Allegiant Travel Company delivered a resilient performance in Q3 2025, surpassing revenue and cost forecasts despite a modest operating loss in a traditionally weak period. Strong demand trends and successful operational initiatives position the company for margin expansion moving into 2026.

• Reported a modest operating loss in Q3, but results were better than guided, driven by improved demand and cost control.
• Industry-leading CASM-ex down 7% year-to-date, reflecting effective cost management and capacity growth without additional aircraft.
• On track to generate $135 million from loyalty programs this year, with initiatives in place to enhance growth opportunities.
• Fourth quarter operating margin anticipated to be in double digits, raising full-year EPS guidance to over $4.35.
• The integration of the new MAX fleet is progressing well, expected to represent over 20% of ASMs by 2026, yielding stronger operational and financial returns.