Allegiant Travel Company · NASDAQ:ALGT

Allegiant Travel — Q2 2026 Earnings Presentation

27 slides from Allegiant Travel's earnings presentation, Aug 4, 2026

  1. Slide 1: 2Q26 Earnings Presentation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D August 4, 2026 2Q26 Earnings Presentation

  2. Slide 2: Forward looking statements

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D Forward looking statements Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts are forward-looking statements. These forward-looking sta

  3. Slide 3: Reporting Period Definitions

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 3 Reporting Period Definitions Term Definition 2Q26 (Full Quarter) April 1, 2026 – June 30, 2026 Stub Period May 13, 2026 – June 30, 2026 (post-close period) Combined/Consolidated Results Allegiant and Sun Country results presented toget

  4. Slide 4: Greg Anderson, Chief Executive Officer

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 4 Greg Anderson Chief Executive Officer

  5. Slide 5: Record Results Demonstrate Strength of Business Model

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 5 Record Results Demonstrate Strength of Business Model • Welcoming Sun Country team members to the Allegiant family First earnings call together following the May 13 transaction close • Record quarterly revenue with more than 20% TRASM

  6. Slide 6: Sustainable Competitive Advantages

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 6 Sustainable Competitive Advantages Outstanding service builds deep customer loyalty Approximately 70% of customers are repeat fliers Low-utilization model maximizes the most profitable flying “Peak the peaks” while reducing capacity th

  7. Slide 7: Commercial Initiatives Gaining Momentum

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 7 Commercial Initiatives Gaining Momentum • Modernized technology is expanding commercial capabilities Enhanced digital, data, and distribution capabilities • Existing initiatives continue to mature and drive TRASM growth Allegiant Extra

  8. Slide 8: Integration Advancing Across the Business

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 8 Integration Advancing Across the Business • Rapid close reflects strong alignment and early momentum Both airlines continue to perform well while integration progresses • Customer and commercial integration is underway Cross-brand flig

  9. Slide 9: Disciplined Execution Supports the Outlook

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 9 Disciplined Execution Supports the Outlook • Expect 3Q26 unit revenue growth inline with 2Q26 increase of 24.6% • Combined company expected to generate an operating profit in the seasonally weakest quarter Meaningful improvement from o

  10. Slide 10: Drew Wells, Executive Vice President, Chief Commercial Officer

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 10 Drew Wells Executive Vice President, Chief Commercial Officer

  11. Slide 11: Record 2Q Revenue and TRASM on Reduced Capacity

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 11 Record 2Q Revenue and TRASM on Reduced Capacity 669 776 2Q25A 2Q26A Allegiant Standalone Total Revenue ($mm) 2Q26 vs 2Q25 11.57¢ 14.42¢ 2Q25A 2Q26A Allegiant Standalone TRASM (Cents) 2Q26 vs 2Q25 +16.1% y/y +24.6% y/y • $776 million s

  12. Slide 12: Diversified Revenue Streams Add Stability and Flexibility

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 12 Diversified Revenue Streams Add Stability and Flexibility • $14.5 million of standalone Allegiant fixed fee revenue Down 14.7% YoY and in line with expectations • $65.7 million of standalone Sun Country fixed fee revenue – full quarte

  13. Slide 13: Peak-Focused Network Supports Strong 3Q Revenue Outlook

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 13 Peak-Focused Network Supports Strong 3Q Revenue Outlook • 39 new standalone Allegiant markets launched during the first half of 2026 Represent 9% to 10% of 2Q and 3Q ASMs and are outperforming expectations • Peak-day capacity increase

  14. Slide 14: Initiatives Expanding Customer Reach and Revenue

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 14 Initiatives Expanding Customer Reach and Revenue • First external distribution connection with Expedia - fully live as of July 10 Approximately 3% of bookings since launch; meaningfully more than half from net ….new customers • Simpli

  15. Slide 15: Allegiant First Expands Premium Offering

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 15 Allegiant First Expands Premium Offering •Allegiant First expected to debut in spring 2027 Logical next step following the strong performance of Allegiant Extra •Customer profile supports additional premium products Designed around cu

  16. Slide 16: Robert Neal, President and Chief Financial Officer

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 16 Robert Neal President and Chief Financial Officer

  17. Slide 17: Industry-Leading Profitability Despite Elevated Fuel

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 9.2% 8.6% 2Q25 2Q26 17 Industry-Leading Profitability Despite Elevated Fuel • GAAP consolidated loss before taxes of ($5.2) million in 2Q26 With Sun Country contributing ($13.1) million loss during the period • Adjusted consolidated inco

  18. Slide 18: 3Q Expected to Mark Peak Non-Fuel Unit Cost Pressure

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 6.4% (6.8%) 18 3Q Expected to Mark Peak Non-Fuel Unit Cost Pressure • 8.17¢ standalone Allegiant CASMex, +6.4% YoY On 6.8% lower capacity • 2Q CASMex came in modestly better than recent guidance Maintenance and labor expense timing contr

  19. Slide 19: Strong Liquidity Supports Planned 2026 Cash Needs

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 19 Strong Liquidity Supports Planned 2026 Cash Needs • $188 million of combined capital expenditures in 2Q26 Includes $157 million of aircraft-related and $31 million of other capital expenditures • $18 million invested in deferred heavy

  20. Slide 20: Fleet Ownership and Delivery Access Preserve Strategic Flexibility

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 20 Fleet Ownership and Delivery Access Preserve Strategic Flexibility 77 76 73 28 27 26 19 21 25 44 43 43 22 22 22 2Q26A 3Q26E YE26E Fleet Plan Outlook1 2Q26 - YE26E A320 A319 B737 MAX-8 B737-800 Sun Country’s Cargo Fleet 193 • 193 aircr

  21. Slide 21: Outlook Summary

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 21 Outlook Summary 3Q26 System ASMs – y/y change(5) (~6.5%) Scheduled service ASMs – y/y change(5) (~5.5%) Fuel cost per gallon $3.80 Adjusted operating margin(1) 1.0% to 3.0% Interest expense(2) (millions) ~$50 Capitalized interest(2) (

  22. Slide 22: Q&A

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D Q&A 22

  23. Slide 23: Q&A Appendix

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D Q&A 23 Appendix

  24. Slide 24: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 24 Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure. 2. In 2026 and 2025, we recognized certain expenses as special charges related to both: (1) Airline activities including accelerated depreciation on airframes iden

  25. Slide 25: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 25 Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure. 2. In 2026 and 2025, we recognized certain expenses as special charges related to both: (1) Airline activities including accelerated depreciation on airframes iden

  26. Slide 26: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 26 Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure. 2. In 2026 and 2025, we recognized certain expenses as special charges related to both: (1) Airline activities including accelerated depreciation on airframes iden

  27. Slide 27: Non-GAAP Financial Measures Reconciliation

    #FD8103 #005595 #FFD105 #394B5D #38AC49 #394B5D #8294A6#FF5E1D 27 Non-GAAP Financial Measures Reconciliation 1. Denotes non-GAAP figure. 2. In 2026 and 2025, we recognized certain expenses as special charges related to both: (1) Airline activities including accelerated depreciation on airframes iden

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