Allegiant Travel Company
allegiantair.comWhat Do They Do?
Flies leisure travelers from underserved U.S. cities to vacation destinations, selling nonstop air travel, flight add-ons and third-party travel products.
10-K for FY2025, filed Feb 26, 2026We are a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the…View ↗
Scheduled service air transportation. We provide scheduled air transportation on limited-frequency, nonstop flights predominantly between…View ↗
Ancillary air-related products and services. We provide unbundled air-related services and products in conjunction with air transportation…View ↗
Third party products and services. We offer third party travel products such as hotel rooms, rental cars, and travel insurance from a third…View ↗
How Do They Make Money?
Passengers pay for tickets and flight add-ons when flights occur; third-party travel products earn revenue when used. Banks pay for credit-card points and marketing, usually monthly based on points sold; before its sale, resort guests generally paid room charges at checkout and other purchases when made.
10-K for FY2025, filed Feb 26, 2026Scheduled service revenue consists of ticket revenue generated from nonstop flights in the Company’s route network, recognized either when…View ↗
Ancillary air-related charges include various services and products related to the flight such as baggage fees, the use of the Company’s…View ↗
Ancillary third party products revenue is generated from the sale of hotel rooms, rental cars, travel insurance and ticketed attractions…View ↗
Under the Allegiant co-brand credit card arrangement, points are sold and consideration is received under an agreement with the issuer bank…View ↗
The loyalty program deferred revenue classified as a current liability represents our estimate of revenue expected to be recognized in the…View ↗
Until the sale of Sunseeker Resort at Charlotte Harbor (the "Resort" or "Sunseeker Resort") on September 4, 2025, the Company recorded…View ↗
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10-K for FY2025, filed Feb 26, 2026
FY2025 revenue by reportable segment ↗
$2.6B
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10-K for FY2025, filed Feb 26, 2026
$2.6B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Allegiant Air
Sold outright
10-K for FY2025, filed Feb 26, 2026 |
98%
FY2022: 100%
|
Allegiant Air, FY2025
$2.5B Sources
|
Sold outright |
|
Sunseeker Resort (1)
|
2.3%
FY2022: 0.0%
|
Sunseeker Resort (1), FY2025
$60.7M Sources
|
Who Are Their Customers?
Allegiant sells mainly through its own website and app to leisure travelers in underserved U.S. cities, who buy scheduled flights and optional travel products directly. It also offers charter and fixed-fee air transportation.
10-K for FY2025, filed Feb 26, 2026We are a leisure travel company focused on providing travel and leisure services and products to residents of under-served cities in the…View ↗
Fixed fee contract air transportation. We provide air transportation through fixed fee agreements and charter service on a year-round and…View ↗
Core to Allegiant’s business model is our direct-to-customer distribution. In lieu of the Global Distribution System ("GDS") and online…View ↗
Automation is key to this strategy as we continue to enhance our capabilities. Our website and mobile app streamline the booking process…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $44.7M in FY2025, but brought in more cash than it spent: $75.1M of free cash flow.
10-K for FY2025, filed Feb 26, 2026
$37.2MView ↗
10-K for FY2025, filed Feb 26, 2026
−$44.7MView ↗
10-K for FY2025, filed Feb 26, 2026
$75.1MView ↗
How Are They Changing?
- Net income
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Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
−$4.9MView ↗
- ▼ −93% (Loss)
- vs −$65.2M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Aug 4, 2026
Introduced full-year adjusted earnings guidance of more than $6.00 per share
Sources
8-K, filed Aug 4, 2026
"Looking to the second half of 2026, leisure demand remains strong, and we expect the combined company’s third-quarter unit revenue growth…View ↗
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May 13, 2026
Completed the acquisition of Sun Country Airlines
Sun Country became a wholly owned subsidiary, bringing scheduled, charter and cargo operations into the group.
Sources
8-K, filed May 13, 2026
On May 13, 2026 (the “Closing Date”), Allegiant Travel Company, a Nevada corporation (“Allegiant”), completed the previously announced…View ↗
Growing. Revenue grew 53% in 4 years, from $1.7B in FY2021 to $2.6B in FY2025, about 11% a year.
Who Do They Compete With?
Competes with Southwest Airlines, Breeze Airways, Spirit Airlines, Frontier Airlines, American Airlines, United Airlines, JetBlue Airways, Delta Air Lines, Alaska Airlines, Sun Country Airlines, and Avelo Airlines
10-K for FY2025, filed Feb 26, 2026As of December 31, 2025, we face mainline nonstop competition on approximately 25 percent of our operating and announced routes. We overlap…View ↗
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