Allegiant Blows Past Q2 Estimates with $2.19 Adjusted EPS, Raises Full-Year View to >$6.00
ALGT has more than doubled off its 52-week low of $42.56.
Summary
Allegiant reported Q2 adjusted EPS of $2.19, far above its $1.25+ guidance, and raised full-year adjusted EPS guidance to more than $6.00. Record revenue, an industry-leading margin, and new commercial initiatives underscore the strength of the combined Allegiant-Sun Country entity.
Key Events · Earnings and Guidance · ALGT
-
Q2 Adjusted EPS of $2.19 Crushes Guidance
Adjusted diluted EPS of $2.19 for Q2 2026, up 78% YoY, far exceeding the $1.25+ guidance issued on June 30, 2026. GAAP loss per share was ($0.21) due to one-time Sun Country transaction and integration costs.
-
Full-Year EPS Guidance Raised to >$6.00
Management introduced full-year 2026 adjusted EPS guidance of more than $6.00 for the combined entity, assuming an average fuel cost of approximately $3.70 per gallon for the year.
-
Record Revenue and Industry-Leading Margin
Consolidated total operating revenue reached $943.5M, with standalone Allegiant revenue of $776.2M (+16.1% YoY) on 6.8% less capacity. Adjusted consolidated operating margin was 9.2%, the best among U.S. carriers this quarter.
-
Sun Country Integration Progressing Well
Sun Country contributed $167.3M in revenue and $13.4M in adjusted pre-tax income during the stub period from May 13 to June 30. Integration is on track, with $140M in annual run-rate synergies expected within three years.
Analysis · ALGT · Energy & Transportation
Allegiant delivered a massive Q2 beat — adjusted EPS of $2.19 crushed the $1.25+ guidance set just five weeks ago, driven by record standalone revenue and strong Sun Country contribution. The company raised full-year adjusted EPS guidance to more than $6.00, signaling confidence in the combined entity's earnings power. An industry-leading 9.2% adjusted operating margin, new commercial initiatives, and a ratified pilot contract add to the positive momentum. The stock is likely to reprice sharply higher on this print.
At the time of this filing, ALGT was trading at $102.00 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $2.8B. The 52-week trading range was $42.56 to $123.63. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.