earnings
confidence high
sentiment positive
materiality 0.80
Allegiant Q2 adjusted EPS $2.19 beats; full-year guidance >$6.00; Sun Country integration on track
Allegiant Travel CO
- Q2 GAAP loss per share $(0.21); adjusted diluted EPS $2.19, up 78% YoY from $1.23.
- Total operating revenue $943.5M (+36.9% YoY); Allegiant standalone revenue $776.2M (+16.1%) on 6.8% less capacity.
- Sun Country acquisition closed May 13; management expects $140M+ annual run-rate synergies within three years.
- Full-year 2026 adjusted EPS guidance >$6.00; Q3 guidance ($1.00)-$0.00 on ~6.5% system ASM decline.
- Issued $650M 7.125% Senior Secured Notes due 2031; used proceeds to repurchase $377.5M of 7.25% notes due 2027.