Allegiant Travel Company has raised its second-quarter 2026 outlook for the combined entity following its acquisition of Sun Country Airlines, now expecting adjusted earnings per share of at least $1.25, up from a prior standalone forecast of breakeven to a loss of a penny. The improved guidance reflects strong demand at both airlines and lower fuel costs, with average fuel cost per gallon now seen at $4.20, down from $4.35. Oil prices fell nearly 31% during the April-to-June period, including a 20% drop in June alone. On a standalone basis, Allegiant expects total revenue per available seat mile to rise more than 23% year over year, exceeding earlier expectations. Shares of Allegiant closed at $117.60 on June 30, up 2.9% following the announcement.
Allegiant Travel CompanyAllegiant raised Q2 outlook due to strong air-travel demand and lower fuel costs.
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