Allegiant Travel Company: Bull & Bear – Debating Flight 2026

研报英文原文证据摘录

Allegiant Travel Company: Bull & Bear – Debating Flight 2026

Equity Research

North America Airlines

8 July 2026

Allegiant Travel Company

Bull & Bear – Debating Flight 2026

We reinstate our rating on Allegiant at Overweight with a $145

price target; we expect the combined company to leverage a

larger network and customer base, delivering near industry ALGT OVERWEIGHT from Rating Suspended

best profitability. North America Airlines POSITIVE

Unchanged

Today (July 8) we will host a group investor lunch in NYC, at 12PM ET to discuss key themes and Price Target USD 145.00

debates ahead of 2Q26 earnings season for both airline and transportation sectors; please reach from N/A

out to your sales representative if interested. Price (07-Jul-26) USD 111.14

Potential Upside/Downside +30.5%

Following Allegiant’s recent closing on the purchase of Sun Country Airlines, we reinstate Source: Bloomberg, Barclays Research

our rating at Overweight with a bullish earnings outlook for the differentiated low cost,

low utilization, and high margin carrier. Given the similarities in operating models as well as Market Cap (USD mn) 2986

limited direct network overlap between Allegiant and Sun Country, we find the merger as likely Shares Outstanding (mn) 26.88

to expand growth opportunities for the clear leading low-cost airline in the United States. With a Free Float (%) 89.99

larger network and still maintaining meaningful exposure to more consistent and fuel de-risked 52 Wk Avg Daily Volume (mn) 0.5

cargo and charter revenue, we see Allegiant as likely to significantly benefit from the full Dividend Yield (%) N/A

integration of Sun Country operations. Management targets revenue synergies of over $100mm Return on Equity TTM (%) -3.12