Allegiant Travel Company raised its second-quarter 2026 adjusted earnings per share guidance for the combined entity to at least $1.25, up from a prior standalone forecast of a loss of a penny to breakeven. The updated outlook reflects the acquisition of Sun Country Airlines, which closed on May 13, 2026, and includes Sun Country's results from that date through June 30. The company cited favorable demand at both airlines and a reduction in fuel expense during June, with average fuel cost per gallon now expected around $4.20, down from a previous estimate of $4.35. On a standalone basis, Allegiant expects second-quarter total revenue per available seat mile to increase more than 23% year over year. Despite the bullish guidance, Zacks Investment Research advises investors to hold the stock, citing headwinds such as fuel price volatility, rising labor costs, and an unattractive valuation.
Allegiant Travel CompanyAllegiant raised Q2 2026 adjusted EPS guidance to at least $1.25, reflecting the Sun Country acquisition and improved demand and fuel costs.
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