Allegiant Travel Company (ALGT) reported its third-quarter 2026 financial results, posting a GAAP loss of $(0.56) per share and an adjusted loss of $(0.03) per share. The results were impacted by a 55.5% year-over-year increase in fuel costs but were also bolstered by strong demand and the recent acquisition of Sun Country Airlines. Despite the quarterly loss, the company reaffirmed its full-year 2026 adjusted earnings guidance of greater than $6.00 per share, citing strong booking momentum and commercial initiatives.
Key Details
- Q3 2026 Financials: Total operating revenue increased 71.1% to $961.6 million, largely driven by the Sun Country acquisition. The company reported a GAAP net loss of $(15.2) million, an improvement from a $(43.6) million loss in Q3 2025.
- 2026 Guidance: Allegiant reaffirmed its full-year 2026 adjusted EPS guidance of greater than $6.00. For the fourth quarter of 2026, the company forecasts an adjusted EPS between $1.00 and $1.50 and an adjusted operating margin of 6.0% to 7.0%.
- Fleet Update: In October 2026, the company exercised purchase options for six Boeing 737-8 aircraft, scheduled for delivery in 2028. This brings total firm orders to 56 aircraft under the agreement.
- Operational Context: The financial results include the performance of Sun Country Airlines from the acquisition close date of May 13, 2026, making year-over-year comparisons less direct. The company noted a 28.3% pro forma increase in Total Revenue per Available Seat Mile (TRASM).