Every material Form 8-K Allegiant Travel filed with the SEC in 2026, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Allegiant reported third-quarter 2026 revenue of $961.6 million, up 71.1% from a year earlier, with Sun Country included from May 13, 2026. The GAAP net loss narrowed to $15.2 million, or $(0.56) per share, from $43.6 million, or $(2.41) per share, and management reiterated full-year 2026 adjusted EPS guidance of greater than $6.00.
Total operating revenue of $961.6 million, up from $561.9 million a year earlier
GAAP diluted loss per share of $(0.56) vs. $(2.41); adjusted diluted loss per share of $(0.03) vs. $(2.09)
Full-year 2026 adjusted EPS guidance of greater than $6.00 reiterated; fourth-quarter adjusted EPS guidance of $1.00 to $1.50
Fourth-quarter fuel cost per gallon assumed at $4.75; third-quarter average fuel cost was $3.98 per gallon
Allegiant Travel Company filed unaudited pro forma financial information showing its results as if its May 13, 2026 acquisition of Sun Country Airlines had closed on January 1, 2025. The filing covers six quarters from March 31, 2025 through June 30, 2026 and the full year 2025, and is furnished under Regulation FD rather than filed. For shareholders, it gives a combined baseline for comparing future results but does not report new actual results.
Pro forma total operating revenues for the year ended December 31, 2025 were $3.67 billion, compared with $2.61 billion reported by Allegiant alone.
Pro forma net income for 2025 was $47.7 million, compared with a reported net loss of $44.7 million for Allegiant.
Pro forma adjusted EBITDA for 2025 was $641.9 million.
The pro forma figures exclude expected synergies and integration costs, and the purchase price allocation remains provisional until May 13, 2027.
Allegiant Travel Company disclosed that director Jude Bricker resigned from its Board of Directors after taking on new responsibilities as an owner and chief executive of a newly formed company that has agreed to buy a U.S. charter airline. The Board accepted the resignation as of October 23, 2026, under a company policy requiring directors to offer to resign after significant personal or job changes. The filing does not describe any effect on company operations or finances.
Jude Bricker submitted his resignation letter to the Board on October 16, 2026.
The Board accepted the resignation effective October 23, 2026.
Resignation follows Bricker's role as owner and CEO of a newly formed company that has agreed to purchase a U.S. charter airline.
The filing was signed by Robert Neal, President and Chief Financial Officer, on October 27, 2026.
Allegiant Air, a subsidiary of Allegiant Travel Company, exercised the first six options under its 2021 Boeing purchase agreement, with the six 737-8 aircraft scheduled for delivery in 2028, at a list price of more than $720 million before discounts and escalations. The company also entered into new employment agreements with four executive officers, including CEO Gregory Anderson, that run through the end of 2029.
Options for six 737-8 aircraft exercised; after this, the purchase agreement has 56 firm aircraft (22 delivered through October 23, 2026) and 74 remaining options.
List price of the six aircraft totals more than $720 million, subject to discounts and price escalations through delivery.
Agreements dated as of October 22, 2026 for Gregory Anderson (CEO, $750,000 base salary, 180% target cash bonus), Robert Neal (president and CFO, $525,000), and Drew Wells and Tyler Hollingsworth ($475,000 each).
All four employment agreements expire at the end of 2029; the Anderson agreement supersedes his 2024 agreement.
Allegiant Travel said it drew the full $177.5 million under a previously reported credit facility secured by certain aircraft on October 13, 2026, and separately borrowed $71.8 million under a $231.0 million facility to help fund Boeing 737 MAX pre-delivery payments. The new debt adds to the company's obligations, with repayment of the first facility starting July 2027 and the second due by March 31, 2028 or on aircraft delivery.
October 13, 2026: borrowed the entire $177.5 million under an aircraft-secured facility at a fixed rate, with quarterly amortizing payments starting July 2027 over five to six years
Before the end of third quarter 2026: borrowed $71.8 million under a $231.0 million facility at floating SOFR-based rates to fund Boeing 737 MAX pre-delivery payments
$159.3 million remains undrawn on the $231.0 million facility
Second-facility loans are payable on or before aircraft delivery and no later than March 31, 2028
Allegiant reported second-quarter 2026 revenue of $943.5 million, up 36.9% year over year, with Sun Country included from its May 13, 2026 closing. The company posted a GAAP net loss of $4.9 million, or $(0.21) per share, after $66.0 million in airline special charges, though adjusted diluted EPS rose to $2.19 and it introduced full-year adjusted EPS guidance above $6.00 alongside a third-quarter adjusted loss guidance of ($1.00) to ($0.00).
Total operating revenue of $943.5 million, up 36.9% from $689.4 million a year earlier
GAAP net loss of $4.9 million, or $(0.21) per share, compared with a net loss of $65.2 million, or $(3.62) per share, in second quarter 2025
Adjusted diluted EPS of $2.19, up 78.0%; airline special charges of $66.0 million in the quarter
Full-year 2026 adjusted EPS guidance of more than $6.00; third-quarter adjusted EPS guidance of ($1.00) to ($0.00)
Allegiant Travel disclosed three financing arrangements tied to its aircraft fleet. A $231.0 million PDP facility from Runway Seven Lender LLC, guaranteed by the company, is undrawn and matures March 31, 2028, and a separate $177.5 million Airbus-secured credit facility is also undrawn. In July 2026 the company drew $132.0 million on a $176.0 million Boeing 737 MAX facility, which is now fully drawn, so its debt obligations are rising as aircraft are delivered.
July 27, 2026: amendment to PDP facility with Runway Seven Lender LLC, $231.0 million commitment for Boeing pre-delivery payments, maturing March 31, 2028, undrawn
July 24, 2026: credit facility of up to $177.5 million secured by certain Airbus aircraft, undrawn, with quarterly amortizing payments beginning July 2027 over five to six years
July 2026: borrowed $132.0 million under a previously reported $176.0 million facility secured by Boeing 737-MAX aircraft, now fully drawn, with 10-year terms
On June 24, 2026, Allegiant Travel Company issued $650 million of 7.125% senior secured notes due July 1, 2031, and used part of the proceeds to buy $377.5 million of its 7.25% notes due 2027 tendered in a tender offer. The new notes are secured by substantially all company and guarantor assets except aircraft, aircraft engines and real property, and the company must keep at least $300.0 million of liquidity at each quarter end. Shareholders should note the added secured debt and the restrictive terms, while the filing does not give total debt or cash balances.
$650.0 million of 7.125% notes issued June 24, 2026, maturing July 1, 2031, with cash interest due January 1 and July 1 starting January 1, 2027
$377,534,000 of 7.25% notes due 2027 purchased on June 24, 2026, at total consideration of $1,005.00 per $1,000 principal; $25,465,000 remain and are expected to be redeemed in third quarter 2026
Notes are secured by substantially all assets excluding aircraft, aircraft engines and real property; a $300.0 million minimum liquidity covenant applies, with 2.0% additional interest if breached
Existing 2027 notes indenture amended to remove most restrictive covenants and cut the redemption notice period from 30 days to 3 business days
Allegiant Travel completed its acquisition of Sun Country Airlines on May 13, 2026, making Sun Country a wholly owned subsidiary. Each Sun Country share was converted into $4.10 in cash plus 0.1557 Allegiant shares. Allegiant expects about $140 million in annual synergies within three years of closing and says the deal should be accretive to earnings per share in the first full year after closing.
Acquisition closed May 13, 2026; Sun Country common stock has ceased trading on NASDAQ.
Each Sun Country share converted into $4.10 in cash and 0.1557 Allegiant common shares.
Allegiant's board expanded from eight to eleven directors; Jude Bricker, Jennifer Vogel and Thomas Kennedy joined.
Allegiant expects about $140 million in annual synergies within three years following closing and integration.
Allegiant reported first-quarter 2026 total operating revenue of $732.4 million, up 4.8% from a year earlier, and GAAP diluted earnings of $2.30 per share versus $1.73. The company guided second-quarter adjusted EPS to a loss of $1.00 to $0.00, excluding the planned Sun Country acquisition, and disclosed two credit facilities that together allow borrowing of up to $291 million. Shareholders see higher first-quarter profit alongside a weaker second-quarter outlook and more debt.
Q1 2026 revenue $732.4 million, up 4.8% year over year; GAAP diluted EPS $2.30 vs. $1.73; adjusted airline-only diluted EPS $3.77, up 78.7%
Q2 2026 guidance: adjusted EPS of ($1.00) to $0.00 and adjusted operating margin of 0.0% to 2.0%, stand-alone basis
Credit facilities signed April 27 ($115 million, fully drawn) and April 28 ($176 million, first advance of $44.0 million expected in early May 2026)
Sun Country acquisition could close as early as mid-May, per CEO Gregory Anderson
Allegiant reported fourth-quarter 2025 GAAP diluted EPS of $1.73, compared with a loss of $12.00 a year earlier, on consolidated revenue of $656.2 million, up 4.5%. Adjusted airline-only EPS fell 9.3% to $2.72, and full-year adjusted airline-only EPS fell 13.2% to $5.07, while the company guided to full-year 2026 adjusted EPS above $8.00 on a stand-alone basis, excluding the planned Sun Country acquisition.
Q4 2025 GAAP diluted EPS $1.73 vs. loss of $(12.00) in Q4 2024; Q4 total operating revenue $656.2 million, up 4.5%
Q4 adjusted airline-only operating margin 12.9% vs. 13.2% a year earlier; adjusted airline-only EPS $2.72 vs. $3.00
Full-year 2025 GAAP diluted loss per share $(2.48) vs. $(13.49) in 2024; full-year adjusted diluted EPS $3.80 vs. $2.48
Guidance: Q1 2026 adjusted EPS $2.50 to $3.50; full-year 2026 adjusted EPS above $8.00, excluding Sun Country
Allegiant agreed on January 11, 2026 to merge with Sun Country Airlines, with Sun Country becoming a wholly owned subsidiary. Sun Country holders would receive $4.10 in cash and 0.1557 Allegiant shares per share, and the companies say the deal values Sun Country at about $1.5 billion including $0.4 billion of net debt. The deal requires stockholder, regulatory and other approvals and is expected to close in the second half of 2026, with Allegiant shareholders owning about 67% of the combined company.
Sun Country holders would receive $4.10 in cash plus 0.1557 Allegiant shares per share, an implied $18.89 per share, a 19.8% premium to the $15.77 closing price on January 9, 2026.
Allegiant shareholders would own about 67% of the combined company and Sun Country shareholders about 33%, on a fully diluted basis.
Allegiant expects $140 million in annual synergies within three years of closing and says the deal should be accretive to earnings per share one year after closing.
Termination fees range from $30 million to $52.23 million depending on the circumstances, and the agreement can be terminated if the merger is not completed by January 11, 2027.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
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