Allegiant Travel Company "Highlights From Meeting with Management" (Neutral)

研报英文原文证据摘录

Allegiant Travel Company "Highlights From Meeting with Management" (Neutral)

Global Research

14 May 2026ab

Allegiant Travel Company Equities

United StatesHighlights From Meeting with Management

Airlines

12-month rating Neutral *

ALGT management team expressed confidence in extracting meaningful

synergies from Sun Country acquisition

12m price target US$93.00

We recently hosted investor meetings with members of ALGT's management team

including Drew Wells, Chief Commercial Officer, Robert Neal, Chief Financial Officer,

Price (14 May 2026) US$80.15

and Sherry Wilson, Managing Director of Investor Relations. The company cited healthy

consumer travel demand currently. In addition, management exhibited confidence in the RIC: ALGT.O BBG: ALGT US

previously provided Sun Country synergy targets, which it believes were set

Trading data and key metrics

conservatively. It also expects the deal to be accretive in year 1 even as some revenue

52-wk range US$114.79-48.12

synergies from better utilization of MSP terminal will probably be slightly delayed given

the fuel backdrop. Here are some of the other key takeaways from the conversation: Market cap. US$1.45b

Shares o/s 18.0m (COM)

Current demand: ALGT noted consumer demand remains strong. Free float 83%

Immediately post the Spirit liquidation, ALGT saw a spike in sales for a week. Avg. daily volume ('000) 509

Since then, trends have settled back down to a healthy rate. It believes rational Avg. daily value (m) US$42.9

capacity backdrop is a key driver of the RASM strength being witnessed by the

Common s/h equity (12/26E) US$1.15b

industry currently. Spirit's liquidation helps put further downward pressure on

P/BV (12/26E) 1.2x

industry seats. Though, the company expects about two-thirds of Spirit's

Net debt to EBITDA (12/26E) 2.8x