Allegiant Travel Q1 revenue beats estimates, co raises Q2 outlook

Allegiant Travel

30/04/2026 21:11

Overview

U.S. leisure airline's Q1 revenue rose 4.8%, beating analyst expectations

Adjusted EPS for Q1 jumped 78.7%, beating analyst expectations

Company cites strong demand and higher yields despite reduced capacity

Outlook

Allegiant expects Q2 system capacity down ~6.5% year-over-year

Company sees Q2 adjusted operating margin of 0.0% to 2.0%

Allegiant forecasts Q2 adjusted EPS between ($1.00) and ($0.00)

Result Drivers

HIGHER YIELDS - Co said total yields rose over 20% year-over-year, driving record quarterly revenue despite reduced capacity

OPERATIONAL RELIABILITY - Co cited a controllable completion rate exceeding 99.9% and strong operational performance as supporting improved margins

COMMERCIAL INITIATIVES - Co said an 8.9% increase in co-brand credit card remuneration contributed to results

Company press release: ID:nPn2pZ3RYa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$732.40 mln
$707.64 mln (10 Analysts)
Q1 Adjusted EPS
Beat
$3.77
$3.34 (11 Analysts)
Q1 EPS
$2.30
Q1 Net Income
$42.50 mln
Q1 Operating Income
$81.10 mln
Q1 Pretax Profit
$66 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the airlines peer group is "buy"

Wall Street's median 12-month price target for Allegiant Travel Co is $100.00, about 34.2% above its April 29 closing price of $74.51

The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)