Quarterly ResultApr 30, 2026, 04:26 PM
ALGT Q1 Adj. EPS $3.77; Sun Country Acquisition Expected Mid-May
AI Summary
Allegiant Travel Company reported strong first quarter 2026 financial results with adjusted diluted EPS of $3.77, up 78.7% year-over-year, and record total operating revenue of $732.4 million. The company announced that the acquisition of Sun Country is expected to close as early as mid-May, pending shareholder approvals. For the second quarter of 2026, Allegiant anticipates a ~6.5% year-over-year capacity reduction and an adjusted operating margin between 0.0% and 2.0% due to the higher fuel environment.
Key Highlights
- Sun Country acquisition expected to close by mid-May, pending shareholder approvals.
- Q1 GAAP diluted EPS $2.30, up 32.9% year-over-year.
- Q1 adjusted diluted EPS $3.77, up 78.7% year-over-year.
- Q1 total operating revenue $732.4M, up 9.6% year-over-year (airline-only).
- Q1 adjusted operating margin 14.9%, a 5.6 percentage point improvement year-over-year.
- Total available liquidity was $1.2B at March 31, 2026.
- Q2 capacity expected to be down ~6.5% year-over-year.
- Q2 adjusted operating margin guidance is 0.0% - 2.0%.