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
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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.
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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.
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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.
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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.
How filings like this one have moved
In the 30 days to Sep 15, 2026, 40.7% of the 388 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.42%. These are measured outcomes after filings of this importance, not a forecast for this one.
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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.