Allegiant Travel (NASDAQ:ALGT) Releases Q2 2026 Earnings Guidance

Allegiant Travel (NASDAQ:ALGT) issued an update on its second quarter 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of -1.000–0.000 for the period, compared to the consensus estimate of -0.240. The company issued revenue guidance of -.

Allegiant Travel Stock Performance

ALGT traded down $0.62 during trading on Friday, hitting $75.02. The stock had a trading volume of 1,040,588 shares, compared to its average volume of 535,552. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.95. The firm has a market capitalization of $1.38 billion, a P/E ratio of -29.19, a PEG ratio of 0.39 and a beta of 1.63. The company’s 50-day moving average price is $85.33 and its 200 day moving average price is $83.15. Allegiant Travel has a twelve month low of $42.56 and a twelve month high of $118.00.

Allegiant Travel (NASDAQ:ALGT) last announced its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.40 by $0.37. The company had revenue of $732.43 million for the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a negative net margin of 1.71% and a positive return on equity of 6.61%. Allegiant Travel’s revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.11 EPS. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. On average, equities research analysts forecast that Allegiant Travel will post 3.57 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. UBS Group boosted their target price on shares of Allegiant Travel from $90.00 to $93.00 and gave the stock a “neutral” rating in a research report on Monday, March 23rd. Susquehanna restated a “positive” rating and set a $110.00 target price on shares of Allegiant Travel in a research report on Friday, February 6th. Citigroup decreased their target price on shares of Allegiant Travel from $114.00 to $98.00 and set a “neutral” rating on the stock in a research report on Friday, March 20th. Wolfe Research upgraded shares of Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 target price on the stock in a research report on Tuesday, January 20th. Finally, Evercore boosted their target price on shares of Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a research report on Thursday, February 5th. Five research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Allegiant Travel presently has a consensus rating of “Hold” and a consensus price target of $97.91.

Insider Activity at Allegiant Travel

In related news, Chairman Maurice J. Gallagher, Jr. sold 861 shares of the business’s stock in a transaction dated Tuesday, February 10th. The shares were sold at an average price of $114.00, for a total value of $98,154.00. Following the sale, the chairman directly owned 150,000 shares in the company, valued at $17,100,000. The trade was a 0.57% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 300,000 shares of company stock valued at $34,350,512. 14.70% of the stock is owned by insiders.

Key Headlines Impacting Allegiant Travel

Here are the key news stories impacting Allegiant Travel this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS $3.77 vs. $3.40 consensus and revenue $732.4M vs. $711.0M expected; adjusted EPS rose ~79% year-over-year and revenue was up 4.8% y/y, showing stronger demand and margin recovery. ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2026 FINANCIAL RESULTS
• Positive Sentiment: Management tone and operational update were constructive — the earnings call and transcripts highlight confident commentary on operations and liquidity moves (including aircraft-backed financing) that support fleet and cash flow. Allegiant Travel Company (ALGT) Q1 2026 Earnings Call Transcript
• Neutral Sentiment: Company issued supplemental disclosures related to the proposed Sun Country merger — provides more transparency but adds timing and regulatory steps that could add uncertainty. Allegiant Issues Supplemental Disclosures Ahead of Sun Country Merger
• Neutral Sentiment: GAAP vs. adjusted results: GAAP diluted EPS was $2.30 while adjusted EPS was $3.77 — investors should read the reconciliation for one-time items driving the gap. Allegiant Travel: Q1 Earnings Snapshot
• Negative Sentiment: Q2 2026 guidance is conservative: company set EPS guidance of -1.00 to 0.00 for Q2 versus the Street near -0.24, signaling a weaker near-term outlook and driving selling pressure despite the Q1 beat. Allegiant Travel (ALGT) Reports Q1 Earnings: What Key Metrics Have to Say
• Negative Sentiment: Profitability mixed: company still shows a negative net margin on GAAP basis (-1.71% reported), highlighting volatility and potential one-time or non-operational items that weighed on headline profitability. Allegiant Q1 Press Release / Financials

Institutional Investors Weigh In On Allegiant Travel

Institutional investors and hedge funds have recently made changes to their positions in the business. NewEdge Advisors LLC raised its stake in Allegiant Travel by 43.7% in the 2nd quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock valued at $67,000 after purchasing an additional 373 shares during the last quarter. iSAM Funds UK Ltd acquired a new position in Allegiant Travel in the 3rd quarter valued at about $69,000. State of Wyoming acquired a new position in Allegiant Travel in the 2nd quarter valued at about $159,000. Tower Research Capital LLC TRC raised its stake in Allegiant Travel by 856.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,308 shares of the transportation company’s stock valued at $182,000 after purchasing an additional 2,962 shares during the last quarter. Finally, FourThought Financial Partners LLC acquired a new position in Allegiant Travel in the 3rd quarter valued at about $202,000. 85.81% of the stock is currently owned by hedge funds and other institutional investors.

About Allegiant Travel

Allegiant Travel Company is a holding company that operates Allegiant Air, a low?cost leisure airline offering scheduled and charter air service. The company focuses on connecting underserved secondary markets with popular vacation destinations across the United States. By targeting price?sensitive leisure travelers, Allegiant Air operates a point?to?point network that avoids the traditional hub?and?spoke model, providing non?stop flights from smaller cities to resort and entertainment hubs.

In addition to its core flight operations, Allegiant Travel Company offers packaged travel services that include hotel accommodations, rental cars and attraction tickets through its online portal.