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

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ALGT shares. Weiss Ratings restated a “sell (d)” rating on shares of Allegiant Travel in a report on Wednesday, January 21st. Evercore increased their price target on Allegiant Travel from $120.00 to $125.00 and gave the stock an “outperform” rating in a report on Thursday, February 5th. Susquehanna restated a “positive” rating and issued a $110.00 price target on shares of Allegiant Travel in a report on Friday, February 6th. Wolfe Research upgraded Allegiant Travel from a “peer perform” rating to an “outperform” rating and set a $108.00 price target for the company in a report on Tuesday, January 20th. Finally, Morgan Stanley increased their price target on Allegiant Travel from $85.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, February 5th. Five equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Allegiant Travel has an average rating of “Hold” and an average target price of $97.91.

Allegiant Travel Trading Down 0.8%

Shares of Allegiant Travel stock traded down $0.62 during trading hours on Friday, hitting $75.02. The company’s stock had a trading volume of 1,040,597 shares, compared to its average volume of 467,325. Allegiant Travel has a 12 month low of $42.56 and a 12 month high of $118.00. The stock has a 50 day moving average of $85.33 and a 200 day moving average of $83.15. The company has a market capitalization of $1.38 billion, a PE ratio of -29.19, a price-to-earnings-growth ratio of 0.39 and a beta of 1.51. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.95 and a quick ratio of 0.92.

Allegiant Travel (NASDAQ:ALGT) last posted its quarterly earnings data on Thursday, April 30th. The transportation company reported $3.77 earnings per share for the quarter, topping the consensus estimate of $3.40 by $0.37. The company had revenue of $732.43 million during the quarter, compared to analysts’ expectations of $711.01 million. Allegiant Travel had a positive return on equity of 10.20% and a negative net margin of 1.30%.Allegiant Travel’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.11 earnings per share. Allegiant Travel has set its Q2 2026 guidance at -1.000–0.000 EPS. Analysts predict that Allegiant Travel will post 3.57 earnings per share for the current year.

Insider Buying and Selling at Allegiant Travel

In other news, Chairman Maurice J. Gallagher, Jr. sold 175,000 shares of the company’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $114.23, for a total transaction of $19,990,250.00. Following the completion of the transaction, the chairman directly owned 1,962,348 shares of the company’s stock, valued at $224,159,012.04. This represents a 8.19% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold 300,000 shares of company stock worth $34,350,512 over the last ninety days. 14.70% of the stock is owned by corporate insiders.

More Allegiant Travel News

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 Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ALGT. NewEdge Advisors LLC boosted its position in shares of Allegiant Travel by 43.7% during the second quarter. NewEdge Advisors LLC now owns 1,227 shares of the transportation company’s stock worth $67,000 after buying an additional 373 shares during the period. iSAM Funds UK Ltd acquired a new position in shares of Allegiant Travel during the third quarter worth about $69,000. State of Wyoming acquired a new position in Allegiant Travel during the second quarter valued at approximately $159,000. Tower Research Capital LLC TRC boosted its position in Allegiant Travel by 856.1% during the second 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 during the third quarter valued at approximately $202,000. 85.81% of the stock is owned by institutional investors and hedge funds.

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.