Allegiant Travel Company is asking stockholders to elect 11 directors, approve an advisory vote on executive compensation, and ratify KPMG LLP as independent auditor at its June 25, 2026 annual meeting. Stockholders of record on April 29, 2026, with 18,437,290 common shares outstanding, may vote in person, by mail, phone, or Internet.
The proxy details a board of 11 members, eight of whom are independent and many with deep airline experience, including three new directors designated in connection with Allegiant’s acquisition of Sun Country Airlines. The filing outlines a largely performance-based pay program for named executives, with 2025 record airline-only operating revenue of $2.5 billion, strong operational metrics such as 99.9% controllable completion, and incentive plans tied to cost, margin, on-time performance, utilization, and relative total stockholder return. It also highlights sustainability initiatives, a 2030 carbon-intensity reduction target, and expanded ESG and governance oversight by the nominating and governance committee.
Allegiant Travel Company furnishes a shareholder letter describing a strong 2025 and its planned acquisition of Sun Country Airlines. Management highlights record operational performance, including a 99.9% controllable completion rate, industry-low cancellations, leading baggage handling, and no involuntary denied boardings for the year.
Financially, earnings expanded significantly as Allegiant increased departures 13% without adding aircraft or headcount and ended 2025 with nearly $1.1 billion in total liquidity. The company reduced debt using proceeds from the Sunseeker Resort divestiture and emphasizes a disciplined balance sheet and capital allocation approach.
The letter outlines strategic priorities: integrating Sun Country with targeted annual synergies of $140 million, expanding a Boeing 737 MAX fleet that uses roughly 20% less fuel than A320s, and growing commercial initiatives such as Allegiant Extra and a co-branded credit card with over 600,000 cardholders, which contributes just over 5% of annual revenue.
Kennedy Thomas C reported acquisition or exercise transactions in this Form 4 filing.
Allegiant Travel Co director Thomas C. Kennedy received a grant of 1,000 shares of common stock as restricted stock. The award was made at no cash purchase price and will vest on May 13, 2027. After this grant, he directly holds 6,894 Allegiant Travel Co shares.
Allegiant Travel Company director Thomas C. Kennedy filed an initial ownership report showing common stock received through Allegiant’s merger with Sun Country Airlines. On May 13, 2026, Allegiant completed a two-step merger in which Sun Country became a wholly owned subsidiary. Under the merger terms, each Sun Country common share was converted into the right to receive $4.10 in cash plus 0.1557 Allegiant common shares. Sun Country equity awards held by Kennedy fully vested, were cancelled and converted into this same merger consideration, resulting in direct ownership of 5,894 Allegiant common shares reported in this Form 3.
Allegiant Travel Company has closed its acquisition of Sun Country Airlines, creating a larger leisure-focused U.S. airline. Each Sun Country share was converted into $4.10 in cash plus 0.1557 shares of Allegiant common stock. Sun Country became a wholly owned subsidiary through a two-step merger structure.
The combined company will operate a fleet of 195 aircraft serving nearly 175 cities, with about 22 million annual customers and more than 650 routes. Allegiant expects about $140 million in annual synergies within three years and projects the deal will be accretive to earnings per share in the first full year after closing. Allegiant’s board expanded from eight to eleven directors, adding three Sun Country designees, and Jude Bricker will provide integration-focused advisory services under a monthly fee arrangement.
Donald Smith & Co., Inc. reports beneficial ownership of 1,668,046 shares of Allegiant Travel Co. Common Stock, representing 9.04% of the class as reported in a Schedule 13G. The filing states Donald Smith & Co. holds sole voting power for 1,598,806 shares and sole dispositive power for 1,652,666 shares. The schedule notes these securities are held in advisory accounts for institutional clients and that no single client owns more than 5% of the class. The filing is signed by Richard L. Greenberg, CEO and Co-CIO, dated 05/13/2026. The issuer CUSIP is 01748X102.
Allegiant Travel Company reported that its stockholders approved issuing new common shares required to complete its previously announced merger with Sun Country Airlines Holdings, Inc.
At the special meeting, 16,060,619 of 18,448,344 eligible shares were represented, about 87.05% of shares outstanding as of the record date. The share issuance proposal passed overwhelmingly, with 15,997,541 votes for, 34,204 against, and 28,874 abstaining. Because the proposal was approved, a separate adjournment proposal was not needed.
Allegiant Travel Company reported stronger results for the quarter ended March 31, 2026. Total operating revenue reached $732.4 million, up from $699.1 million, driven mainly by $671.8 million of passenger revenue and solid growth in third party products and fixed fee flying.
Net income increased to $42.5 million from $32.1 million, with diluted EPS rising to $2.30. Airline operating CASM excluding fuel and special charges climbed to 8.64¢ as capacity was reduced 5.9%, while TRASM rose 16.4% on stronger leisure demand and higher base fares. Operating cash flow improved to $268.1 million, supporting $177.8 million of fleet-related capital spending.
The company advanced its planned acquisition of Sun Country Airlines, securing early HSR termination and DOT approval of a joint interim exemption, and now targets closing as early as May 13, 2026, subject to shareholder approvals and remaining conditions. Allegiant ended the quarter with $933.6 million in cash and investments and $1.79 billion of debt and finance leases, and continues to accrue a sizable pilot retention bonus tied to a future labor agreement.
Allegiant Travel Company reported a strong first quarter 2026 and added new aircraft financing. Total operating revenue was $732.4 million, up 4.8% year over year, with GAAP net income of $42.5 million and diluted EPS of $2.30.
After excluding special charges, adjusted net income was $69.6 million and adjusted diluted EPS was $3.77, up 78.7% from the prior year. Adjusted operating margin reached 14.9%, and adjusted EBITDA was $168.0 million with a 22.9% margin. Passenger revenue rose 8.9% while capacity, measured in available seat miles, fell 5.9%, driving a 16.4% increase in TRASM.
Liquidity remained solid, with $1.2 billion of total available liquidity at March 31, 2026, including $933.5 million in cash and investments and undrawn revolvers. Net debt was $858.3 million. The company entered a fully drawn $115 million aircraft-backed credit facility maturing in 2029 and a separate $176 million facility for newly delivered aircraft, with an initial $44.0 million advance expected in early May 2026.
For second quarter 2026, Allegiant guides to about a 6.5% year-over-year capacity reduction, fuel at $4.35 per gallon, adjusted operating margin of 0.0%–2.0%, and adjusted EPS between –$1.00 and breakeven. Management also expects, pending shareholder approvals, to close the Sun Country Airlines acquisition as early as mid-May.