Allegiant Travel Company (the Company) has announced an update regarding its financial guidance for the first quarter of 2026, ahead of its presentation at the J.P. Morgan Industrials Conference on March 17, 2026. The Company indicated that the demand environment has significantly outperformed previous expectations, leading to a forecast of record total revenue for the quarter. Despite an anticipated decrease in system capacity of approximately 5.5% year-over-year, Allegiant expects this strong revenue performance to offset higher fuel costs, which have surged due to geopolitical factors. The Company now projects its fuel cost per gallon to be around $3.00, up from the previous guidance of $2.60. As a result of these developments, Allegiant is raising its adjusted earnings outlook for the first quarter, reflecting a range of $3.25 to $3.75 per share, compared to the earlier range of $2.50 to $3.50. The updated guidance excludes any contributions from the planned acquisition of Sun Country Airlines, which remains a significant strategic move for the Company. Allegiant has not updated its full-year outlook at this time, citing the volatility in fuel prices as a reason for caution. The Company plans to provide a clearer outlook as fuel price trends stabilize. The updated financial guidance is a positive indicator for investors, suggesting that Allegiant is well-positioned to navigate the current market challenges and capitalize on strong demand in the travel sector.

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