Q1 26 EPS
$3.77
BEAT +8.08%
Est. $3.49
Q1 26 Revenue
$732.4M
BEAT +2.24%
Est. $716.4M
vs S&P Since Q1 26
+19.1%
BEATING MARKET
ALGT +26.4% vs S&P +7.3%
Market Reaction
Did ALGT Beat Earnings? Q1 2026 Results
Allegiant Travel posted a strong beat across the board in the first quarter of 2026, with adjusted diluted EPS of $3.77 clearing the $3.49 consensus estimate by 8.08% and revenue of $732.43 million edging past expectations by 2.24% to mark a 4.8% yea… Read more Allegiant Travel posted a strong beat across the board in the first quarter of 2026, with adjusted diluted EPS of $3.77 clearing the $3.49 consensus estimate by 8.08% and revenue of $732.43 million edging past expectations by 2.24% to mark a 4.8% year-over-year gain. The headline figures were powered by a sharp improvement in revenue quality rather than volume, as total revenue per available seat mile climbed 16.4% year-over-year to 14.31 cents even as system capacity contracted 5.9%, a deliberate pruning of off-peak flying that lifted scheduled service load factors nearly four percentage points to 84.4% and pushed yields up 20.8%. A 14.9% adjusted operating margin underscored just how effectively the carrier converted that revenue intensity into profit, despite fuel costs rising 16.5% year-over-year to $3.04 per gallon. Looking ahead, the picture shifts meaningfully; Allegiant guided second-quarter adjusted EPS to a range of negative $1.00 to breakeven, citing fuel of $4.35 per gallon, even as management expects TRASM improvement to accelerate beyond the first quarter's pace. The pending Sun Country acquisition, expected to close as early as mid-May, adds a longer-term growth dimension that analysts note could bring meaningful network and operational synergies.
Key Takeaways
- • Exceptional peak-period leisure demand driving 16.4% TRASM improvement year-over-year
- • Total yields up over 20% year-over-year with load factor improving nearly 4 percentage points
- • Co-brand credit card remuneration up 8.9% year-over-year to $39.3M with over 600,000 cardholders
- • Allegiant Extra premium seating product continuing to outperform expectations
- • Controllable completion factor exceeding 99.9%
- • Fuel efficiency improvement for fifth consecutive quarter with ASMs per gallon at 86.7
- • Disciplined capacity reduction of 5.9% year-over-year focused on off-peak periods
ALGT YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
ALGT Revenue by Segment
With YoY comparisons, source: SEC Filings
“We had a great start to the year, delivering another quarter of strong operational and financial results. Customer service continues to be a top priority, and I'm pleased to report the team once again achieved a controllable completion rate exceeding 99.9%.”
— Gregory Anderson, Q1 2026 Earnings Press Release
ALGT Earnings Trends
ALGT vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
ALGT EPS Trend
Earnings per share: estimate vs actual
ALGT Revenue Trend
Quarterly revenue: estimate vs actual
ALGT Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.27 | $2.19 | +72.85% | $943.5M | -4.71% |
| Q1 26 BEAT | $3.49 | $3.77 | +8.08% | $732.4M | +2.24% |
| Q4 25 BEAT FY | $1.99 | $2.72 | +36.48% | $656.2M | +1.51% |
| FY Full Year | — | $3.80 | — | $2.61B | — |
| Q3 25 MISS | $-1.80 | $-2.09 | -16.42% | $561.9M | -2.74% |
| Q2 25 BEAT | $0.85 | $1.23 | +45.15% | $689.4M | +0.73% |