Allegiant Travel (ALGT)
Leisure-only airline group connecting small US cities to vacation destinations through Allegiant Air and Sun Country.
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Operates scheduled leisure flights from underserved US cities to vacation destinations through Allegiant Air, and charter plus Amazon cargo service through Sun Country Airlines, with ancillary fees and vacation packages making up roughly half of combined revenue.
Point-to-point leisure service from small and mid-size US cities to a concentrated set of destinations — principally Florida, Las Vegas, and the Southwest. Routes operate at low frequency, with roughly three-quarters facing no nonstop rival. Ancillary fees and bundled vacation packages account for roughly half of total revenue.
The 2026 acquisition of Sun Country Airlines layered in charter flights and an Amazon air cargo contract alongside Sun Country's scheduled leisure flying, diversifying beyond Allegiant Air's ancillary-heavy model. Both carriers continue under separate FAA operating certificates pending single-certificate approval.
The fleet is Airbus A320-family supplemented by Boeing 737s now entering service. A Florida hospitality venture, Sunseeker Resort, was sold in 2025, refocusing the group on airline operations.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 14, 2026 | UBS | Upgrade | ||
| Sep 13, 2026 | UBS | Upgrade | Target: $111 | Target: $107 |
| Sep 11, 2026 | Barclays | Reiterate | Rating: —Target: $145 | Target: $115 |
| Aug 24, 2026 | Raymond James | Upgrade | Target: $98 | Target: $116 |
| Aug 5, 2026 | UBS | Reiterate | Rating: —Target: $103 | Target: $111 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.05B · Total debt $2.85B · Total assets $6.44B · Shareholders' equity $1.78B
- Revenue
- $943.5M
- Operating income
- $21.1M
- Net income
- −$4.9M
HistoryDividendAnnual yield
| Institutions | ≈ 99.46% | 26.73M shares | |
|---|---|---|---|
| 312 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.93% | 2.40M shares | |
| 14 holders · as of Aug 6, 2026 | |||
| Adds to | 108.39% | ||
26.88M company shares as of Aug 21, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
Two share counts disagree (18.44M in the company's Sep 22, 2026 report, 26.88M elsewhere); stakes use the report.
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 108.39%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 13.18% | 3.54M | as of Jun 30, 2026 |
Maurice J. Jr GallagherInsiderdirector, 10 percent owner, officer: Executive Chairman | 7.62% | 2.05M | filed Mar 10, 2026 |
Vanguard Portfolio Management LLCInstitution | 5.60% | 1.51M | as of Jun 30, 2026 |
Donald Smith & Co., Inc.Institution | 5.56% | 1.49M | as of Jun 30, 2026 |
American Century Companies IncInstitution | 5.34% | 1.43M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Feb 10, 2026 | Maurice J. Jr Gallagher | director, 10 percent owner, officer: Executive Chairman | −19,618 | $113.54 |
| Feb 9, 2026 | Maurice J. Jr Gallagher | director, 10 percent owner, officer: Executive Chairman | −105,382 | $115.13 |
| Feb 6, 2026 | Maurice J. Jr Gallagher | director, 10 percent owner, officer: Executive Chairman | −175,000 | $114.23 |
| Oct 28, 2025 | Sandra Douglass Morgan | director | −350 | $65.00 |
- Southwest Airlines
Highest nonstop route overlap in small-city leisure scheduled service
- Frontier Group
Closest ULCC peer targeting same price-driven leisure travelers
- Expedia Group
Largest US OTA competing for bundled flight+hotel+car leisure packages
- Booking
Global OTA parent of Priceline and Kayak competing for leisure bookings
- JetBlue
Leisure-focused carrier absorbing Spirit's vacated Florida–Las Vegas routes
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Allegiant Travel | $81.82 | +1.65% | $2.16B | 59.6 | 11.0 | 0.7 | +36.9% |
| Southwest Airlines | $42.11 | +0.81% | $20.43B | 25.6 | 10.9 | 0.7 | +16.4% |
| Frontier Group | $6.25 | +2.04% | $1.41B | — | — | 0.3 | +37.7% |
| Expedia Group | $268.50 | −4.46% | $32.18B | 17.5 | 11.9 | 2.0 | +14.0% |
| Booking | $161.09 | −4.41% | $130.58B | 18.7 | 14.5 | 4.6 | +8.2% |
| JetBlue | $4.56 | −0.22% | $1.72B | — | — | 0.2 | +14.5% |
| Median | 18.7 | 11.9 | 0.7 | +14.5% |