Short answer
Allegiant Travel CO (ALGT) filed its fiscal 2025 10-K annual report with the SEC on Feb 26, 2026. It reported revenue of $2.3B (+4.8% year over year) and net income of −$45M.
- Top risk flagged: Regulatory delay risk on Sun Country acquisition from routine approvals by aviation authorities potentially affecting timing and integration
FY2025 key financial metrics · XBRL
- Revenue
- $2.3B
- +4.8% YoY
- Net income
- −$45M
- +81.4% YoY
- Operating margin
- 1.6%
- +12.4 pp YoY
- EPS (diluted)
- −$2.48
- +81.6% YoY
- ROE
- -4.2%
- +17.8 pp YoY
- Operating cash flow
- $390M
- +15.2% YoY
Source: XBRL data from the Allegiant Travel CO (ALGT) FY2025 10-K on SEC EDGAR. USD.
Allegiant Travel CO FY2025 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business: Low-cost, leisure-focused, nonstop air travel from under-served U.S. cities with diversified ancillary and third-party travel revenue
- New emphasis: Proposed acquisition of Sun Country Airlines to broaden network, increase year-round service, charter, and cargo capabilities
- Strategic shift: Sale of Sunseeker Resort completed Sept 2025 to refocus solely on airline operations under "Allegiant ONE" strategy
- Quantitative highlight: Operating fleet of 122 aircraft (16 Boeing 737 MAX, 106 Airbus A320 series), 578 routes to 126 cities, 433 unique city pairs with no nonstop competition
- Noteworthy fact: Ancillary revenue grew to $76.35 per passenger in 2025, up from $5.87 in 2004, contributing significantly to profitability
Management Discussion & Analysis
- Revenue $2.5B airline-only operating, up 4.3% YoY
- Operating CASM ex-fuel 8.04 cents, down 6.1% vs 2024, capacity growth 12.6%
- Best segment: co-brand credit card remuneration $139.6M, up 3.6%
- No specific weakest segment noted in text
- Merger announced to acquire Sun Country Airlines January 2026
- Completed sale of Sunseeker Resort in September 2025
- 34 aircraft under purchase agreements with 11 deliveries expected in 2026
Risk Factors
- Regulatory delay risk on Sun Country acquisition from routine approvals by aviation authorities potentially affecting timing and integration
- Macroeconomic risk from 2025 consumer confidence decline and trade policies softening demand, contributing to 5.3% decrease in scheduled service fare
- Aircraft delivery risk from Boeing 737 MAX production delays due to regulatory quality controls, possibly limiting 2026 fleet growth beyond 11 deliveries
- Labor cost risk from unresolved pilot union negotiations with $235.9M accrued for retention bonuses to mitigate attrition until agreement ratified
- Debt structure risk from $1.82B total debt with 58.8% fixed rate, and $23.9M increase in net interest expense mainly due to lower capitalized interest post new aircraft deliveries
Generated from the filing text; verify against the original. How to read a 10-K
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