ALGTAllegiant Travel Co
Allegiant Travel Co (ALGT) sells low-cost, no-frills air travel primarily to leisure travelers, focusing on destinations like Florida, Mexico, and the Caribbean. The next catalyst is November 4, 2026 — Q3 2026 Earnings Release, which will test the company’s ability to sustain revenue growth and manage its debt load amid a competitive and cyclical market.
- Revenue grew 4.8% YoY to $2.61B in the latest reported period, but net income remained negative at -$71.12M.
- Free cash flow (TTM) reached $461.76M, suggesting the business is generating cash despite ongoing losses.
- Debt-to-equity stands at 2.75x, a material leveraged position that will be under pressure if earnings fail to improve.
The Read
1% on strong Q4 2025 results and upbeat guidance but fell 8%.
The schedule
- Wed4Nov
This earnings report will test the company's ability to manage costs and maintain profitability amid fluctuating demand and rising fuel prices. The outcome will be critical for assessing the company's recovery from recent earnings disappointments.
- Tue9Feb
This report will provide further clarity on the company's performance during the holiday season, a key revenue driver. The outcome will test its ability to sustain growth and manage expenses.
- Wed5May
This report will test the company's ability to adapt to changing market conditions and maintain profitability. The outcome will be crucial for assessing its long-term recovery.
- Wed4Aug
This event will provide additional insight into the company's operations and strategic direction. The outcome will be critical for assessing its long-term viability.
- Wed4Aug
This report will test the company's ability to manage costs and maintain profitability amid fluctuating demand and rising fuel prices. The outcome will be critical for assessing the company's recovery from recent earnings disappointments.
Past
- Wed5Aug
Actual outcome: Bear · $75.02 at outcome
Allegiant met GAAP EPS estimates at $2.30 and delivered an adjusted EPS beat of $3.77, driven by an 8.9% rise in passenger sales. However, the stock fell below the bear floor due to weak forward capacity guidance, specifically a forecasted 6.5% decrease in Q2 Available Seat Miles (ASM). This anticipated reduction in capacity overshadowed the strong Q1 results and the preliminary approval of its merger with Sun Country Airlines.
- Wed6May
Actual outcome: Bear · $75.21 at outcome
Despite reporting strong Q1 results in late April that featured an adjusted EPS beat and capitalizing on the recent closure of Spirit Airlines, Allegiant's stock declined 8.5% during the event window. The sell-off and breach of the bear floor were driven by the final approval and May 13 completion of its $1.5 billion cash and stock acquisition of Sun Country Airlines, as investors likely priced in the dilution and integration risks associated with the major merger.
- Wed1Apr
Actual outcome: Bear · $75.02 at outcome
Although the anticipated catalyst was a Sunseeker Resort update, the stock's 9.0% decline was driven by Allegiant's proposed acquisition of Sun Country Airlines, which quickly faced legal investigations over the deal's price and process. This M&A uncertainty, compounded by broader travel disruptions stemming from a partial government shutdown, weighed heavily on investor sentiment.
- Thu26Feb
Actual outcome: Bull · $95.93 at outcome
Allegiant delivered a significant Q4 EPS beat ($2.86 vs. $2.01 estimate) and exceeded revenue expectations, driven by strong leisure demand and disciplined cost performance. The stock surged 14.1% as the company provided upbeat Q1 and 2026 guidance, confirming that operational efficiency and cost control had returned, successfully mitigating concerns regarding the Sunseeker ramp-up and elevated debt costs.