3,401,272 shares, with no shared voting or dispositive power reported.
The filing aggregates securities beneficially owned, or deemed beneficially owned, by certain business units of BlackRock and its subsidiaries. It notes that iShares Core S&P Small-Cap ETF has an interest in Allegiant common stock that is more than five percent of the total outstanding common stock.
Dimensional Fund Advisors LP, a Delaware limited partnership and registered investment adviser, reports beneficial ownership of 1,344,801 shares of Allegiant Travel Co common stock, representing 5.0% of the class, based on ownership information dated 06/30/2026.
Dimensional has sole voting power over 1,316,675 shares and sole dispositive power over 1,344,801 shares, with no shared voting or dispositive power. All reported securities are owned by underlying funds it advises; Dimensional may be deemed a beneficial owner through its authority over these accounts but expressly disclaims beneficial ownership, and to its knowledge no single fund holds 5% or more of the class.