Allegiant Travel
Leisure-only airline group connecting small US cities to vacation destinations through Allegiant Air and Sun Country.
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Profile
Operates scheduled leisure flights from underserved US cities to vacation destinations through Allegiant Air, and charter plus Amazon cargo service through Sun Country Airlines, with ancillary fees and vacation packages making up roughly half of combined revenue.
Point-to-point leisure service from small and mid-size US cities to a concentrated set of destinations — principally Florida, Las Vegas, and the Southwest. Routes operate at low frequency, with roughly three-quarters facing no nonstop rival. Ancillary fees and bundled vacation packages account for roughly half of total revenue.
The 2026 acquisition of Sun Country Airlines layered in charter flights and an Amazon air cargo contract alongside Sun Country's scheduled leisure flying, diversifying beyond Allegiant Air's ancillary-heavy model. Both carriers continue under separate FAA operating certificates pending single-certificate approval.
The fleet is Airbus A320-family supplemented by Boeing 737s now entering service. A Florida hospitality venture, Sunseeker Resort, was sold in 2025, refocusing the group on airline operations.
Company facts
Categories
Key statistics
Year to date −10.3% · Average volume (30d) 513.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 24, 2026 | Raymond James | Upgrade | Outperform | Strong Buy | $98 | $116 |
| Aug 5, 2026 | UBS | Reiterate | Neutral | $103 | $111 | |
| Jul 8, 2026 | UBS | Upgrade | Neutral | Buy | ||
| Jul 8, 2026 | Barclays | Target | $95 | $145 | ||
| Jul 7, 2026 | Susquehanna | Reiterate | Neutral | $110 | $132 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $1.11 | $2.19 | +97.3% | $982.7M | $943.5M | −4.0% | −1.05% |
| Apr 30, 2026Q1 FY26 | $3.40 | $3.77 | +10.9% | $711.0M | $732.4M | +3.0% | −0.82% |
| Feb 4, 2026Q4 FY25 | $2.01 | $2.86 | +42.3% | $645.4M | $656.2M | +1.7% | −0.44% |
| Nov 4, 2025Q3 FY25 | −$1.84 | −$2.09 | −13.6% | $638.7M | $561.9M | −12.0% | +25.06% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $699.1M | $689.4M | $561.9M | $656.2M | $732.4M | $943.5M | |
| Gross profit | $432.8M | $118.4M | $91.9M | $125.7M | $479.1M | $579.6M | |
| Operating income | $65.0M | −$67.5M | −$27.2M | $84.7M | $81.1M | $21.1M | |
| Net income | $32.1M | −$65.2M | −$43.6M | $31.9M | $42.5M | −$4.9M | |
| Diluted EPS | $1.73 | −$3.62 | −$2.41 | $1.73 | $2.30 | −$0.27 | |
| Gross margin | 61.9% | 17.2% | 16.4% | 19.1% | 65.4% | 61.4% | |
| Operating margin | 9.3% | -9.8% | -4.8% | 12.9% | 11.1% | 2.2% |
Fiscal years (4-quarter sums)FY21 $1.71B · FY22 $2.30B · FY23 $2.51B · FY24 $2.51B · FY25 $2.61B
Revenue by product · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $1.05B · Total debt $2.85B · Total assets $6.44B · Shareholders' equity $1.78B
Dividends
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| May 14, 2024 | May 15 | Jun 3 | $0.60 | |
| Feb 14, 2024 | Feb 15 | Mar 1 | $0.60 | |
| Nov 14, 2023 | Nov 15 | Dec 1 | $0.60 | |
| Aug 14, 2023 | Aug 15 | Sep 1 | $0.60 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 26.88M · Float 24.19M · 90.0% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 3.54M | 13.18% | 13F | Aug 7, 2026 |
| Maurice J. Gallagher, Jr. | 2.05M | 11.10% | 13D | Mar 10, 2026 |
| Vanguard Portfolio Management LLC | 1.51M | 5.60% | 13F | Aug 13, 2026 |
| Donald Smith & Co., Inc. | 1.49M | 5.56% | 13F | Aug 11, 2026 |
| American Century Companies Inc | 1.43M | 5.34% | 13F | Aug 12, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 10, 2026 | Maurice J. Jr Gallagher | director, 10 percent owner, officer: Executive Chairman | −19,618 | $113.54 |
| Feb 9, 2026 | Maurice J. Jr Gallagher | director, 10 percent owner, officer: Executive Chairman | −105,382 | $115.13 |
| Feb 6, 2026 | Maurice J. Jr Gallagher | director, 10 percent owner, officer: Executive Chairman | −175,000 | $114.23 |
| Oct 28, 2025 | Sandra Douglass Morgan | director | −350 | $65.00 |
Peers
- Southwest Airlines
Highest nonstop route overlap in small-city leisure scheduled service
- Frontier Group
Closest ULCC peer targeting same price-driven leisure travelers
- Expedia Group
Largest US OTA competing for bundled flight+hotel+car leisure packages
- Booking
Global OTA parent of Priceline and Kayak competing for leisure bookings
- JetBlue
Leisure-focused carrier absorbing Spirit's vacated Florida–Las Vegas routes
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Allegiant Travel | $78.94 | 0.00% | $2.12B | 58.5 | 9.0 | 0.7 | +36.9% |
| Southwest Airlines | $39.88 | +0.62% | $19.39B | 24.3 | 9.5 | 0.6 | +16.4% |
| Frontier Group | $5.91 | +1.20% | $1.34B | — | 121.5 | 0.3 | +37.7% |
| Expedia Group | $328.50 | −0.28% | $37.72B | 20.5 | 14.7 | 2.4 | +14.0% |
| Booking | $205.82 | +0.10% | $159.34B | 22.8 | 18.5 | 5.6 | +8.2% |
| JetBlue | $4.88 | +1.56% | $1.81B | — | — | 0.2 | +14.5% |
| Median | 22.8 | 16.6 | 0.6 | +14.5% |