ALGT · Allegiant Travel Company

Allegiant Travel Company filed a Form 8-K on May 15, 2026, furnishing a shareholder letter from CEO Greg Anderson under Item 7.01 Regulation FD. The letter details the company's 2025 performance and strategic priorities. In 2025, Allegiant achieved its best operating year ever, with a 99.9% controllable completion rate, industry-leading cancellation and baggage handling metrics, and zero involuntary denied boardings. Financially, earnings expanded significantly year over year, and the fourth-quarter operating margin led the industry. The company increased departures by 13% without expanding its fleet or headcount. Key strategic moves included the divestiture of Sunseeker Resort, with proceeds used to reduce debt, and the announcement of the first acquisition in company history: a merger with Sun Country Airlines. The combination is expected to be EPS accretive in the first full year after closing, with $140 million in target annual synergies over three years. Allegiant also continued integrating the Boeing 737 MAX, with 17 aircraft in service and 33 additional firm deliveries scheduled. The co-branded credit card program surpassed 600,000 cardholders, contributing over 5% of annual revenue. The company ended 2025 with nearly $1.1 billion in total liquidity and a strengthened balance sheet. Management's forward-looking statements include expectations for MAX fleet expansion, commercial initiatives, and technology modernization benefits.