Allegiant Raises 1Q Profit Outlook as Strong Demand Offsets Higher Fuel Costs

Dow Jones03-17

By Connor Hart

Allegiant Travel said demand has outperformed expectations in the first quarter, prompting the airline to forecast record revenue for the period.

The airline also said Tuesday that fuel prices have risen significantly since the beginning of the quarter due to geopolitical factors.

The company now expects fuel costs of about $3 a gallon for the quarter, compared with a prior expectation of about $2.60 a gallon. It said strong revenue trends should more than offset these costs for the time being, though.

Allegiant now expects adjusted earnings of $3.25 to $3.75 a share for the quarter, up from a prior outlook of $2.50 to $3.50 a share. System capacity is projected to be down approximately 5.5% from last year.

Looking further ahead, the airline said it cannot yet estimate the impact fuel costs will have on its full-year outlook, given the recent volatility in prices.

Allegiant shares were up 4% to $77.63 in premarket trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

March 17, 2026 09:18 ET (13:18 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

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It said strong revenue trends should more than offset these costs for the time being, though. \n</p>\n<p>\n  Allegiant now expects adjusted earnings of $3.25 to $3.75 a share for the quarter, up from a prior outlook of $2.50 to $3.50 a share. System capacity is projected to be down approximately 5.5% from last year. \n</p>\n<p>\n  Looking further ahead, the airline said it cannot yet estimate the impact fuel costs will have on its full-year outlook, given the recent volatility in prices. \n</p>\n<p>\n  Allegiant shares were up 4% to $77.63 in premarket trading. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 17, 2026 09:18 ET (13:18 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Allegiant Raises 1Q Profit Outlook as Strong Demand Offsets Higher Fuel Costs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAllegiant Raises 1Q Profit Outlook as Strong Demand Offsets Higher Fuel Costs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-03-17 21:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  By Connor Hart \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Allegiant Travel said demand has outperformed expectations in the first quarter, prompting the airline to forecast record revenue for the period. \n</p>\n<p>\n  The airline also said Tuesday that fuel prices have risen significantly since the beginning of the quarter due to geopolitical factors. \n</p>\n<p>\n  The company now expects fuel costs of about $3 a gallon for the quarter, compared with a prior expectation of about $2.60 a gallon. 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It said strong revenue trends should more than offset these costs for the time being, though. \n\n\n  Allegiant now expects adjusted earnings of $3.25 to $3.75 a share for the quarter, up from a prior outlook of $2.50 to $3.50 a share. 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