ALGT

Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Allegiant Travel (ALGT), which belongs to the Zacks Transportation - Airline industry. This travel services company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 26.59%. For the most recent quarter, Allegiant Travel was expected to post earnings of $3.4 per share, but it reported $3.77 per share instead, representing a surprise of 10.88%. For the previous quarter, the consensus estimate was $2.01 per share, while it actually produced $2.86 per share, a surprise of 42.29%. With this earnings history in mind, recent estimates have been moving higher for Allegiant Travel. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Allegiant Travel has an Earnings ESP of +38.65% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric. Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving hi...

Delta Air Lines will kick off second-quarter earnings season for major airlines on July 10, and things have been looking up for the group

LAS VEGAS, June 23, 2026 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) (the "Company," "we," "us," or "our") announced today that it has received for purchase $377,534,000 aggregate principal amount of its outstanding 7.250% Senior Secured Notes Due 2027 (the "Notes") validly tendered (and not validly withdrawn) by 5:00 p.m., New York City time, on June 23, 2026 (the "Early Tender Deadline"), and has received consents (the "Consents") from holders (each a "Holder" and collectively the "Holders) of a majority (93.68%) of the aggregate principal amount of the Notes outstanding as of the Early Tender Deadline pursuant to the Company's tender offer (the "Tender Offer") to purchase for cash any and all of its outstanding $403,009,000 remaining aggregate principal amount of Notes and solicitation of consents (the "Consent Solicitation") to proposed amendments (the "Proposed Amendments") to the Indenture, dated August 17, 2022 (the "Indenture"), which governs the Notes. Information related to the Notes, the aggregate principal amount of Notes validly tendered (and not validly withdrawn) by the Early Tender Deadline, and other information relating to the Tender Offer and Consent Solicitation are listed in the table below. The terms and conditions of the Tender Offer and Consent Solicitation are described in greater detail in the Offer to Purchase and Consent Solicitation Statement, dated June 9, 2026 (the "Statement"), which Holders should carefully read before making any decision with respect to the Tender Offer and Consent Solicitation. With respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline, the Company has elected to have an initial settlement date with payment for such Notes expected to occur on June 24, 2026 (unless extended by the Company) (the "Initial Settlement Date"), subject to the satisfaction of certain conditions described in the Statement, including the Company successfully completing one or more debt financings. Holders who validly tendered their Notes and thereby delivered their consents at or prior to the Early Tender Deadline are eligible to receive total consideration (the "Total Consideration") of $1,005.00 per $1,000 principal amount of Notes, which includes the consideration for the Notes validly tendered (and not validly withdrawn), pursuant to the Statement, of $955.00 per $1,0...

Allegiant Travel Company (ALGT) reported impressive first-quarter 2026 results, wherein both earnings and revenues beat the Zacks Consensus Estimate. Quarterly earnings of $3.77 per share outpaced the Zacks Consensus Estimate of $3.40 and increased year over year. Revenues for the first quarter of 2026 were $732.4 million, surpassing the Zacks Consensus Estimate of $711.9 million and rising 4.8% year over year. Passenger revenues, which accounted for the bulk (91.7%) of the top line, grew 8.9% on a year-over-year basis. Allegiant Travel Company price-consensus-eps-surprise-chart | Allegiant Travel Company Quote Air traffic (measured in revenue passenger miles) for scheduled services fell 1.4% year over year in the quarter under review. Capacity (measured in available seat miles or ASMs) fell 5.9% from the year-ago number. The load factor (percentage of seats filled by passengers) increased to 84.4% from 80.5% in the reported quarter. Airline operating costs per available seat miles, excluding fuel, rose 7.1% year over year to 8.64 cents. The average fuel cost per gallon (scheduled) increased 15.2% year over year to $3.03. Total scheduled service passenger revenues per available seat mile rose to 14.31 cents from 12.29 cents a year ago. Gregory Anderson, chief executive officer of Allegiant, stated, "First-quarter demand was exceptional, particularly during peak periods, driving more than a 16 percent year-over-year increase in TRASM, with total yields up over 20 percent year-over-year. That performance allowed us to set an all-time quarterly record despite a 5.9 percent year-over-year reduction in capacity. We are pleased to see our commercial initiatives taking hold and contributing to our results, including an 8.9 percent increase in co-brand remuneration compared to the prior year.” Anderson further added, “As we move into the second quarter, leisure demand remains healthy despite geopolitical dynamics that have impacted the broader economy. We have proactively reduced capacity during off-peak times and shortened average stage lengths as we navigate the higher fuel environment. We now expect second-quarter capacity to be down 6.5 percent year-over-year. With regulatory approvals now behind us, and pending shareholder approvals, we expect to close on the acquisition of Sun Country by as early as mid-May.” As of March 31, 2026, Allegiant’s total unrestricte...

Achieved a 14.9% adjusted operating margin in Q1, the highest for a first quarter since pre-COVID, by prioritizing flexible capacity over maximum aircraft utilization. Performance was driven by a 16.4% increase in TRASM and a 21% yield improvement, reflecting strong leisure demand and a unit-revenue-favorable schedule. Management attributes operational success to a 99.9% controllable completion factor despite a higher mix of complex peak-day flying. The commercial strategy is increasingly supported by the co-branded credit card, which now represents over 5% of annual revenue with 600,000 cardholders. The premium seating product, Allegiant Extra, is outpacing expectations by driving higher loyalty and repeat customer purchases. Strategic positioning is reinforced by aircraft ownership, providing the flexibility to accelerate retirements of older, less efficient planes if fuel prices remain elevated. Q2 capacity plan was revised to a 6.5% year-over-year reduction in ASMs to mitigate margin pressure from sharply rising jet fuel costs. Management expects Q2 TRASM growth to exceed the 16.4% delivered in Q1, driven by continued yield strength and load factor expansion. Q3 capacity is projected to be flat to slightly down year-over-year, with reductions focused on off-peak days and shoulder seasons. The Sun Country acquisition is expected to close around May 13, 2026, following shareholder votes scheduled for May 8. The company maintains high conviction in achieving $140 million in run-rate synergies, with 2027 expected to be the first full year of realization. Fuel price volatility remains the primary headwind, with Q2 guidance assuming $4.35 per gallon, an incremental $120 million expense relative to previous plans. The Sun Country merger adds contractual fuel pass-through structures via charter and cargo businesses, which will represent approximately 10% of the combined company's revenue. The 737 MAX transition is expected to reach 50% of ASMs by 2028, offering a 20% improvement in fuel burn efficiency compared to legacy aircraft. Management noted that while they are participating in industry discussions regarding federal assistance for value carriers, Allegiant remains in a stronger financial position than its peers. Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap...

LAS VEGAS (AP) — LAS VEGAS (AP) — Allegiant Travel Co. (ALGT) on Thursday reported first-quarter earnings of $42.5 million. The Las Vegas-based company said it had profit of $2.30 per share. Earnings, adjusted for non-recurring costs, were $3.77 per share. The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $3.40 per share. The travel services company posted revenue of $732.4 million in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $711.9 million. Allegiant Travel shares have fallen 12% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $75.46, an increase of 61% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALGT at https://www.zacks.com/ap/ALGT

First quarter 2026 GAAP diluted earnings per share of $2.30 First quarter 2026 adjusted diluted earnings per share of $3.77(1)(2), up 78.7 percent year-over-year LAS VEGAS, April 30, 2026 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the below financial results for first quarter 2026, as well as comparisons to the prior year. "We had a great start to the year, delivering another quarter of strong operational and financial results," stated Gregory Anderson, chief executive officer of Allegiant Travel Company. "Customer service continues to be a top priority, and I'm pleased to report the team once again achieved a controllable completion rate exceeding 99.9%. We know that when we operate well, we perform well, and that is evidenced by our first-quarter adjusted operating margin of 14.9 percent, which marked more than a five-point improvement year-over-year and the highest first quarter level since COVID. We believe it will be the highest among U.S. airlines. "First-quarter demand was exceptional, particularly during peak periods, driving more than a 16 percent year-over-year increase in TRASM, with total yields up over 20 percent year-over-year. That performance allowed us to set an all-time quarterly record despite a 5.9 percent year-over-year reduction in capacity. We are pleased to see our commercial initiatives taking hold and contributing to our results, including an 8.9 percent increase in co-brand remuneration compared to the prior year. "As we move into the second quarter, leisure demand remains healthy despite geopolitical dynamics that have impacted the broader economy. We have proactively reduced capacity during off-peak times and shortened average stage lengths as we navigate the higher fuel environment. We now expect second-quarter capacity to be down 6.5 percent year-over-year. A core tenet of our long-term success is flexing our capacity to focus on profitability over utilization. We are confident that the strength of our business model and strong financial position will allow us to navigate this elevated fuel environment as well as any airline in our sector. "With regulatory approvals now behind us, and pending shareholder approvals, we expect to close on the acquisition of Sun Country by as early as mid-May. Closing in just over four months after announcement highlights the agility and capabilities of the company. We...

For the quarter ended March 2026, Allegiant Travel (ALGT) reported revenue of $732.43 million, up 4.8% over the same period last year. EPS came in at $3.77, compared to $1.81 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $711.87 million, representing a surprise of +2.89%. The company delivered an EPS surprise of +10.88%, with the consensus EPS estimate being $3.40. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how Allegiant Travel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Total system statistics - Available seat miles (ASMs): 5.13 billion compared to the 5.14 billion average estimate based on three analysts. Scheduled service statistics - Available seat miles (ASMs): 4.99 billion versus the three-analyst average estimate of 5 billion. Total system statistics - Airline operating CASM, excluding fuel: 8.64 cents versus the three-analyst average estimate of 8.68 cents. Total system statistics - Airline operating expense per ASM (CASM): 12.7 cents compared to the 12 cents average estimate based on three analysts. Scheduled service statistics - Revenue passenger miles (RPMs): 4.21 billion versus 4.15 billion estimated by three analysts on average. Total system statistics - Average fuel cost per gallon: $3 per gallon versus $2.9 per gallon estimated by three analysts on average. Scheduled service statistics - Total passenger revenue per ASM (TRASM): 14.31 cents compared to the 13.85 cents average estimate based on three analysts. Scheduled service statistics - Load factor: 84.4% compared to the 83.1% average estimate based on two analysts. Total system statistics - Passengers: 4,428,463 versus the two-analyst average estimate of 4,362,406. Operating Revenues- Fixed fee contracts: $18.12 million versus $17.73 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +11.5% change. Operating Revenues- Pa...

Allegiant Travel (ALGT) reported late Thursday Q1 adjusted earnings of $3.77 per diluted share, up f

Image source: The Motley Fool. Thursday, April 30, 2026 at 4:30 p.m. ET Chief Executive Officer — Greg Anderson Chief Commercial Officer — Drew Wells President and Chief Financial Officer — Robert Neal Sherry Wilson: We will begin today’s call with Greg Anderson, CEO, providing a high level overview of the quarter along with an update on our business. Drew Wells, Chief Commercial Officer, will walk through demand commentary and revenue performance, and finally, Robert Neal, President and Chief Financial Officer, will speak to our financial results and outlook. Following commentary, we will open it up to questions. We ask that you please limit yourself to one question and one follow-up if needed. The company’s comments today will contain forward-looking statements concerning our future performance and strategic plan. Various risk factors could cause the underlying assumptions of these statements and our actual results to differ materially from those expressed or implied by our forward-looking statements. These risk factors and others are more fully disclosed in our filings with the SEC. Any forward-looking statements are based on information available to us today. We undertake no obligation to update publicly any forward-looking statements whether as a result of future events, new information or otherwise. The company cautions investors not to place undue reliance on forward-looking statements which may be based on assumptions and events that do not materialize. To view this earnings release as well as the rebroadcast of the call, feel free to visit the company’s investor relations site at ir.allegiantair.com. And with that, I will turn it to Greg. Greg Anderson: Thank you, Sherry, and thanks to everyone for joining us this afternoon. For today’s call, I will start with a brief overview of our first quarter performance and then update you on our commercial initiatives, outline how we are navigating the current environment, and close with a few remarks on the status of our acquisition of Sun Country. We started the year on a very strong note. Our first quarter results reflect the momentum we built through last year, delivering a 14.9% adjusted operating margin, up nearly six points year over year and slightly above our guided range. Importantly, we achieved our highest first quarter adjusted operating margin since pre-COVID, and we believe our margin will prov...

Allegiant Travel (ALGT) came out with quarterly earnings of $3.77 per share, beating the Zacks Consensus Estimate of $3.4 per share. This compares to earnings of $1.81 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +10.88%. A quarter ago, it was expected that this travel services company would post earnings of $2.01 per share when it actually produced earnings of $2.86, delivering a surprise of +42.29%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. Allegiant Travel, which belongs to the Zacks Transportation - Airline industry, posted revenues of $732.43 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 2.89%. This compares to year-ago revenues of $699.07 million. The company has topped consensus revenue estimates two times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. Allegiant Travel shares have lost about 12.6% since the beginning of the year versus the S&P 500's gain of 4.2%. While Allegiant Travel has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for Allegiant Travel was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the comple...

This article first appeared on GuruFocus. Adjusted Operating Margin: 14.9%, up nearly 6 points year over year. Total Revenue: $732.4 million, up 9.6% versus the prior year. TRASM (Total Revenue per Available Seat Mile): $0.1431, up 16.4% year over year. Net Income: $69.6 million, resulting in earnings per share of $3.77. EBITDA: $168 million, with an EBITDA margin of 22.9%. Non-Fuel Unit Costs: $0.0864, up 7.1% year over year. Fuel Cost: Averaged $3.04 per gallon in the quarter. Total Liquidity: $1.2 billion, including $933.5 million in cash and investments. Total Debt: $1.8 billion, with net debt of $858 million. Aircraft Fleet: Ended the quarter with 123 aircraft in operation. Co-Branded Credit Card Revenue: Increased by 9% compared to the same period last year. Fixed Fee Revenue: $18.1 million, up 11.5% versus the prior year. Warning! GuruFocus has detected 4 Warning Sign with ALGT. Is ALGT fairly valued? Test your thesis with our free DCF calculator. Release Date: April 30, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Allegiant Travel Co (NASDAQ:ALGT) achieved a 14.9% adjusted operating margin in Q1 2026, marking the highest first-quarter margin since pre-COVID. The company reported a 16.4% increase in total revenue per available seat mile (TRASM), setting a first-quarter record. Allegiant Travel Co (NASDAQ:ALGT) ended the quarter with total liquidity of $1.2 billion, indicating a strong financial position. The co-branded credit card program saw a 9% increase in compensation from the bank, contributing significantly to profits. The acquisition of Sun Country is expected to enhance financial and operational flexibility, with the merger anticipated to close soon. Jet fuel costs have risen sharply, with crack spreads nearly tripling, impacting near-term industry profits. Allegiant Travel Co (NASDAQ:ALGT) plans a 6.5% year-over-year reduction in available seat miles (ASMs) for Q2 2026 due to fuel cost pressures. Non-fuel unit costs increased by 7.1% year over year, primarily driven by a reduction in capacity. The company expects to generate a loss per share of approximately $0.50 in Q2 2026, influenced by high fuel prices. There is uncertainty regarding the impact of the Sun Country merger on full-year guidance, with potential challenges in achieving synergies due to the volatile fuel environment....