Allegiant Travel

Q2 FY2026 EarningsQ2 FY26 revenue of $943.5M missed the $990.1M consensus, while GAAP EPS of -$0.21 significantly missed the $1.31 expected profit. The variance was driven by a heavy special charge of $66.0M related to the Sun Country acquisition and a sharp 71.1% YoY increase in fuel costs to $4.14 per gallon due to Middle East hostilities. Despite the bottom-line miss, Allegiant Air achieved record TRASM growth of 24.6% and consolidated liquidity improved to $1.1B following a $650M debt refinancing.