Allegiant posts record Q2 revenue after Sun Country deal, despite higher fuel costs

Allegiant Travel Company delivered record second-quarter revenue of $943.5 million and adjusted diluted earnings per share of $2.19, while maintaining an operating margin of 9.2% despite higher fuel costs. The Las Vegas-based carrier also logged its first combined-quarter results after closing the Sun Country Airlines acquisition on 13 May, giving investors an early look at the merged business’s earnings power.

Standalone Allegiant generated record quarterly revenue of $776.2 million as capacity fell 6.8% year on year and unit revenue rose 24.6%. Management pointed to the resilience of the company’s model and said the combined group remains on track for more than $6 in full-year 2026 adjusted EPS guidance.

Sun Country contributed only from mid-May onward, so the quarter reflects about seven weeks of ownership rather than a full run rate. That limits direct comparison with future periods, but the figures suggest the integration is beginning against a backdrop of strong demand and still-elevated fuel inflation.