Allegiant Travel CO (ALGT) Form 8-K — Nov 4, 2026
Allegiant Travel Company reported third quarter 2026 results on November 4, 2026, posting a GAAP loss per share of $(0.56) and a much smaller adjusted loss of $(0.03) per share. Revenue of $961.6M more than doubled as reported due to the Sun Country acquisition (closed May 13, 2026), rising 19.0% on a pro forma basis. The quarter beat guidance despite a 55.5% surge in fuel cost per gallon to $3.98: adjusted operating margin of 3.1% exceeded the 1.0%-3.0% guidance range, and record third-quarter TRASM of 14.18 cents rose 28.3% year over year pro forma on 5.7% less capacity. Co-brand remuneration grew 23.6% and an Expedia partnership is adding new customers.
Key figures
- Revenue
- 961600000
- Guidance
- Q4 2026 adjusted EPS $1.00-$1.50 on fuel at $4.75/gal, adjusted operating margin 6.0%-7.0%; full-year 2026 adjusted EPS >$6.00 reaffirmed
- Total Debt
- 2938000000
- Revenue Yoy
- 71.1% (as reported, reflecting Sun Country acquisition); +19.0% on pro forma basis
- Cash Position
- 864700000
- Shares Outstanding
- 26,990 thousand weighted-average basic shares in Q3
- Net debt
- 2100000000
- Q3 capex
- 135700000
- Synergy target
- >$140M annual run-rate by 2029
- Adjusted ebitda
- 110900000
- Trasm pro forma yoy
- +28.3%
- Fuel cost per gallon
- $3.98 (+55.5% YoY)
- Adjusted operating margin
- 3.1%
- Pilot retention bonus payment
- 267000000
AI analysis
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