Earnings Releases·Nov 4, 2026, 4:01 PM ET

Allegiant Travel Company — Third Quarter 2026 Earnings Summary

Consolidated operating revenue surged 71.1% year-over-year to $961.6 million, while GAAP net loss narrowed significantly to $15.2 million from $43.6 million in the prior year period, driven by a shift to $10.8 million in operating income versus a $27.2 million loss previously.
Adjusted operating margin improved 3.4 percentage points year-over-year to 3.1%, and adjusted EBITDA margin rose 1.6 percentage points to 11.5%, despite fuel costs increasing 94.1% to $293.6 million due to a 55.5% rise in average fuel price.
Management reaffirmed full-year 2026 adjusted EPS guidance of greater than $6.00 and provided Q4 2026 guidance for an adjusted operating margin of 6.0% to 7.0% and adjusted EPS of $1.00 to $1.50.
Strategic progress includes the exercise of six Boeing 737-8 purchase options for 2028 delivery, bringing total firm orders to 56 with 74 options remaining, alongside a $267.0 million pilot retention bonus payment included in Q3 cash flows.
The combined entity serves approximately 22 million annual customers across 650+ routes, with TRASM reaching a record 14.18 cents and co-brand credit card remuneration growing 23.6% year-over-year.