Quarterly UpdatesJun 30, 2026, 09:02 AM
Allegiant Raises Q2 EPS Guidance to at least $1.25 After Sun Country Acquisition
AI Summary
Allegiant Travel Company has updated its second-quarter 2026 adjusted earnings per share guidance to at least $1.25 for the combined entity, following its acquisition of Sun Country Airlines on May 13, 2026. This revised outlook is a significant improvement from the previously issued standalone Allegiant Air guidance of an adjusted loss per share of approximately $0.50. The positive revision is driven by a favorable demand environment and a reduction in fuel expenses during June.
Key Highlights
- Combined Q2 2026 adjusted EPS expected to be at least $1.25.
- Previous standalone Allegiant Air Q2 guidance was an adjusted loss of ~$0.50 per share.
- Sun Country Airlines acquisition completed on May 13, 2026.
- Q2 TRASM for standalone Allegiant Air expected to increase more than 23% year-over-year.
- Key assumptions include fuel cost ~$4.20/gallon and 23.5M diluted shares.
Price Impact
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