Allegiant Travel Q3 revenue beats estimates on TRASM strength
ALGT•Allegiant Travel's third-quarter revenue rose 71% year over year to $961.6 million, beating the $948.19 million estimate, while its adjusted loss per share narrowed to $0.03 from an expected $0.53 loss. The company maintained its 2026 adjusted EPS guidance of more than $6 and expects fourth-quarter adjusted EPS of $1 to $1.50.
1. Quarterly results
Allegiant Travel reported third-quarter revenue of $961.6 million, up 71% year over year and above the $948.19 million analyst estimate. Its adjusted loss per share was $0.03, compared with the expected $0.53 loss; net loss was $15.2 million and operating income was $10.8 million.
2. Demand and outlook
The company said strong demand and commercial initiatives drove a 28.3% year-over-year increase in TRASM. Pricing and product changes, along with its Expedia partnership, lifted ancillary revenue per passenger, while capacity was reduced by nearly 6% year over year to protect margins from higher fuel costs. Allegiant maintained full-year 2026 adjusted EPS guidance of more than $6 and expects fourth-quarter adjusted EPS of $1 to $1.50, with system ASMs about flat year over year.
