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Allegiant Travel Co (ALGT) stock

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NASDAQ: ALGT Nasdaq Passenger Airlines Next results ~November 4, 2026

C Fundamentals grade

Allegiant Travel Co is a US-listed company in the passenger airlines industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$84

Valuation models combined (3)

Base case. Range ~$22–$110. Weighted average of 3 models (forward price-to-earnings vs peers, forward price-to-sales vs peers, revenue-to-maturity model).

Price vs value

No Buy/Hold/Sell rating is issued: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Allegiant Travel Co valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 7 sales by directors and officers, last 12 monthsInsider trades
  • Funds225 adding, 77 cuttingOf 63 active managers that changed their stake, 40 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Allegiant Travel files

Where Allegiant Travel Co stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $2.89bn, up 12.2% on a year earlier, faster than the 3.3% growth a quarter earlier. Free-cash-flow margin held at 3.6%. Operating margin widened to 4.9% from -11.4%. The diluted share count is up 7.5% on a year earlier, which dilutes existing holders. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 0 of our 7 financial-health checks. Our valuation models combined value is $51.99 a share, against a share price of $69.21.

Source: 10-Q filed August 10, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 4, 2026 (estimated)

Allegiant Travel Co's trailing-twelve-month revenue grew 12.2% year on year, with a free-cash-flow margin of 3.6%. Where it stands out: change in growth rate of +8.9pp ranks 4 of 16 passenger airlines companies we cover. Where it lags: change in share count of 7.5% ranks 10 of 10 passenger airlines companies we cover.

Current signal Results well ahead of expectations: Reported earnings per share beat the analysts' consensus estimate by 73% in the quarter to 2026-06-30, the 3rd beat in the last four quarters.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Growth speeding up. The growth rate is 8.9 points higher than a quarter earlier.
  • Margins widening. Operating margin is up 16.3 points on a year ago.

Things to watch

  • Results due soon. Results are expected around 3 November; the share price can move sharply on the day.
  • Share dilution. Diluted shares rose 7.5% in a year.
  • High earnings multiple. The shares trade at 57 times the last 12 months' earnings, so expectations are demanding.
  • Volatile shares. Over the past year the shares showed annualised volatility of 64% and a beta of 2.3 against the S&P 500.
  • Insiders selling. 1 insiders sold $34M of stock over the past 365 days and none bought (0% under pre-set trading plans).
  • Estimates being cut. Analysts' consensus for next year's earnings per share has fallen 18.3% over 90 days.

Latest results: FY2026 Q2

Filed August 10, 2026
Earnings per share
$2.19 against an average estimate of $1.27: beat by 72.9%
Revenue
$943m, up 36.9% on a year earlier
Share reaction
+0.5% in the first session after the results on August 4, 2026, against +1.6% for the S&P 500
Guidance given
system ASMs - year-over-year change growth -6.5% (Third quarter 2026 guidance); scheduled service ASMs - year-over-year change growth -5.5% (Third quarter 2026 guidance)
Next report
November 4, 2026; average EPS estimate -$0.50

Allegiant Travel's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+7.3%
  • 1 week+11.6%
  • 1 month-1.3%
  • This year-10.2%
  • 1 year+23.2%
  • 5 years-57.0%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$2.9B
Operating margin
4.9%
Net margin
0.9%
EPS (TTM, diluted)
$1.34

Growth

Revenue growth
+12.2%
Change in growth rate
+8.9 pts
Share count change
+7.5%

Cash

Free cash flow (TTM)
$103M
FCF margin
3.6%
Stock pay % of revenue
0.7%

Earnings

Last results
August 4, 2026
Next results (est.)
November 3, 2026

News & updates

Updated November 2, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Product

    Allegiant launches UNLV-backed service training for crew

    Allegiant Travel Co said it has partnered with UNLV's College of Hospitality to introduce a two-day customer experience course for flight attendants. The programme begins at East Coast bases in November and will expand across the network by Spring 2027. The company noted the initiative supports its growth following the Sun Country acquisition.

    Company releaseRead source ↗
  2. Our research
  3. Announcement
  4. Leadership
  5. Leadership

    Allegiant buys six Boeing 737s, signs new executive pay deals

    Allegiant Travel Co said it exercised options for six Boeing 737-8 aircraft, raising its firm order count to 56. The list price for the new planes exceeds $720 million, with deliveries scheduled for 2028. The company also signed new employment agreements with four executives, including CEO Gregory Anderson, whose base salary is set at $750,000.

    SEC 8-KRead source ↗
  6. Announcement

    Allegiant sets Q3 2026 earnings call for November 4

    Allegiant Travel Co said it will hold its third quarter 2026 financial results conference call on Wednesday, November 4 at 4:30 p.m. EST. The company noted that a live broadcast will be available via its Investor Relations website. An archived version of the webcast will also be posted on the site.

    Company releaseRead source ↗
  7. Financing

    Allegiant borrows $177.5m and $71.8m for aircraft

    Allegiant Travel Co said it borrowed the full $177.5 million available under a fixed-rate facility secured by fleet aircraft. The company also drew $71.8 million from a separate $231.0 million facility to fund pre-delivery payments for Boeing 737-MAX aircraft. The first loan runs for five to six years, while the second is due by March 31, 2028.

    SEC 8-KRead source ↗
  8. Announcement
  9. Announcement
  10. Announcement
  11. Announcement
  12. Announcement
  13. Results
  14. Guidance
  15. Announcement
  16. Agreement
  17. Announcement
  18. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Allegiant Travel Co valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: valued with our growth model, which doesn't carry a Buy/Hold/Sell rating yet.

Valuation models

We value Allegiant Travel Co as an operating company, with every model that fits that kind of business. Cost of equity 10.9%: the 10-year Treasury yield (4.9%) plus a beta of 1.31 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Growth cash-flow model Revenue for this year and next from analysts' consensus, then growth fading to 2.5%; the operating margin moving to profitable peers'; investment needed per dollar of growth from peers; reduced by a failure probability. For young or fast-growing companies. The starting margin is normalized to between -100% and 60%; net margin is a proxy when operating income is not tagged. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$16 Left out: far from the other models (more than 3x away from their median)
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$110 ~$98–$120 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$10 ~$4.3–$18 Left out: out of range vs price (0.13x)
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. — Does not apply: return on equity is not positive
Forward price-to-sales vs peers Next year's consensus sales per share times peers' typical forward price-to-sales; only when earnings are negative. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$22 ~$31–$120 Included, half weight
Revenue-to-maturity model Revenue grown to maturity with the cash margin moving to the industry's; for companies not yet profitable. ~$91 ~$53–$140 Included
Combined value Weighted average of the models that apply: the primary model (growth cash-flow model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$84 ~$22–$110 3 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Allegiant Travel Co with Passenger Airlines in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$149.75$150.91$143.13$94.54$167.32$182.91$180.78$65.72$81.12$94.12$85.27$76.58
Market value$2.5bn$2.5bn$2.3bn$1.5bn$2.7bn$2.9bn$3.1bn$1.2bn$1.5bn$1.7bn$1.5bn$1.5bn
+ Net debt (− = net cash)$629m$830m$1.3bn$1.3bn$1.5bn$1.7bn$1.5bn$2.0bn$2.6bn$2.2bn$1.7bn$2.6bn
Enterprise value$3.2bn$3.3bn$3.6bn$2.9bn$4.2bn$4.6bn$4.6bn$3.2bn$4.0bn$3.9bn$3.3bn$4.1bn
Multiples
Price / sales 2.0x1.8x1.5x0.9x1.5x3.0x1.8x0.5x0.6x0.7x0.6x0.5x
Price / earnings 11.5x11.3x11.6x9.3x11.6x—20.5xn/m12.4x——56.9x
Price / free cash flow 22.5x16.8x—69.1x——10.6x——43.9x20.5x14.4x
EV / EBITDA 6.7x6.9x10.3x7.7x8.0x—10.4x11.1x9.0xn/m11.5x10.5x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

21 /100

Weak moat

How hard Allegiant Travel's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.1% of total assets over 10 years.

  • Durability 1 / 20

    Operating margin has been a median 7.6%; its worst year was -11.4%.

  • Cash conversion 5 / 20

    Free cash flow was positive in 5 of 10 years, at a median 0.1% of revenue.

  • Discipline 11 / 20

    The diluted share count rose 18.3% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 4, 2026, after the close. Analysts expect revenue of $946m and EPS of −$0.50 (range −$1.06 to −$0.08) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $5.40 +42% $3.7bn +43%
Next $9.90 +83% $4.6bn +22%

Next year's EPS estimate has moved −18.3% in 90 days, across 14 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −28.5% on 90 days ago. In the last 30 days, 1 analyst raised Allegiant Travel Co's forecast and 9 cut it.

Consensus EPS forecast Allegiant Travel Co, last 90 days
$4.00 $6.00 $8.00 $10.00 $12.00 $14.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.56 Current fiscal year, 60 days ago: $6.48 Current fiscal year, 30 days ago: $6.31 Current fiscal year, 7 days ago: $5.50 Current fiscal year, Now: $5.40 $5.40 Next fiscal year, 90 days ago: $12.12 Next fiscal year, 60 days ago: $11.78 Next fiscal year, 30 days ago: $10.77 Next fiscal year, 7 days ago: $9.85 Next fiscal year, Now: $9.90 $9.90

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.56$12.12
60 days ago $6.48$11.78
30 days ago $6.31$10.77
7 days ago $5.50$9.85
Now $5.40$9.90

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $1.27 $2.19 +72.9%
Mar 2026 $3.49 $3.77 +8.1%
Dec 2025 $1.99 $2.85 +43.2%
Sept 2025 −$1.80 −$2.09 −16.4%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 4, 2026
  • Combined company unit revenue growth third quarter about 24.6% growth
    “we expect the combined company's third-quarter unit revenue growth to be approximately in line with the 24.6 percent increase achieved by standalone Allegiant in the second quarter.” source
  • Adjusted earnings per share Full-year 2026 guidance about $6.00 Non-GAAP New
    “Adjusted earnings per share (1) >$6.00” source
  • Adjusted earnings per share Third quarter 2026 guidance $-1.00 to $0.00 Non-GAAP
    “Adjusted earnings per share (1) ($1.00) - ($0.00)” source
  • Adjusted operating margin Third quarter 2026 guidance 1% to 3% Non-GAAP
    “Adjusted operating margin (1) 1.0% - 3.0%” source
  • Fuel cost per gallon Full-year 2026 guidance about $3.7
    “Fuel cost per gallon $ 3.70” source
  • Weighted average shares outstanding Full-year 2026 guidance about 23.9m
    “Weighted average shares outstanding (millions) 23.9” source
Show 11 more items
  • Aircraft-related capital expenditures Full-year CAPEX $640m to $660m
    “Aircraft-related capital expenditures (3) (millions) $640 to $660” source
  • Capitalized deferred heavy maintenance Full-year CAPEX $75m to $85m
    “Capitalized deferred heavy maintenance (millions) $75 to $85” source
  • Other capital expenditures Full-year CAPEX $115m to $125m
    “Other capital expenditures (millions) $115 to $125” source
  • Recurring principal payments Full-year CAPEX $205m to $215m
    “Recurring principal payments (4) (millions) (full year) $205 to $215” source
  • System ASMs - year-over-year change Third quarter 2026 guidance about -6.5% growth
    “System ASMs - year-over-year change (5) (~6.5%)” source
  • Scheduled service ASMs - year-over-year change Third quarter 2026 guidance about -5.5% growth
    “Scheduled service ASMs - year-over-year change (5) (~5.5%)” source
  • Fuel cost per gallon Third quarter 2026 guidance about $3.8
    “Fuel cost per gallon $ 3.80” source
  • Interest expense Third quarter 2026 guidance about $50m
    “Interest expense (2) (millions) ~$50” source
  • Capitalized interest Third quarter 2026 guidance about $-7m
    “Capitalized interest (2) (millions) (~$7)” source
  • Interest income Third quarter 2026 guidance about $12m
    “Interest income (millions) ~$12” source
  • Weighted average shares outstanding Third quarter 2026 guidance about 27.3m
    “Weighted average shares outstanding (millions) 27.3” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

14 analysts, Nov 2026
Buy1179%
Hold321%
Sell00%

Monthly trend

  1. Nov 202629314
  2. Oct 202629314
  3. Sep 202628414

Counts of recommendations published by analysts covering Allegiant Travel Co, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
9.2%
of tradable shares
Days to cover
4.45
at average volume
Short interest, 1 month
−11%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
10.1%
of shares
Employees
8,484
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +23.2%

$62.18 on October 31, 2025 to $76.58

ThenNowEffect
Revenue (last 12 months) $2.6bn $2.9bn +12.2%
P/S multiple 0.4x 0.5x +17.9%
Share count 18m 19m −7.0%

Biggest factor: p/s multiple. Loss-making at one end, so the split uses price/sales.

Last 3 years +21.5%

$63.00 on November 3, 2023 to $76.58

ThenNowEffect
Revenue (last 12 months) $2.5bn $2.9bn +15.5%
Net margin 6.0% 0.9% −85.1%
P/E multiple 7.5x 56.9x +660.1%
Share count 18m 19m −7.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
ALGT−1%−64%+23%+16%−9%−10%
Industry peers (median)−3%−24%−13%+23%−17%−21%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
ALGT33%25%50%50%50%46%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
ALGT−39%−67%−56%−55%−61%−44%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 86% from March 15, 2021 to August 14, 2024. Getting back needed a 615% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$58.03 – $119.16
From 52-week high
−35.7%
vs 50-day average
+1.5%
vs 200-day average
−12.4%
Volatility (1 year)
64%
Beta vs S&P 500
2.31

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
7 up, 5 down
typical move ±5.6%
After a week
8 up, 4 down
typical move ±12.5%
After a month
6 up, 6 down
typical move ±20.9%
Results releasedNext dayS&P 500 next day5 days21 days
August 4, 2026 +0.5% +1.6% −14.6% −27.7%
April 30, 2026 +0.7% +1.3% +10.3% +19.7%
February 4, 2026 +7.2% −1.7% +17.8% −14.3%
November 4, 2025 +17.2% −0.8% +7.8% +28.3%
August 4, 2025 +1.6% +1.0% +1.9% +36.8%
May 6, 2025 +1.6% −0.4% +15.7% +8.9%
February 4, 2025 −14.2% +1.1% −12.4% −35.8%
October 30, 2024 +7.1% −2.3% +21.7% +34.8%
July 31, 2024 −9.2% +0.2% −28.7% −22.7%
May 7, 2024 −5.7% +0.1% +5.4% −4.5%
February 5, 2024 −0.8% −0.1% +0.1% −4.8%
November 2, 2023 −1.7% +2.8% −13.5% +12.9%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Allegiant Travel Co in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Allegiant Travel Co
$2.4B $2.5B $2.6B $2.7B $2.8B $2.9B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $2.5B Revenue (TTM), FY23 Q4: $2.5B Revenue (TTM), FY24 Q1: $2.5B Revenue (TTM), FY24 Q2: $2.5B Revenue (TTM), FY24 Q3: $2.5B Revenue (TTM), FY24 Q4: $2.5B Revenue (TTM), FY25 Q1: $2.6B Revenue (TTM), FY25 Q2: $2.6B Revenue (TTM), FY25 Q3: $2.6B Revenue (TTM), FY25 Q4: $2.6B Revenue (TTM), FY26 Q1: $2.6B Revenue (TTM), FY26 Q2: $2.9B $2.9B

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $2.5B
FY23 Q4 $2.5B
FY24 Q1 $2.5B
FY24 Q2 $2.5B
FY24 Q3 $2.5B
FY24 Q4 $2.5B
FY25 Q1 $2.6B
FY25 Q2 $2.6B
FY25 Q3 $2.6B
FY25 Q4 $2.6B
FY26 Q1 $2.6B
FY26 Q2 $2.9B
Revenue growth, TTM YoY Allegiant Travel Co
-5% 0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 14.8% Revenue growth, TTM YoY, FY23 Q4: 9.0% Revenue growth, TTM YoY, FY24 Q1: 2.7% Revenue growth, TTM YoY, FY24 Q2: -0.3% Revenue growth, TTM YoY, FY24 Q3: -0.6% Revenue growth, TTM YoY, FY24 Q4: 0.1% Revenue growth, TTM YoY, FY25 Q1: 1.5% Revenue growth, TTM YoY, FY25 Q2: 3.2% Revenue growth, TTM YoY, FY25 Q3: 3.3% Revenue growth, TTM YoY, FY25 Q4: 3.7% Revenue growth, TTM YoY, FY26 Q1: 3.3% Revenue growth, TTM YoY, FY26 Q2: 12.2% 12.2%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 14.8%
FY23 Q4 9.0%
FY24 Q1 2.7%
FY24 Q2 -0.3%
FY24 Q3 -0.6%
FY24 Q4 0.1%
FY25 Q1 1.5%
FY25 Q2 3.2%
FY25 Q3 3.3%
FY25 Q4 3.7%
FY26 Q1 3.3%
FY26 Q2 12.2%
Operating margin (TTM) Allegiant Travel Co
-20% -10% 0% 10% 20% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 11.9% Operating margin (TTM), FY23 Q4: 8.8% Operating margin (TTM), FY24 Q1: 5.6% Operating margin (TTM), FY24 Q2: 1.7% Operating margin (TTM), FY24 Q3: 1.4% Operating margin (TTM), FY24 Q4: -9.6% Operating margin (TTM), FY25 Q1: -7.5% Operating margin (TTM), FY25 Q2: -11.4% Operating margin (TTM), FY25 Q3: -11.4% Operating margin (TTM), FY25 Q4: 1.4% Operating margin (TTM), FY26 Q1: 2.0% Operating margin (TTM), FY26 Q2: 4.9% 4.9%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 11.9%
FY23 Q4 8.8%
FY24 Q1 5.6%
FY24 Q2 1.7%
FY24 Q3 1.4%
FY24 Q4 -9.6%
FY25 Q1 -7.5%
FY25 Q2 -11.4%
FY25 Q3 -11.4%
FY25 Q4 1.4%
FY26 Q1 2.0%
FY26 Q2 4.9%
FCF margin (TTM) Allegiant Travel Co
-20% -10% 0% 10% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: -12.7% FCF margin (TTM), FY23 Q4: -13.4% FCF margin (TTM), FY24 Q1: -15.4% FCF margin (TTM), FY24 Q2: -8.7% FCF margin (TTM), FY24 Q3: -1.2% FCF margin (TTM), FY24 Q4: 2.4% FCF margin (TTM), FY25 Q1: 5.6% FCF margin (TTM), FY25 Q2: 2.7% FCF margin (TTM), FY25 Q3: -1.6% FCF margin (TTM), FY25 Q4: 1.0% FCF margin (TTM), FY26 Q1: 5.0% FCF margin (TTM), FY26 Q2: 3.6% 3.6%

Source: SEC EDGAR filings. Retrieved October 26, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 -12.7%
FY23 Q4 -13.4%
FY24 Q1 -15.4%
FY24 Q2 -8.7%
FY24 Q3 -1.2%
FY24 Q4 2.4%
FY25 Q1 5.6%
FY25 Q2 2.7%
FY25 Q3 -1.6%
FY25 Q4 1.0%
FY26 Q1 5.0%
FY26 Q2 3.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 558 664 779 909 996 1,137 1,262 1,379 1,511 1,667 1,841 990 1,708 2,302 2,510 2,513 2,607 2,894
EBITDA 152 140 127 190 224 241 470 478 352 373 520 −105 444 289 444 18 286 388
Operating income 122 105 85 132 155 157 372 373 231 243 364 −281 263 92 221 −240 37 142
Net income 76 66 49 79 92 87 220 221 198 162 232 −184 152 2 118 −240 −45 26
Diluted EPS $3.76 $3.32 $2.57 $4.06 $4.82 $4.86 $12.94 $13.29 $12.13 $10.00 $14.26 −$11.53 $8.68 $0.14 $6.29 −$13.49 −$2.48 $1.34
Growth (year on year)
Revenue — +18.9% +17.4% +16.6% +9.6% +14.1% +11.0% +9.3% +9.6% +10.3% +10.4% −46.2% +72.5% +34.8% +9.0% +0.1% +3.7% +12.2%
EBITDA — −8.1% −8.7% +49.0% +18.0% +7.5% +95.1% +1.7% −26.3% +5.8% +39.4% −120.1% — −34.9% +53.6% −95.9% — —
Operating income — −14.4% −18.4% +54.8% +17.0% +1.7% +136.2% +0.2% −38.1% +5.6% +49.5% −177.2% — −65.2% +141.1% −208.6% — —
Net income — −13.9% −24.8% +59.1% +17.4% −6.1% +154.2% +0.2% −10.3% −18.3% +43.5% −179.3% — −98.4% — −304.3% — —
Diluted EPS — −11.7% −22.6% +58.0% +18.7% +0.8% +166.3% +2.7% −8.7% −17.6% +42.6% −180.9% — −98.4% — −314.5% — —
Margins
EBITDA margin 27.2% 21.0% 16.4% 20.9% 22.5% 21.2% 37.2% 34.6% 23.3% 22.4% 28.2% −10.6% 26.0% 12.6% 17.7% 0.7% 11.0% 13.4%
Operating margin 21.9% 15.8% 11.0% 14.6% 15.5% 13.8% 29.4% 27.0% 15.3% 14.6% 19.8% −28.4% 15.4% 4.0% 8.8% −9.6% 1.4% 4.9%
Net margin 13.7% 9.9% 6.3% 8.6% 9.3% 7.6% 17.5% 16.0% 13.1% 9.7% 12.6% −18.6% 8.9% 0.1% 4.7% −9.6% −1.7% 0.9%
Free-cash-flow margin 17.9% −0.1% 5.6% 7.9% 1.9% −0.8% 8.9% 10.8% −12.5% 1.3% −3.5% −4.7% 17.2% −5.7% −4.2% 1.5% 2.9% 3.6%
Cash flow
Cash from operations 132 98 130 177 197 270 365 348 391 357 442 235 538 303 423 338 390 420
Capital spending 32 98 87 105 178 279 253 200 580 335 507 281 244 435 528 300 315 317
Free cash flow 100 −1 43 72 19 −10 113 148 −190 22 −65 −47 295 −132 −105 38 75 103
Stock-based pay 3 4 5 4 10 17 10 9 14 15 18 19 16 15 30 23 11 20
Free cash flow after stock pay 97 −5 39 68 10 −26 102 139 −203 7 −83 −66 278 −147 −135 16 64 83
Balance sheet
Cash 90 113 151 90 98 90 87 65 59 82 122 153 363 230 143 286 173 509
Total debt 0 45 154 162 255 641 716 895 1,380 1,424 1,595 1,876 1,873 2,250 2,700 2,521 1,918 3,098
Net debt (negative = net cash) −90 −69 3 73 157 552 629 830 1,320 1,343 1,473 1,723 1,509 2,020 2,556 2,235 1,745 2,589
Diluted shares 20m 20m 19m 19m 19m 18m 17m 16m 16m 16m 16m 16m 17m 18m 18m 18m 18m 19m
Returned to shareholders
Dividends — 15 — 39 0 42 62 68 46 45 46 11 0 0 22 22 0 —
Buybacks 25 54 2 5 84 139 129 66 90 4 19 34 0 30 30 6 14 3
Total returned 25 69 2 44 84 181 192 134 136 49 64 45 0 30 52 28 14 3

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

0 of 7 checks passed · June 30, 2026
What it owns · $6.4bn
Short-term assets $1.4bnLonger-term assets $5.1bn
What it owes, and who funded it · $6.4bn
Short-term liabilities $1.6bnLonger-term liabilities $3.0bnShareholders' equity $1.8bn
  • Short-term assets cover short-term liabilities $1.4bn of assets due within a year against $1.6bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.4bn short-term assets against $3.0bn of longer-dated liabilities.
  • More cash than debt $509m of cash against $2.8bn of debt.
  • Debt below 40% of shareholders' equity Debt is 156% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 132% to 156% over five years.
  • A year's operating cash flow covers at least 20% of debt $420m of operating cash flow against $2.8bn of debt.
  • Operating profit covers interest at least five times over Operating income of $142m against $150m of interest.

From Allegiant Travel Co's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$3M
Dividends (TTM)
$0
Returned to shareholders
53%
of free cash flow
Buybacks, last 3 fiscal years
$49.7M
Diluted share count
+7.5%
year over year
Total shareholder yield
0.2%
dividends 0.0% + buybacks 0.2% of market value

Competitors: side by side with peers

Closest by revenue in passenger airlines
Last 12 months unless stated ALGT SKYW ULCC AERO JBLU UP Median
Revenue, last 12 months $2.9bn $4.3bn $4.6bn $5.4bn $10.0bn $720m $5.0bn
Revenue growth, last 12 months 12.2% 7.0% 24.0% −4.6% 9.9% −6.0% 11.1%
Revenue growth, 3-year average 4.9% 14.1% 8.7% — 1.0% −22.0% 7.6%
Revenue growth, latest quarter 36.9% 6.4% 52.9% — 21.1% −4.0% 20.2%
Gross margin — 10.8% — — — 9.8% 10.8%
Operating margin 4.9% 13.9% −9.5% 17.3% −6.1% −27.0% 0.0%
Operating margin, 3-year average −1.6% 13.7% −4.4% — −5.7% −31.7% −1.6%
Net margin 0.9% 9.7% −8.9% 6.6% −10.0% −42.0% 0.1%
Cash from operations / revenue 14.5% 18.8% 1.3% 17.0% −2.2% −34.3% 7.0%
Free-cash-flow margin 3.6% 17.9% 0.0% 10.8% −11.4% −59.0% −0.1%
Free-cash-flow margin, 3-year average −0.8% 17.6% −6.4% — −13.5% −42.7% −3.2%
Stock pay / revenue 0.7% 0.4% 0.4% 0.0% 0.4% 6.7% 0.4%
Change in share count 7.5% −3.4% 0.5% — 4.7% 24.7% −1.3%

Median of all 16 companies we cover in passenger airlines. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

16 passenger airlines companies
Measure Company Peer median Rank
Revenue growth Growth 12.2% 12.2% 8 of 16
Change in growth rate Growth +8.9pp +4.8pp 4 of 16
Operating margin Profitability 4.9% 1.6% 6 of 16
Net margin Profitability 0.9% 0.9% 8 of 16
Free-cash-flow margin Cash generation 3.6% 0.0% 6 of 16
Stock pay as % of revenue Cash generation 0.7% 0.4% 9 of 13
Long-term debt as % of assets Balance sheet 38.2% 26.9% 10 of 14
Change in share count Balance sheet 7.5% -1.3% 10 of 10

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Segments
Line of business Revenue YoY
Allegiant Air $2.5B ▲ 4.3%
Resort Revenue $60.7M ▼ 15.4%
Sunseeker Resorts $60.7M ▼ 15.4%

These categories overlap or exclude eliminations, so shares aren't shown.

Products and services
Line of business Revenue YoY
Airrelatedrevenue $1.3B ▲ 12.5%
Scheduled Service Revenue $975M ▼ 5.4%
Third Party Product Revenue $82.8M ▼ 4.3%
Cobr and Revenue $78.6M ▲ 37.7%

These categories overlap or exclude eliminations, so shares aren't shown.

From Allegiant Travel Co's 10-K filed February 26, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$3.1B
Institutions reporting
300
Shares held vs prior quarter
▲ 41.9%
Positions opened / closed
92 / 31

Top buyers and sellers, Q2 2026: 225 institutions bought and 77 sold ; the biggest buyer was Blackrock, Inc (+1.5M shares) and the biggest seller Turas Capital Management LP (−317K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $417M 3.5M 13.3% ▲ 69.3%
Vanguard Portfolio Management LLC $177M 1.5M 5.6% ▲ 59.5%
Donald Smith & Co., Inc. $176M 1.5M 5.6% ▼ 10.5%
American Century Companies Inc $169M 1.4M 5.4% ▲ 64.6%
T. Rowe Price Investment Management, Inc. $163M 1.4M 5.2% ▲ 14.6%
Dimensional Fund Advisors LP $158M 1.3M 5.0% ▲ 63.4%
Vanguard Capital Management LLC $124M 1.1M 3.9% ▲ 57.8%
State Street Corp $114M 973K 3.6% ▲ 63.5%
PAR Capital Management Inc $99.3M 845K 3.2% ▼ 0.2%
Frontier Capital Management Co LLC $90M 765K 2.9% ▲ 27.3%
Citadel Advisors LLC $76.2M 648K 2.4% ▲ 47.5%
Geode Capital Management, LLC $72.5M 616K 2.3% ▲ 71.6%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Allegiant Travel Co's complete shareholder register. Values are as reported by the filers ; 1 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $34.4M 7 trades by 1 insider · 0% under pre-set plans
Net ▼ $34.4M net selling
Insider Date Trade Shares Price Value
Gallagher Maurice J Jr Executive Chairman February 10, 2026 Sell 861 $114.00 $98,154
Gallagher Maurice J Jr Executive Chairman February 10, 2026 Sell 18,757 $113.52 $2.1M
Gallagher Maurice J Jr Executive Chairman February 9, 2026 Sell 24,139 $114.79 $2.8M
Gallagher Maurice J Jr Executive Chairman February 9, 2026 Sell 25,000 $116.19 $2.9M
Gallagher Maurice J Jr Executive Chairman February 9, 2026 Sell 56,243 $114.81 $6.5M
Gallagher Maurice J Jr Executive Chairman February 6, 2026 Sell 75,000 $114.99 $8.6M
Gallagher Maurice J Jr Executive Chairman February 6, 2026 Sell 100,000 $113.67 $11.4M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 10 trades and filings

No trades in Allegiant Travel Co disclosed in the last 12 months; 10 earlier trades on record.

  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded June 18, 2024, filed July 9, 2024
  • Josh Gottheimer(D-NJ 5):Purchase, $1,001 - $15,000, traded October 16, 2023, filed November 11, 2023
  • Josh Gottheimer(D-NJ 5):Sale (full), $1,001 - $15,000, traded September 15, 2023, filed October 15, 2023

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around November 3, 2026 estimated from the company's past filing pattern, not announced

  • August 4, 2026
  • April 30, 2026
  • February 4, 2026
  • November 4, 2025
  • August 4, 2025
  • May 6, 2025

Recent SEC filings

Data status

When each part of this page on Allegiant Travel Co was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Allegiant Travel Co in brief

What does Allegiant Travel Co do?
Allegiant Travel Co is a US-listed company in the passenger airlines industry. Its financial year ends in December.
What is Allegiant Travel Co's stock ticker?
Allegiant Travel Co trades under the ticker ALGT on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Allegiant Travel Co's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Allegiant Travel Co reported revenue of $2.9B, 12.2% higher than a year earlier, according to its SEC filings.
What is Allegiant Travel Co's free cash flow?
Allegiant Travel Co's free-cash-flow margin is 3.6% of revenue over the trailing twelve months, ranking 6 of the 16 passenger airlines companies we cover.
Who are Allegiant Travel Co's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Portfolio Management LLC and Donald Smith & Co., Inc. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Allegiant Travel Co buying back stock, and does it pay a dividend?
Allegiant Travel Co spent $3M on share repurchases over the trailing twelve months, and its diluted share count still rose 7.5% over the year.
What is Allegiant Travel Co's market cap?
On November 2, 2026, Allegiant Travel Co's market capitalisation was about $1.5B, with a price-to-earnings ratio of 56.9 and net debt of $2.6B. Market figures come from third-party market data and may be delayed.
Does Allegiant Travel Co pay a dividend?
Allegiant Travel Co reported no dividend payments in its trailing twelve months of filings.
How much debt does Allegiant Travel Co have?
Allegiant Travel Co's debt-to-equity ratio is 156.4%, from its latest balance sheet (131.8% five years earlier). The financial health section below sets out its other solvency checks.
Who are Allegiant Travel Co's competitors?
In our Passenger Airlines peer group, the companies closest to Allegiant Travel Co are Skywest Inc, Frontier Group Holdings, Inc., Grupo Aeromexico, S.a.b. De C.v., Jetblue Airways Corp and Wheels Up Experience Inc. The side-by-side comparison below sets their revenue, margins and growth against Allegiant Travel Co's.
Are insiders buying or selling Allegiant Travel Co stock?
Over the last 12 months, Allegiant Travel Co's directors and officers reported 0 open-market purchases and 7 sales on Form 4. The insider trading page charts every trade.
When is Allegiant Travel Co's next earnings date?
Around November 4, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Allegiant Travel Co announces its own schedule.