Allegiant Travel Company filed its Form 10-Q for the quarterly period ended June 30, 2026, with the Securities and Exchange Commission on August 10, 2026, reporting a net loss for the second quarter alongside net income for the first half of the year and disclosing a significant acquisition completed during the period.

Key Highlights

  • Q2 net loss: The company reported a net loss of $4,860 thousand for the three months ended June 30, 2026, compared to a net loss of $65,166 thousand in the same period of 2025.
  • First-half net income: For the six months ended June 30, 2026, net income was $37,618 thousand, versus a net loss of $33,064 thousand for the first half of 2025.
  • Total operating revenues: Second-quarter total operating revenues were $943,490 thousand, up from $689,384 thousand in Q2 2025; first-half revenues were $1,675,921 thousand versus $1,388,458 thousand a year earlier.
  • Acquisition-related shares issued: 8,601 thousand shares valued at $669,059 thousand were issued for an acquisition during the second quarter of 2026, with goodwill and intangible assets of $485,909 thousand appearing on the June 30, 2026 balance sheet where none existed at December 31, 2025.
  • Total assets expanded: Total assets grew to $6,444,465 thousand at June 30, 2026, from $4,209,401 thousand at December 31, 2025.
  • Cash and equivalents: Cash and cash equivalents were $508,684 thousand at June 30, 2026, compared to $172,696 thousand at December 31, 2025.
  • Shares outstanding: As of July 31, 2026, the registrant had 27,337,755 shares of common stock outstanding.

Allegiant Travel Q2 2026: Revenues Rise, Acquisition Reshapes Balance Sheet

According to the filing, Allegiant Travel Company (NASDAQ: ALGT) reported total operating revenues of $943,490 thousand for the three months ended June 30, 2026, a increase from $689,384 thousand in the prior-year quarter. Passenger revenues accounted for $822,491 thousand of that figure, compared to $617,908 thousand in Q2 2025. The company disclosed operating income of $21,114 thousand for Q2 2026, reversing an operating loss of $67,489 thousand in Q2 2025. Despite this, the company reported a net loss of $4,860 thousand, or $(0.21) per basic and diluted share, for the quarter, driven in part by total other expenses of $26,334 thousand including $40,072 thousand in interest expense partially offset by $8,840 thousand in interest income.

For the six months ended June 30, 2026, the filing reported operating income of $102,218 thousand and net income of $37,618 thousand, or $1.80 per basic share, compared to an operating loss of $2,487 thousand and net loss of $33,064 thousand in the first half of 2025. Special charges, net of recoveries, were $65,952 thousand in Q2 2026 and $93,734 thousand for the first half, compared to $117,924 thousand and $116,369 thousand in the respective prior-year periods. Aircraft fuel expense of $307,669 thousand was the largest single operating cost line in Q2 2026, up from $165,752 thousand a year earlier.

The balance sheet reflects a material change in scale during the period. The filing shows goodwill and intangible assets of $485,909 thousand at June 30, 2026, which were absent at December 31, 2025, corresponding to 8,601 thousand shares issued for an acquisition recorded at $669,059 thousand in additional paid-in capital. Total equity rose to $1,777,374 thousand from $1,052,677 thousand at year-end 2025. Long-term debt and finance lease obligations, net of current maturities and related costs, stood at $2,460,778 thousand, up from $1,681,541 thousand at December 31, 2025. The company also disclosed an accrued pilot retention bonus of $272,982 thousand as a current liability at June 30, 2026.

What Was Disclosed

Allegiant Travel Company disclosed its unaudited consolidated financial statements for Q2 and the first half of 2026, showing higher revenues and an operating profit compared to the prior year, alongside a significant acquisition that added goodwill, increased total assets to $6,444,465 thousand, and expanded the share count.