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Allegiant Travel Company (ALGT) investor relations material
Allegiant Travel Company Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary4 Nov, 2025
Executive summary
Achieved industry-leading completion factor in July and Q3, with record customer numbers and high net promoter scores; loyalty and credit card programs recognized with awards and on track for $135 million in remuneration for 2025.
Completed the sale of Sunseeker Resort for $200 million, shifting strategic focus to core airline operations and improving the balance sheet.
Integrated 16 MAX aircraft by year-end, with MAX fleet to comprise over 20% of ASMs in 2026, driving operational and financial improvements.
Network expanded with 12 new nonstop routes and three new cities announced; 51 new summer routes in 2025, with 85% contributing positively to earnings.
Retired 15 aging Airbus airframes, with further retirements planned as new 737 MAX aircraft are delivered.
Financial highlights
Q3 2025 net loss was $43.6 million ($(2.41) per share), with airline segment net loss of $29.5 million ($(1.64) per share); consolidated operating revenue was $561.9 million, flat year-over-year.
Airline EBITDA was $41.5 million (7.5% margin); adjusted consolidated EBITDA was $35.1 million (6.2% margin).
Non-fuel unit costs down 4.7% year-over-year; airline-only CASM ex-fuel was 8.47¢ in Q3 2025.
Liquidity at quarter-end was $1.2 billion, with $991.2 million in cash/investments and $175 million in undrawn credit.
Net debt reduced by $168.5 million since December 31, 2024; $180 million in voluntary debt prepayments during the quarter.
Outlook and guidance
Q4 2025 adjusted operating margin expected at 10–12%, with consolidated earnings of ~$2 per share.
Full-year 2025 adjusted airline-only EPS guidance raised to over $4.35; adjusted consolidated EPS over $3.00.
2026 capacity expected to be flat year-over-year, with focus on peak day flying and margin expansion; 34 aircraft on order for delivery between 2026 and 2028.
CapEx for 2025 expected at $260–$435 million; 2026 CapEx to be higher but not expected to pressure net leverage.
Quarterly cash dividend suspended to prioritize capital for fleet investments.
How does MAX aircraft integration affect unit costs
Future debt reduction strategy
Growth drivers for non-ticket revenue
MAX fleet's margin impact in 2026 and beyond?
Co-brand program review: expected changes?
Strategy to achieve double-digit operating margins?
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Next Allegiant Travel Company earnings date
Q4 202530 Jan, 2026
Next Allegiant Travel Company earnings date
Q4 202530 Jan, 2026
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Frequently asked questions
Allegiant Travel Company is a leisure-focused travel company that operates a low-cost airline serving underserved cities across the United States. In addition to air travel, the company offers vacation packages that include hotel accommodations, car rentals, and entertainment options. It targets value-conscious travelers through a direct-to-consumer business model. The company is headquartered in Las Vegas, Nevada, and its shares are listed on the NASDAQ.
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