Wikipedia

Allegiant Travel Company

The Allegiant Travel Company is an American airline holding and hospitality company headquartered in Las Vegas, Nevada. The company owns Allegiant Air and Sun Country Airlines.

Allegiant Travel Company
TypePublic
Nasdaq: ALGT
S&P 600 component
IndustryTourism
Founded1999; 27 years ago (1999)
Headquarters
Summerlin, Nevada
,
United States
Key people
RevenueIncrease US$2.6 billion (2025)
Increase US$37 million (2025)
Positive decrease US$(45) million (2025)
Total assetsSteady US$4.2 billion (2025)
Total equitySteady US$1.1 billion (2025)
Number of employees
Decrease 5,616 (2025)
Subsidiaries
Websiteallegiantair.com
Footnotes
Financials as of December 31, 2025.
References:[1]

History

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The Allegiant Travel Company was founded in 1999[2] as the parent company of Allegiant Air,[3] which itself had been founded in 1997.[4] Initially based out of Fresno, California, the company reorganized in 2000 with Maurice J. Gallagher Jr. gaining an almost 20 percent stake in the company. He had previously been a prominent creditor of Allegiant and was one of the co-founders of ValuJet Airlines.[5]

In May 2006, Allegiant Travel Company filed plans for an initial public offering (IPO).[6] It officially began trading on the Nasdaq exchange under the stock ticker symbol, ALGT, in December of that year.[7]

By 2024, Allegiant Travel's primary subsidiary, Allegiant Air, had switched from a fleet predominately composed of MD-80s to one exclusively composed of Airbus and Boeing jets.[8]

In January 2026, Allegiant Travel Company announced an agreement to acquire Sun Country Airlines in a cash-and-stock transaction valued at about $1.5 billion.[9] The United States Department of Transportation approved the merger on April 15, 2026,[10] and shareholders of both airlines approved the transaction on May 8, 2026.[11][12] Following the merger, Allegiant shareholders would own approximately 67 percent of the combined company, while Sun Country shareholders would own the remaining 33 percent.[13] The transaction closed on May 13, 2026.[14] Allegiant and Sun Country will continue to operate separately while working toward a single operating certificate.[13]

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The key trends for the Allegiant Travel Company (including its consolidated subsidiaries) are (financial years ending December 31):

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Revenue (in million US$) 1,137 1,262 1,379 1,511 1,667 1,841 990 1,707 2,301 2,509 2,513 2,607
Net income (in million US$) 87 220 220 198 161 232 (184) 152 3 118 (240) (45)
Employees (FTE) 2,411 2,846 3,416 3,752 3,901 4,363 3,863 4,458 5,306 5,643 5,991 5,616
Passengers (in millions) 8.2 9.5 11.1 12.3 13.8 15.0 8.6 13.6 16.8 17.3 16.8 18.5
Load factor (%) 87.5 85.0 85.0 83.7 84.7 83.9 59.5 70.3 85.0 85.9 83.6 82.0
Aircraft 84 89 76 91 95 108 121 126 123 123
Notes/sources [15] [15] [15] [15] [15] [16] [a][16] [17] [18] [19] [20] [1]
  1. ↑ 2020: Activities and income in fiscal 2020 were severely reduced by the impact of the coronavirus pandemic

Subsidiaries

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Allegiant Air

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Allegiant Air was founded in 1997[4] and is the ninth-largest commercial airline in the United States as of January 2020.[21] Part of Allegiant Air's business model includes earning commissions by selling passengers ancillary items like rental cars, hotel rooms, tickets to events, amusement park passes, and other add-ons.[5] The airline has a fleet composed of 126 Airbus and Boeing jets[22] that serves more than 500 routes across the country.[21]

Sun Country Airlines

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Sun Country Airlines has operated since 1983. Originally founded as a charter airline, Sun Country began scheduled passenger service out of Minneapolis–Saint Paul in 1995. After going public for the first time in 2021 under the leadership of CEO Jude Bricker, the airline expanded to a fleet of more than 65 aircraft, serving scheduled passenger routes primarily from its Minneapolis hub while also operating cargo flights for Amazon. In early 2026, Allegiant Travel Company and Sun Country reached an agreement for Allegiant to acquire the airline for $1.5 billion. The transaction closed on May 13, 2026, bringing Sun Country under the Allegiant Travel Company umbrella.[23]

Other

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The Allegiant Travel Company also counts the golf course management software firm, Teesnap, as one of its subsidiaries. The company was founded in 2013 and has been owned by Allegiant since its outset.[24] The firm's software was being used by 590 golf courses as of November 2023, but was also looking for a buyer for the subsidiary as of the same date.[25] Another Allegiant subsidiary, Game Plane, created an eponymous game show that was filmed on Allegiant Air flights, which ran during 2014 and 2015 on the Discovery Family Channel.[24][26] Allegiant Travel also operated an information technology company called Allegiant Systems that had the goal of selling software systems to other airlines.[27]

Allegiant Travel formerly operated family entertainment centers in Utah and Michigan.[24][28] Known as Allegiant Nonstop, the company closed the centers in 2020.[29]

The company also built and briefly operated Sunseeker Resort in Charlotte County, Florida, which it intended to be the first in a chain. Plans for the inaugural Sunseeker Resort Charlotte Harbor were announced in August 2017.[30] Construction on the project was initially halted due to the COVID-19 pandemic, but resumed in 2021 with plans for the 500 room, 180 extended-stay suite resort.[31] The resort opened on December 15, 2023.[32] On September 4, 2025, Allegiant Travel Company sold the resort to the Blackstone, an investment firm that strategically acquires and manages "troubled assets", for $200 million,[33] which will operate the resort under Hilton's Curio Collection brand.


Sponsorships

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The Allegiant Travel Company is the official sponsor of several sports teams and venues.

Allegiant Stadium

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Allegiant Stadium under construction, June 2020

In August 2019, Allegiant was awarded the naming rights for the home of the Las Vegas Raiders and the UNLV Rebels football team, Allegiant Stadium.[34] It is also the official airline of the Raiders.[35]

Other sport sponsorships

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In July 2018, Allegiant was named the official airline of Minor League Baseball (MiLB).[36] In December of that year, it announced a credit card partnership with the MiLB that would allow Allegiant credit card holders to earn points in relation to their local baseball teams and communities.[37]

Allegiant is also the official domestic airline partner of the Vegas Golden Knights.[36] In September 2019, the company unveiled a Golden Knights-themed plane that featured a livery with the team's logo.[38] In January 2020, Allegiant signed a deal to become the official airline of the Indianapolis Colts,[39] and the following year became the official airline of the Pac-12 Conference.[40]

See also

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References

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  1. 1 2 "Form 10-K For the Year Ended December 31, 2025". www.sec.gov. February 26, 2026. Retrieved May 13, 2026.
  2. ↑ "Allegiant Travel : Announces Five New Routes With One-Way Fares As Low As $55". Market Screener. November 12, 2019. Retrieved March 29, 2020.
  3. ↑ Velotta, Richard N. (May 15, 2009). "Las Vegas-based Allegiant sets sights on – no kidding – Cuba". Las Vegas Sun. Retrieved March 29, 2020.
  4. 1 2 Bailey, Jeff (September 21, 2006). "Flying Where Big Airlines Aren't". The New York Times. Retrieved March 26, 2020.
  5. 1 2 "Tiny Allegiant Air thrives by catering to small-town America". The Salt Lake Tribune. June 28, 2013. Retrieved March 29, 2020.
  6. ↑ Compart, Andrew (May 19, 2006). "Allegiant Air's parent files plan for IPO". Travel Weekly. Retrieved June 16, 2020.
  7. ↑ Kim, Yung (January 20, 2007). "Allegiant Travel shares climb in debut". Reuters. Retrieved June 16, 2020.
  8. ↑ Segall, Eli (October 24, 2019). "Allegiant nearly triples profits in third quarter". Las Vegas Review Journal. Retrieved June 16, 2020.
  9. ↑ "Allegiant to acquire Sun Country Airlines for $1.5 billion". Reuters. January 11, 2026.
  10. ↑ "Allegiant and Sun Country Achieve Key Regulatory Milestone with DOT Approval". Allegiant Travel Company. April 15, 2026. Retrieved May 11, 2026.
  11. ↑ "8-K" (PDF). Allegiant Travel Company. May 8, 2026. Retrieved May 8, 2026.
  12. ↑ "8-K". Sun Country Airlines. May 8, 2026. Retrieved May 10, 2026.
  13. 1 2 Velotta, Richard N. (April 30, 2026). "Allegiant remains on track with $1.5B merger with Sun Country". Las Vegas Review-Journal. Retrieved May 11, 2026.
  14. ↑ Josephs, Leslie (May 13, 2026). "Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes". CNBC. Retrieved May 13, 2026.
  15. 1 2 3 4 5 "Annual Report 2018 Allegiant Travel Company". February 28, 2019. Archived from the original on October 13, 2023. Retrieved November 1, 2019.
  16. 1 2 "Annual Report 2020 Allegiant Travel Company". March 1, 2021. Archived from the original on October 8, 2023. Retrieved December 15, 2021.
  17. ↑ "Allegiant Annual Report 2021". Allegiant. Retrieved October 7, 2023.
  18. ↑ "Allegiant Annual Report 2022". Allegiant. Retrieved October 7, 2023.
  19. ↑ "FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS". www.sec.gov. February 5, 2023. Retrieved February 7, 2023.
  20. ↑ "Form 10-K For the Year Ended December 31, 2024". www.sec.gov. March 3, 2025. Retrieved September 5, 2025.
  21. 1 2 Bush, John (January 14, 2020). "Airline to offer new flight from Dayton to Florida". Dayton Business Journal. Retrieved March 26, 2020.
  22. ↑ Shabat, Jay (December 4, 2019). "The Reinvention of Allegiant Air". Skift. Retrieved April 21, 2020.
  23. ↑ Allegiant completes Sun Country acquistion Airliner World July 2026 page 14
  24. 1 2 3 Segall, Eli (June 28, 2019). "Allegiant Ventures". Las Vegas Review Journal. Retrieved April 21, 2020.
  25. ↑ Segall, Eli (July 24, 2019). "Las Vegas-based Allegiant looks to sell major side business". Las Vegas Review Journal. Retrieved April 21, 2020.
  26. ↑ Martin, Hugo (January 18, 2015). "Onboard game show brings publicity, fun to Allegiant Air". Los Angeles Times. Retrieved April 22, 2020.
  27. ↑ O'Reiley, Tim (October 1, 2012). "Allegiant Travel forms new information technology company". Las Vegas Review Journal. Retrieved June 16, 2020.
  28. ↑ Saal, Mark (January 10, 2019). "2 new family fun centers provide twice the fun in Clearfield". Standard-Examiner. Retrieved April 22, 2020.
  29. ↑ "Allegiant cuts capacity and halts non-airline projects". Flight Global. March 18, 2020. Retrieved January 9, 2022.
  30. ↑ Dean, Vicki (March 20, 2019). "Charlotte County welcomes Allegiant Sunseeker Resort". Herald Tribune. Retrieved March 26, 2020.
  31. ↑ Segall, Eli (August 2, 2021). "Allegiant resuming construction of stalled Florida resort project". Las Vegas Review Journal. Retrieved December 20, 2021.
  32. ↑ Zarcone, Haley (December 14, 2023). "Sunseeker Resort set to open after fighting through set backs". WINK News. Retrieved February 7, 2024.
  33. ↑ "FORM 8-K". Allegiant Travel Company. September 4, 2025. Retrieved September 6, 2025.
  34. ↑ Velotta, Richard N. (August 5, 2019). "'Allegiant Stadium' official name for Raiders' Las Vegas stadium". Las Vegas Review Journal. Retrieved March 29, 2020.
  35. ↑ Akers, Mick (September 8, 2021). "Allegiant unveils Raiders-themed plane in Las Vegas". Las Vegas Review Journal. Retrieved January 5, 2022.
  36. 1 2 Akers, Mick (May 7, 2019). "Allegiant Air files to trademark 'Allegiant Stadium' name". Las Vegas Review Journal. Retrieved April 21, 2020.
  37. ↑ "MiLB, Allegiant Announce Credit Card Partnership". Ballpark Digest. December 11, 2018. Retrieved May 14, 2020.
  38. ↑ Akers, Mick (September 10, 2019). "Allegiant's Golden Knights plane to promote team in other markets". Las Vegas Review Journal. Retrieved April 22, 2020.
  39. ↑ Akers, Mick (January 29, 2020). "Las Vegas-based Allegiant Air signs deal with Indianapolis Colts". Las Vegas Review Journal. Retrieved June 16, 2020.
  40. ↑ Traub, Matt (September 20, 2021). "Allegiant named Official Airline of the Pac-12 Conference". SportsTravel. Retrieved January 5, 2022.
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