Allegiant Travel CO: Amendment to bylaws to change the number of directors from eight to eleven.
“the Allegiant Board approved and adopted an amendment to Allegiant’s bylaws (the “ Bylaws Amendment ”) to change the number of directors on the Board from eight to eleven”
M&A Transactions
Allegiant Travel CO completed an acquisition involving Sun Country Airlines Holdings, Inc. for $4.10 in cash, without interest, plus 0.1557 shares of Allegiant common stock per share of Sun Country common stock (closed 2026-05-13).
“issued and outstanding share (“ Share ”) of common stock, par value $0.01 per share of Sun Country (“ Sun Country Common Stock ”), was converted into the right to receive (i) $4.10 in cash, without interest (the “ Per Share Cash Consideration ”) and (ii) 0.1557 (the “ Merger Exchange Ratio ”) shares of Allegiant common stock (“ Allegiant Common Stock ”),”
Thomas Kennedy was appointed as Director at Allegiant Travel CO.
“Thomas Kennedy, a current member of the Sun Country Board”
Jennifer Vogel was appointed as Director at Allegiant Travel CO.
“Jennifer Vogel, a current member of the Sun Country Board”
Jude Bricker was appointed as Director at Allegiant Travel CO.
“three directors designated by Sun Country joined the Allegiant Board: (i) Jude Bricker, the President and CEO of Sun Country, and current member of the Sun Country board of directors”
Shareholder Votes
Allegiant Travel CO shareholders approved Proposal to approve the issuance of shares of Company Common Stock pursuant to the Merger Agreement at the 2026-05-08 meeting.
“Company stockholders approved the Share Issuance Proposal by the following count: Votes For: 15,997,541 Votes Against: 34,204 Votes Abstaining: 28,874”
Earnings Releases
Allegiant Travel CO reported the quarter ended March 31, 2026 results: revenue $732.4, net income 42.5, EPS 2.30.
“Summary Results Consolidated (5) Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2026 2025 YoY Total operating revenue $ 732.4 $ 699.1 4.8 % Total operating expense 651.3 634.1 2.7 % Operating income 81.1 65.0 24.8 % Income before income taxes 66.0 41.9 57.5 % Net income 42.5 32.1 32.4 % Diluted earnings per share 2.30 1.73 32.9 %”
Debt Financings
Allegiant Travel CO incurred credit facility of up to $176 million at three-month SOFR plus a margin.
“On April 28, 2026, the Company, through its wholly-owned operating subsidiary, entered into another credit facility to borrow up to $176 million.”
Debt Financings
Allegiant Travel CO incurred credit facility of up to $115 million at three-month SOFR plus a margin maturing April 2029.
“On April 27, 2026, the Company, through a wholly-owned subsidiary, entered into a credit facility to borrow up to $115 million.”
Material Agreements
Allegiant Travel CO entered into Agreement and Plan of Merger with Sun Country Airlines Holdings, Inc., Mirage Merger Sub, Inc., Sawdust Merger Sub, LLC (effective 2026-01-11).
“On January 11, 2026, Allegiant Travel Company, a Nevada corporation (“ Allegiant ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”) with Sun Country Airlines Holdings, Inc., a Delaware corporation (“ Sun Country ”), Mirage Merger Sub, Inc., a Delaware corporation and a direct wholly owned subsidiary of Allegiant (“ Merger Sub 1 ”), and Sawdust Merger Sub, LLC, a Nevada limited liability company and a direct wholly owned subsidiary of Allegiant (“ Merger Sub 2 ”, together with Merger Sub 1, the “ Merger Subs ” )”
Material Agreements
Allegiant Travel CO amended Credit Agreement with Barclays Bank PLC valued at $150.0 million (effective 2025-12-05).
“On December 5, 2025, Allegiant Travel Company (the “Company”) entered into an amendment to its Revolving Credit and Guaranty Agreement dated as of August 17, 2022 (the “Credit Agreement”) with Barclays Bank PLC (“Barclays”) as administrative agent.”
M&A Transactions
Allegiant Travel CO completed a disposition involving affiliates of Blackstone Real Estate Group for $200,000,000 (closed 2025-09-04).
“relationship, other than in respect of the transaction, between the buying entities and the Company or any of its affiliates. At closing, the Company received cash proceeds of $200,000,000 less various closing adjustments. The Company expects to use the proceeds of the transaction to pay down corporate debt and for other general corporate purposes SIGNATURE Pursuant”
Debt Financings
Allegiant Travel CO incurred credit facility of $158.6 million at floating interest rates maturing 12 years.
“On July 1 and July 2, 2025, the Company, through wholly owned subsidiaries, borrowed $158.6 million under previously reported credit facilities secured by Boeing 737-MAX aircraft. The loans provide for floating interest rates and quarterly payments over terms of 12 years.”
Debt Financings
Allegiant Travel CO incurred credit facility of up to $144.0 million at SOFR plus a margin maturing 12 years.
“On June 10, 2025, Allegiant Travel Company (the “Company”), through a wholly owned subsidiary, entered into a credit facility under which it will be able to borrow up to $144.0 million to be secured by Boeing 737 MAX aircraft expected to deliver to the Company.”
Tyler Hollingsworth was appointed as chief operating officer at Allegiant Travel CO.
“The Company announced that Tyler Hollingsworth, has been designated to serve as the Company’s chief operating officer as of May 1, 2025, having served as interim chief operating officer since March 2025.”
Keny Wilper resigned as senior vice president and chief operating officer at Allegiant Travel CO.
“On March 3, 2025, Allegiant Travel Company (the “Company”) announced that Keny Wilper has resigned as senior vice president and chief operating officer of the Company.”
Restructurings & Charges
Allegiant Travel CO announced a impairment with charges of estimated amount of $322 million affecting Sunseeker Resort, including the Aileron golf course and related real estate.
“management of Allegiant Travel Company (“the Company”) concluded that the carrying value of Sunseeker Resort ("the Resort"), including the Aileron golf course and related real estate, is no longer fully recoverable based on a detailed analysis of the estimated future cash flows and an independent third party valuation of the Resort and these other assets. As a result, the Company will record a non-cash impairment charge in the estimated amount of $322 million during the fourth quarter of fiscal year 2024.”
Scott DeAngelo departed as executive vice president, chief marketing officer at Allegiant Travel CO.
“On September 5, 2024, the Company announced that Scott DeAngelo will resign as executive vice president, chief marketing officer of the Company effective as of September 30, 2024.”
Maurice (Maury) Gallagher, Jr. changed role as chief executive officer at Allegiant Travel CO.
“Maurice (Maury) Gallagher, Jr. will retire as the Company’s chief executive officer as of that date but will continue to serve the Company as Executive Chairman.”
Gregory C. Anderson was appointed as Director at Allegiant Travel CO.
“Mr. Anderson will also be added to the Board of Directors as of September 1, 2024.”
Gregory C. Anderson was elected as chief executive officer at Allegiant Travel CO.
“On July 8, 2024, the Board of Directors elected Gregory C. Anderson to serve as the Company’s chief executive officer effective as of September 1, 2024.”
Robert P. Wilson, III departed as executive vice president, chief information officer at Allegiant Travel CO.
“On June 10, 2024, the Company announced that Robert P. Wilson, III will retire as executive vice president, chief information officer of the Company effective as of July 1, 2024.”
Earnings Releases
Allegiant Travel CO reported financial results for the quarter ended March 31, 2024.
“On May 7, 2024, Allegiant Travel Company (the “Company”) issued the press release attached as Exhibit 99.1 to this Form 8-K concerning our results of operations for the quarter ended March 31, 2024.”
Earnings Releases
Allegiant Travel CO reported financial results for the quarter and year ended December 31, 2023.
“On February 5, 2024, Allegiant Travel Company (the “Company”) issued the press release attached as Exhibit 99.1 to this Form 8-K concerning our results of operations for the quarter and year ended December 31, 2023.”
Governance Changes
Allegiant Travel CO: Board approved amendment to By-laws to set the number of directors at seven (effective 2024-01-30).
“On January 30, 2024, the Board of Directors of the Company approved an amendment to the Company’s By-laws to set the number of Directors of the Company at seven (7).”
Material Agreements
Allegiant Travel CO entered into Facility with Runway Seven Lender LLC valued at $157,709,050 (effective 2023-11-01).
“On November 1, 2023, Allegiant Travel Company and its subsidiary, Allegiant Air, LLC (“Allegiant Air”) (together, the “Company”) entered into a credit facility with Runway Seven Lender LLC (the “Lender”), an entity managed by Carlyle Aviation Management Limited (the “Facility”) involving full-recourse loans (“Loans”) to be made available from time to time.”
Maurice (Maury) Gallagher was appointed as Chief Executive Officer at Allegiant Travel CO.
“Maurice (Maury) Gallagher, the Company’s executive chairman and former chief executive officer, resumed the duties of chief executive officer”
John Redmond resigned as Chief Executive Officer at Allegiant Travel CO.
“John Redmond has resigned as chief executive officer and as a Director of the Company.”
Earnings Releases
Allegiant Travel CO reported six months ended June 30, 2023 results: revenue $ 1,333.5, net income 144.6, EPS 7.84.
“Consolidated Six Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2023 2022 YoY Total operating revenue $ 1,333.5 $ 1,130.0 18.0 % Total operating expense 1,105.2 1,096.6 0.8 Operating income 228.3 33.4 583.5 Income (loss) before income taxes 190.8 (4.7) NM Net income (loss) 144.6 (3.5) NM Diluted earnings (loss) per share 7.84 (0.20) NM”
Earnings Releases
Allegiant Travel CO reported second quarter 2023 results: revenue $ 683.8, net income 88.5, EPS 4.80.
“Consolidated Three Months Ended June 30, Percent Change (unaudited) (in millions, except per share amounts) 2023 2022 YoY Total operating revenue $ 683.8 $ 629.8 8.6 % Total operating expense 550.4 603.7 (8.8) % Operating income 133.4 26.1 411.1 % Income before income taxes 116.3 5.8 NM Net income 88.5 4.4 NM Diluted earnings per share 4.80 0.24 NM”
Shareholder Votes
Allegiant Travel CO shareholders rejected Stockholder proposal regarding having an independent chairman of the Board at the 2023-06-21 meeting.
“5. Stockholder proposal regarding having an independent chairman of the Board (proposal rejected): Votes For: 6,169,056 Votes Against: 10,343,162 Votes Abstaining: 15,221 Broker Non-votes: 746,832”
Shareholder Votes
Allegiant Travel CO shareholders approved Ratify appointment of KPMG LLP as independent registered public accounting firm at the 2023-06-21 meeting.
“4. To ratify the appointment of KPMG LLP as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023 (proposal ratified): Votes For: 17,258,940 Votes Against: 9,526 Votes Abstaining: 5,805 Broker Non-votes: None”
Shareholder Votes
Allegiant Travel CO shareholders approved Advisory vote on frequency of future votes on executive compensation at the 2023-06-21 meeting.
“3. Advisory vote on frequency of future votes on executive compensation (an annual vote is the preference of a majority of the shares): Every 1 year: 13,355,365 Every 2 years: 10,469 Every 3 years: 3,157,706 Votes Abstaining: 3,899”
Shareholder Votes
Allegiant Travel CO shareholders approved Advisory vote approving executive compensation at the 2023-06-21 meeting.
Allegiant Travel CO shareholders approved Election of eight directors at the 2023-06-21 meeting.
“1. Election of a Board of Directors of eight members to hold office until the next Annual Meeting of Stockholders or until their respective successors have been elected or appointed. Votes For Votes Withheld Abstain Maurice J. Gallagher, Jr. 16,157,757 357,678 12,004 Montie Brewer 16,104,050 406,715 16,674 Gary Ellmer 14,776,863 1,736,467 14,109 Ponder Harrison 16,364,055 149,260 14,124 Linda A. Marvin 15,993,238 518,139 16,062 Sandra Morgan 16,196,444 309,711 21,284 Charles Pollard 16,050,906 462,472 14,061 John Redmond 16,290,151 224,805 12,483 There were 746,832 broker non-votes with respect to the election of Directors.”
Earnings Releases
Allegiant Travel CO reported first quarter 2023 results: revenue $649.7, net income $56.1, EPS $3.09. Guidance raised.
“to the prior year: Consolidated Three Months Ended March 31, Percent Change (unaudited) (in millions, except per share amounts) 2023 2022 YoY Total operating revenue $ 649.7 $ 500.1 29.9 % Total operating expense 554.9 492.9 12.6 % Operating income 94.8 7.2 1,216.7 % Income (loss) before income taxes 74.4 (10.6) 801.9 % Net income (loss) 56.1 (7.9)”
Debt Financings
Allegiant Travel CO incurred revolving credit of up to $100.0 million at a floating rate based on SOFR maturing 36 months.
“On February 1, 2023, Allegiant Travel Company (“ the Company”) , through a wholly owned subsidiary, entered into a new senior secured revolving credit facility under which it will be able to borrow up to $100.0 million based on the value of new and used aircraft and engines which the Company may choose (subject to certain concentration limits and asset age restrictions) to place in the collateral pool.”
Earnings Releases
Allegiant Travel CO reported the quarter ended December 31, 2022 results: revenue $611.5 million, net income $52.5 million, EPS $2.87 per diluted share. Guidance initiated.
“EBITDA, excluding recognition bonus and Sunseeker special charges (1)(2)(3) , of $149.3 million, yielding an EBITDA margin of 24.4 percent • Total operating revenue was $611.5 million, up 32.6% percent year over three-year • TRASM of 14.03 cents, the highest quarterly TRASM in company history, up 21.3 percent year over three-year on scheduled service capacity”
Gregory Anderson changed role as President at Allegiant Travel CO.
“Gregory Anderson, who currently serves as our President and Chief Financial Officer will continue to serve as the sole President of the Company.”
Robert J. Neal was appointed as Senior Vice President and Chief Financial Officer at Allegiant Travel CO.
“on January 30, 2023, the Company announced the designation of Robert J. Neal as Senior Vice President and Chief Financial Officer.”
Keny Wilper was appointed as interim Chief Operating Officer at Allegiant Travel CO.
“The Company announced that Keny Wilper has been designated to serve as interim Chief Operating Officer.”
Scott Sheldon resigned as president and chief operating officer at Allegiant Travel CO.
“On January 27, 2023, Scott Sheldon resigned as president and chief operating officer of the Company effective as of April 1, 2023.”
Earnings Releases
Allegiant Travel CO reported the nine months ended September 30, 2022 results: revenue $ 1,690.3, net income (50.0), EPS (2.78).
“Nine Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $ 1,690.3 $ 1,211.0 $ 1,379.9 39.6 % 22.5 % Total operating expense 1,687.8 981.3 1,108.6 72.0 52.2 Operating income 2.4 229.7 271.3 (98.9) (99.1) Income (loss) before income taxes (60.9) 181.5 222.6 (133.6) (127.4) Net income (loss) (50.0) 141.2 171.6 (135.4) (129.1) Diluted earnings (loss) per share (2.78) 8.18 10.54 (134.0) (126.4)”
Earnings Releases
Allegiant Travel CO reported the three months ended September 30, 2022 results: revenue $ 560.3, net income (46.5), EPS (2.58).
“Consolidated Three Months Ended September 30, Percent Change (unaudited) (in millions, except per share amounts) 2022 2021 2019 YoY Yo3Y Total operating revenue $ 560.3 $ 459.5 $ 436.5 22.0 % 28.4 % Total operating expense 591.2 393.2 364.4 50.4 62.3 Operating income (loss) (30.9) 66.3 72.1 (146.6) (142.9) Income (loss) before income taxes (56.2) 50.2 56.9 (211.8) (198.7) Net income (loss) (46.5) 39.3 43.9 (218.4) (205.8) Diluted earnings (loss) per share (2.58) 2.18 2.70 (218.3) (195.6)”
Gregory Anderson changed role as president and chief financial officer at Allegiant Travel CO.
“Mr. Anderson’s title will be president and chief financial officer.”
Scott Sheldon changed role as president and chief operating officer at Allegiant Travel CO.
“Mr. Sheldon’s title will be president and chief operating officer.”
John Redmond was appointed as Chief Executive Officer at Allegiant Travel CO.
“John Redmond, currently President of the Company, will succeed Mr. Gallagher as the Company’s Chief Executive Officer and will also retain the title of President.”
Maurice J. Gallagher, Jr. changed role as Executive Chairman at Allegiant Travel CO.
“Maurice J. Gallagher, Jr. plans to transition to the role of Executive Chairman as of June 1, 2022.”
Sandra Douglass Morgan was appointed as Director at Allegiant Travel CO.
“On October 18, 2021, the Board of Directors of the Company has selected Sandra Douglass Morgan to fill a vacancy on the Board created by an amendment to the Company’s By-laws.”
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