Allegiant Travel (ALGT)
Market Price (9/5/2026): $78.19 | Market Cap: $1.8 BilSector: Industrials | Industry: Passenger Airlines
Allegiant Travel (ALGT)
Market Price (9/5/2026): $78.19Market Cap: $1.8 BilSector: IndustrialsIndustry: Passenger Airlines
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -59% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% Attractive yieldFCF Yield is 6.5% Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. | Weak multi-year price returns3Y Excs Rtn is -80% | Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 69x Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% Key risksALGT key risks include [1] its high dependence on fragile leisure travel demand, Show more. |
| Cash is significant % of market capNet D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -59% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 15% |
| Attractive yieldFCF Yield is 6.5% |
| Megatrend and thematic driversMegatrends include Experience Economy & Premiumization. Themes include Travel & Leisure Tech. |
| Weak multi-year price returns3Y Excs Rtn is -80% |
| Expensive valuation multiplesP/EPrice/Earnings or Price/(Net Income) is 69x |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -2.8% |
| Key risksALGT key risks include [1] its high dependence on fragile leisure travel demand, Show more. |
Qualitative Assessment
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Allegiant Travel (ALGT) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Weak Fiscal Q3 2026 Guidance Signals Future Headwinds.
Despite reporting adjusted earnings per share (EPS) of $2.19 for fiscal Q2 2026 (which ended in June 2026), exceeding analyst estimates of $1.27, Allegiant Travel provided a challenging outlook for fiscal Q3 2026. The company forecasted a consolidated loss of approximately $0.50 per share and a year-over-year decline in combined capacity of about 5.5%, indicating expected short-term operational difficulties and profit pressure.
2. Rising Operating Costs Impacted Profitability.
Allegiant experienced significant increases in operating expenses, particularly from fuel costs, which rose 85.6% in fiscal Q2 2026. This, along with special charges, contributed to a modest net loss of $4.9 million for the quarter, despite a substantial 36.8% year-over-year increase in revenue. Additionally, pilot contract-related wage and benefit costs are expected to pressure non-fuel unit costs throughout the second half of fiscal 2026.
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Allegiant Travel (ALGT) stock has lost about 15% since 5/31/2026 because of the following key factors:
1. Weak Fiscal Q3 2026 Guidance Signals Future Headwinds.
Despite reporting adjusted earnings per share (EPS) of $2.19 for fiscal Q2 2026 (which ended in June 2026), exceeding analyst estimates of $1.27, Allegiant Travel provided a challenging outlook for fiscal Q3 2026. The company forecasted a consolidated loss of approximately $0.50 per share and a year-over-year decline in combined capacity of about 5.5%, indicating expected short-term operational difficulties and profit pressure.
2. Rising Operating Costs Impacted Profitability.
Allegiant experienced significant increases in operating expenses, particularly from fuel costs, which rose 85.6% in fiscal Q2 2026. This, along with special charges, contributed to a modest net loss of $4.9 million for the quarter, despite a substantial 36.8% year-over-year increase in revenue. Additionally, pilot contract-related wage and benefit costs are expected to pressure non-fuel unit costs throughout the second half of fiscal 2026.
3. Integration Challenges and Capacity Reductions in Sun Country Operations.
The recent acquisition of Sun Country, which closed in May 2026, introduced immediate operational challenges. Elevated pilot attrition within the Sun Country network is forcing temporary reductions in off-peak capacity, contributing to the projected 5.5% decline in combined scheduled flight capacity for fiscal Q3 2026. This issue impacts the anticipated growth from the acquisition in the near term.
4. Significant Insider Selling Activity.
A notable insider transaction occurred with Maurice J Gallagher Jr selling approximately $36.7 million worth of shares over the last 24 months, with no corresponding insider buying activity. Such substantial selling by a key insider can signal a lack of strong internal confidence in the company's immediate future prospects, contributing to negative investor sentiment.
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Stock Movement Drivers
Fundamental Drivers
The -14.7% change in ALGT stock from 5/31/2026 to 9/4/2026 was primarily driven by a -20.3% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 5312026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 91.61 | 78.16 | -14.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,640 | 2,894 | 9.6% |
| P/S Multiple | 0.6 | 0.6 | -2.3% |
| Shares Outstanding (Mil) | 18 | 23 | -20.3% |
| Cumulative Contribution | -14.7% |
Market Drivers
5/31/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| ALGT | -14.7% | |
| Market (SPY) | 1.8% | 45.3% |
| Sector (XLI) | 1.2% | 53.1% |
Fundamental Drivers
The -23.5% change in ALGT stock from 2/28/2026 to 9/4/2026 was primarily driven by a -20.5% change in the company's Shares Outstanding (Mil).| (LTM values as of) | 2282026 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 102.15 | 78.16 | -23.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,607 | 2,894 | 11.0% |
| P/S Multiple | 0.7 | 0.6 | -13.3% |
| Shares Outstanding (Mil) | 18 | 23 | -20.5% |
| Cumulative Contribution | -23.5% |
Market Drivers
2/28/2026 to 9/4/2026| Return | Correlation | |
|---|---|---|
| ALGT | -23.5% | |
| Market (SPY) | 12.6% | 54.5% |
| Sector (XLI) | -0.8% | 59.4% |
Fundamental Drivers
The 24.7% change in ALGT stock from 8/31/2025 to 9/4/2026 was primarily driven by a 41.1% change in the company's P/S Multiple.| (LTM values as of) | 8312025 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 62.66 | 78.16 | 24.7% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,578 | 2,894 | 12.2% |
| P/S Multiple | 0.4 | 0.6 | 41.1% |
| Shares Outstanding (Mil) | 18 | 23 | -21.3% |
| Cumulative Contribution | 24.7% |
Market Drivers
8/31/2025 to 9/4/2026| Return | Correlation | |
|---|---|---|
| ALGT | 24.7% | |
| Market (SPY) | 20.4% | 43.6% |
| Sector (XLI) | 16.5% | 50.8% |
Fundamental Drivers
The -9.5% change in ALGT stock from 8/31/2023 to 9/4/2026 was primarily driven by a -85.1% change in the company's Net Income Margin (%).| (LTM values as of) | 8312023 | 9042026 | Change |
|---|---|---|---|
| Stock Price ($) | 86.36 | 78.16 | -9.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 2,505 | 2,894 | 15.5% |
| Net Income Margin (%) | 6.0% | 0.9% | -85.1% |
| P/E Multiple | 10.1 | 68.7 | 578.2% |
| Shares Outstanding (Mil) | 18 | 23 | -22.6% |
| Cumulative Contribution | -9.5% |
Market Drivers
8/31/2023 to 9/4/2026| Return | Correlation | |
|---|---|---|
| ALGT | -9.5% | |
| Market (SPY) | 77.1% | 47.2% |
| Sector (XLI) | 68.7% | 53.7% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| ALGT Return | -1% | -64% | 23% | 16% | -9% | -11% | -59% |
| Peers Return | -8% | -35% | 27% | 50% | -14% | -1% | -4% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 106% |
Monthly Win Rates [3] | |||||||
| ALGT Win Rate | 33% | 25% | 50% | 50% | 50% | 44% | |
| Peers Win Rate | 43% | 40% | 48% | 62% | 48% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 56% | |
Max Drawdowns [4] | |||||||
| ALGT Max Drawdown | -39% | -67% | -56% | -55% | -61% | -39% | |
| Peers Max Drawdown | -39% | -48% | -49% | -37% | -49% | -39% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: ULCC, LUV, JBLU, ALK, SKYW. See ALGT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 9/4/2026 (YTD)
How Low Can It Go
| Event | ALGT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -52.3% | -18.8% |
| % Gain to Breakeven | 109.6% | 23.1% |
| Time to Breakeven | 235 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -23.1% | -7.8% |
| % Gain to Breakeven | 30.1% | 8.5% |
| Time to Breakeven | 41 days | 18 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -12.7% | -6.7% |
| % Gain to Breakeven | 14.5% | 7.1% |
| Time to Breakeven | 18 days | 31 days |
| 2020 COVID-19 Crash | ||
| % Loss | -58.0% | -33.7% |
| % Gain to Breakeven | 138.3% | 50.9% |
| Time to Breakeven | 248 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -18.1% | -19.2% |
| % Gain to Breakeven | 22.1% | 23.8% |
| Time to Breakeven | 18 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -36.1% | -12.2% |
| % Gain to Breakeven | 56.5% | 13.9% |
| Time to Breakeven | 1854 days | 62 days |
In The Past
Allegiant Travel's stock fell -52.3% during the 2025 US Tariff Shock. Such a loss loss requires a 109.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
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| Event | ALGT | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -52.3% | -18.8% |
| % Gain to Breakeven | 109.6% | 23.1% |
| Time to Breakeven | 235 days | 79 days |
| 2024 Yen Carry Trade Unwind | ||
| % Loss | -23.1% | -7.8% |
| % Gain to Breakeven | 30.1% | 8.5% |
| Time to Breakeven | 41 days | 18 days |
| 2020 COVID-19 Crash | ||
| % Loss | -58.0% | -33.7% |
| % Gain to Breakeven | 138.3% | 50.9% |
| Time to Breakeven | 248 days | 140 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -36.1% | -12.2% |
| % Gain to Breakeven | 56.5% | 13.9% |
| Time to Breakeven | 1854 days | 62 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -49.1% | -53.4% |
| % Gain to Breakeven | 96.6% | 114.4% |
| Time to Breakeven | 67 days | 1085 days |
In The Past
Allegiant Travel's stock fell -52.3% during the 2025 US Tariff Shock. Such a loss loss requires a 109.6% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Allegiant Travel (ALGT)
Allegiant Travel Company (ALGT) is a leisure travel provider primarily focused on serving residents of under-served cities across the United States. The company's core business revolves around offering scheduled, limited-frequency, nonstop flights that connect these smaller, regional markets directly to popular leisure destinations. Operating a fleet of Airbus A320 series aircraft, Allegiant's strategic model aims to make vacation travel more accessible and affordable for customers in areas that might lack extensive service from major airlines.
Allegiant's revenue streams extend beyond just airfares, encompassing a wide range of ancillary services and travel products. Customers can purchase air-related options such as baggage fees, advance seat assignments, travel protection, priority boarding, and onboard food and beverages. Furthermore, Allegiant functions as a comprehensive vacation provider, offering third-party travel products including hotel rooms and ground transportation like rental cars and shuttle services, enabling travelers to book complete leisure packages through the company. Allegiant also offers air transportation services through fixed-fee agreements and charter operations.
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Here are 1-3 brief analogies for Allegiant Travel (ALGT):
- Think of it as a budget version of Southwest Airlines, but exclusively focused on flying vacationers from smaller, regional airports directly to leisure destinations.
- It's like the Dollar General of airlines, connecting smaller communities directly to vacation spots with a focus on low fares and travel packages.
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- Scheduled Air Transportation: Provides limited-frequency, nonstop flights connecting under-served cities to leisure destinations.
- Ancillary Air Services: Offers additional services and products related to air travel, such as baggage fees, seat assignments, priority boarding, and in-flight purchases.
- Third-Party Travel Products: Sells bundled travel components including hotel rooms, rental cars, and hotel shuttle products.
- Charter and Fixed-Fee Air Services: Delivers air transportation services via fixed-fee agreements and ad-hoc charter flights.
- Golf Course Operations: Manages and operates a golf course.
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Allegiant Travel (ALGT) primarily sells its services and products to individuals.
The company serves the following categories of customers:
- Leisure Travelers from Under-served Cities: Individuals residing in smaller, under-served U.S. cities who are seeking affordable, non-stop air transportation to popular leisure destinations.
- Vacation Package Purchasers: Customers who bundle their air travel with third-party products such as hotel rooms, rental cars, and hotel shuttles, looking for convenient and potentially cost-effective vacation packages.
- Groups and Businesses Requiring Charter Services: Organizations, sports teams, or other groups that utilize Allegiant's air transportation services through fixed-fee agreements or ad-hoc charter flights for their specific travel needs.
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- Airbus SE (AIR)
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Gregory C. Anderson, Chief Executive Officer
Gregory C. Anderson was promoted to Chief Executive Officer of Allegiant Travel Company in September 2024, and he has served as President since August 2022. Prior to his CEO appointment, he served as Chief Financial Officer from April 2019 until January 2023, and as Executive Vice President from April 2019 until August 2022. He also held roles as Principal Accounting Officer from 2015 until January 2021 and Senior Vice President, Treasury from 2017 to 2019. Mr. Anderson joined Allegiant in 2010 in the accounting department. Before joining Allegiant, he worked in corporate accounting for U.S. Airways and in public accounting for Ernst & Young. He is a Certified Public Accountant.
Robert J. Neal, President and Chief Financial Officer
Robert J. Neal serves as President and Chief Financial Officer of Allegiant Travel Company, appointed President in November 2025 while retaining his CFO duties. He became Chief Financial Officer in January 2023. Mr. Neal has been with Allegiant since 2007, progressing through various increasingly senior roles, including Senior Vice President, Corporate Finance from February 2021 to January 2023, and Vice President, Fleet Planning and Corporate Finance from 2016 to February 2021. He has been instrumental in strengthening Allegiant's position in leisure travel and has led significant financial and strategic initiatives, including capital-planning efforts, fleet planning, and cost structure optimization. Mr. Neal holds a Bachelor of Science degree from the University of Nevada, Las Vegas.
Maurice J. Gallagher, Jr., Chairman of the Board
Maurice J. Gallagher, Jr. has been actively involved in the management of Allegiant Travel Company since becoming its majority owner and joining the board of directors in 2001. He served as Chief Executive Officer from 2003 until June 2022, and again from September 2023 to September 2024, and was designated Chairman of the Board in 2006. Mr. Gallagher was one of the founders of ValuJet Airlines, Inc., which was the predecessor of AirTran Airways (later acquired by Southwest Airlines), and he served as an officer and director of ValuJet from its inception in 1993 until 1997. From 1983 until 1992, he was a principal owner and executive of WestAir Commuter Airlines, which was acquired by Mesa Air in May 1992. Additionally, Mr. Gallagher founded and held leadership positions at Mpower Communications, a telecommunications company that went public in 1998.
Drew A. Wells, Chief Commercial Officer
Drew A. Wells was promoted to Chief Commercial Officer in September 2024. In this role, he is responsible for leading efforts to grow the network and ensure its long-term success. Prior to this, he was Senior Vice President, Revenue from February 2021. Mr. Wells has been with Allegiant for over ten years, having worked on both the finance and fleet teams before joining the revenue team.
Tyler J. Hollingsworth, Senior Vice President, Chief Operating Officer
Tyler J. Hollingsworth was appointed Allegiant's interim Chief Operating Officer in 2025. He oversees and manages the airline's day-to-day operations and collaborates with the leadership team on strategic goals. Mr. Hollingsworth began his career as a pilot for Allegiant in 2010, flying until 2014. He then moved into management, serving as the Director of Training, and later as Senior Vice President of Flight Crew Operations, where he led teams overseeing the Operation Control Center, Flight Operations, and Inflight Operations.
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Key Business Risks for Allegiant Travel (ALGT)
- Challenges with the Sunseeker Resort Project: Allegiant Travel's diversification into the hospitality sector with its Sunseeker Resort at Charlotte Harbor poses a significant risk. The resort has experienced substantial pre-opening losses, reporting a $30 million loss in 2023, which has weighed on the company's overall results. There are concerns that this project could divert capital and management focus away from the core airline business and may not meet performance expectations, potentially straining Allegiant's financial resources.
- Intensified Competition and Revenue Growth Struggles: Allegiant faces increasing competition in the leisure travel market, particularly as major airlines have shifted towards a more leisure-focused approach. The company has struggled with consistent revenue growth, even with increased capacity. This has led to deteriorating load factors, shrinking yield measures, and a downward trend in total revenue per seat mile, indicating pressure on its pricing power and ability to fill seats profitably.
- Volatility of Operating Costs (Fuel and Labor): As an airline, Allegiant is highly susceptible to the volatility of key operating expenses, especially fuel and labor costs. Unpredictable spikes in jet fuel prices can quickly erode profit margins, and the industry has been experiencing significant increases in labor costs, further impacting the company's bottom-line growth.
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Allegiant Travel Company's main products and services operate within significant addressable markets in the United States.
U.S. Domestic Leisure Air Travel Market
Allegiant's core business of providing scheduled air transportation for leisure travelers in the United States targets the broad U.S. domestic leisure travel market. This market is projected to reach approximately $895 billion in spending in 2025.
U.S. Packaged Travel Market
Allegiant also offers third-party travel products, such as hotel rooms and ground transportation, which falls under the U.S. packaged travel market. The USA Travel Agency Services Industry, which includes such packaged travel, is estimated at $35 billion in 2024 and is projected to grow to $86 billion in 2025.
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Allegiant Travel Company (ALGT) is expected to drive future revenue growth over the next 2-3 years through a combination of strategic initiatives and operational enhancements. These key drivers leverage the company's established model of serving under-served cities with leisure-focused travel services.
Here are 3-5 expected drivers of future revenue growth for Allegiant Travel:
- Growth in Ancillary Revenue: Allegiant continues to emphasize and expand its high-margin ancillary revenue streams. This includes ongoing growth from baggage fees, advance seat assignments, travel protection products, priority boarding, and food and beverage purchases. Notably, the Allegiant Extra premium seating product and the co-branded Allegiant Allways Visa credit card program are significant contributors, with ancillary revenue per passenger reaching a record high in the first quarter of 2025.
- Strategic Acquisition of Sun Country Airlines: The recently announced agreement to acquire Sun Country Airlines is a pivotal growth driver. This acquisition is anticipated to bolster Allegiant's position within the leisure travel market, diversify revenue streams through the addition of cargo and charter operations, and generate substantial annual synergies. The company views this as a strategic move to create long-term value and aims to build the leading leisure carrier in the U.S.
- Fleet Modernization and Optimization with MAX Aircraft: The integration and growing contribution of more fuel-efficient MAX aircraft into Allegiant's fleet are expected to drive improved unit economics. These aircraft offer better fuel burn advantages and can lead to increased utilization, particularly on peak days, thereby optimizing operational efficiency and contributing meaningfully to revenue.
- Network Expansion and Route Development: Allegiant has identified significant opportunities for further network expansion, with over 1,400 additional domestic routes that align with its existing successful offerings. This strategic route development allows the company to stimulate demand in new under-served markets, thereby extending its reach and customer base.
- Enhanced Commercial Initiatives and Technology Platforms: The company is focused on implementing enhanced capabilities and new commercial initiatives designed to improve unit revenue. This includes transitioning to modern technology platforms to optimize booking experiences, which is expected to drive increased revenues and customer engagement.
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Outbound Investments
- Allegiant Travel announced an agreement to acquire Sun Country Airlines in a cash and stock transaction on January 11, 2026.
- The deal is valued at $1.5 billion.
- Sun Country shareholders are to receive $4.10 in cash plus 0.1557 shares of Allegiant stock for each share of Sun Country they own.
Share Issuance
- As part of the Sun Country Airlines merger agreement announced in January 2026, Allegiant will issue shares of its common stock to Sun Country shareholders.
Capital Expenditures
- Estimated full-year capital expenditures for 2025 are approximately $435 million, primarily allocated towards integrating the new 737 MAX fleet.
- Capital expenditures totaled $334.1 million for the nine months ended September 30, 2025, and $274.9 million for the nine months ended September 30, 2024.
- For the fourth quarter of 2025, capital expenditures were $56.7 million, with $35.9 million for aircraft-related capital expenditures.
Peer Outperformance in Passenger Airlines
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| ALGT | Allegiant Travel | 5.1% | 68.7x | 21.6% | -7.7% | -57.9% | — |
| UAL | United Airlines | 7.3% | 10.3x | 5.0% | 129.8% | 141.0% | +199pp |
| DAL | Delta Air Lines | 7.0% | 13.3x | 33.8% | 98.5% | 106.3% | +164pp |
| LUV | Southwest Airlines | 6.2% | 23.1x | 29.6% | 37.3% | -11.7% | +46pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 18.0% | 111.1% | 190.3% | CDNL 2702% · FIX 2049% · STRL 2005% |
| Marine Transportation | 5 | 72.8% | 70.4% | 164.7% | HOS 48321% · MATX 188% · KEX 165% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 14.7% | 63.4% | 115.4% | CAT 322% · ALSN 270% · WAB 223% |
| Aerospace & Defense | 55 | -1.3% | 57.5% | 70.3% | ATI 1074% · FTAI 885% · HWM 739% |
| Passenger Ground Transportation | 3 | -11.4% | 41.2% | 58.1% | UBER 88% · CAR 58% · LYFT -65% |
| Rail Transportation | 7 | 30.7% | 72.2% | 46.1% | FSTR 135% · CSX 65% · UNP 51% |
| Industrial Machinery & Supplies & Components | 71 | 8.8% | 49.3% | 45.1% | CRS 1411% · PSIX 952% · EROC 609% |
| Cargo Ground Transportation | 16 | 35.6% | 5.9% | 35.4% | XPO 258% · R 251% · CVLG 209% |
| Trading Companies & Distributors | 19 | 0.7% | 39.0% | 32.8% | DXPE 533% · AIT 289% · WCC 214% |
| Diversified Support Services | 33 | 13.1% | 32.4% | 26.8% | LIME 4173% · TH 371% · WLFC 360% |
| Electrical Components & Equipment | 41 | 19.1% | 51.3% | 21.7% | POWL 2201% · BE 1055% · VRT 900% |
| Building Products | 33 | -9.7% | 7.2% | 19.4% | LMB 575% · GFF 398% · PPIH 300% |
| Research & Consulting Services | 13 | -9.7% | -20.5% | -6.3% | HURN 214% · GRNQ 137% · CRAI 89% |
| Agricultural & Farm Machinery | 17 | 14.0% | -1.4% | -7.2% | BLBD 213% · DE 90% · GENC 59% |
| Industrial Conglomerates | 17 | 10.4% | 15.4% | -8.5% | RCMT 676% · CSW 141% · CSL 80% |
| Environmental & Facilities Services | 29 | -8.8% | 16.4% | -12.0% | CECO 880% · ADUR 558% · NVRI 352% |
| Data Processing & Outsourced Services | 6 | -31.6% | -12.8% | -26.0% | EXLS 49% · BR 11% · G -23% |
| Passenger Airlines ← | 11 | 3.6% | -1.0% | -26.4% | LTM 2504% · UAL 141% · SKYW 117% |
| Office Services & Supplies | 9 | 12.7% | 23.7% | -30.4% | PBI 186% · TILE 157% · HNI 59% |
| Human Resource & Employment Services | 22 | 5.8% | -18.3% | -35.7% | BBSI 86% · ADP 49% · KFY 31% |
| Air Freight & Logistics | 12 | -6.0% | -22.3% | -39.1% | CHRW 85% · FDX 67% · EXPD 62% |
| Security & Alarm Services | 10 | -33.9% | 5.0% | -45.5% | CIX 137% · MG 96% · NL 53% |
| Airport Services | 3 | -66.4% | -76.9% | -57.6% | JOBY -34% · ASLE -58% · UP -100% |
Latest Trefis Analyses
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
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Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 40.83 |
| Mkt Cap | 2.8 |
| Rev LTM | 6,847 |
| Op Inc LTM | 106 |
| FCF LTM | -268 |
| FCF 3Y Avg | -279 |
| CFO LTM | 684 |
| CFO 3Y Avg | 599 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 9.6% |
| Rev Chg 3Y Avg | 5.6% |
| Rev Chg Q | 15.4% |
| QoQ Delta Rev Chg LTM | 3.9% |
| Op Inc Chg LTM | -52.5% |
| Op Inc Chg 3Y Avg | -12.2% |
| Op Mgn LTM | 1.6% |
| Op Mgn 3Y Avg | 2.8% |
| QoQ Delta Op Mgn LTM | -0.3% |
| CFO/Rev LTM | 7.7% |
| CFO/Rev 3Y Avg | 7.7% |
| FCF/Rev LTM | -1.9% |
| FCF/Rev 3Y Avg | -2.5% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 2.8 |
| P/S | 0.5 |
| P/Op Inc | 1.8 |
| P/EBIT | 1.3 |
| P/E | 3.8 |
| P/CFO | 4.2 |
| Total Yield | -1.1% |
| Dividend Yield | 0.0% |
| FCF Yield 3Y Avg | -4.4% |
| D/E | 1.1 |
| Net D/E | 0.8 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | -22.0% |
| 3M Rtn | -2.8% |
| 6M Rtn | 1.3% |
| 12M Rtn | 3.0% |
| 3Y Rtn | -1.0% |
| 1M Excs Rtn | -18.4% |
| 3M Excs Rtn | -7.3% |
| 6M Excs Rtn | -13.3% |
| 12M Excs Rtn | -15.7% |
| 3Y Excs Rtn | -74.9% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Allegiant Air | 2,546 | 2,441 | 2,507 | 2,302 | 1,708 |
| Sunseeker | 61 | 72 | 3 | 0 | 0 |
| Total | 2,607 | 2,513 | 2,510 | 2,302 | 1,708 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Allegiant Air | 144 | 142 | 251 | 137 | 271 |
| Sunseeker | -107 | -382 | -30 | -45 | -8 |
| Total | 37 | -240 | 221 | 92 | 263 |
| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Allegiant Air | 4,209 | 4,116 | 4,201 | 4,047 | 3,872 |
| Sunseeker | 0 | 314 | 656 | 464 | 119 |
| Other non- airline | 0 | ||||
| Total | 4,209 | 4,430 | 4,857 | 4,511 | 3,991 |
Price Behavior
| Market Price | $78.16 | |
| Market Cap ($ Bil) | 1.8 | |
| First Trading Date | 12/08/2006 | |
| Distance from 52W High | -34.4% | |
| 50 Days | 200 Days | |
| DMA Price | $95.23 | $88.91 |
| DMA Trend | up | indeterminate |
| Distance from DMA | -17.9% | -12.1% |
| 3M | 1YR | |
| Volatility | 57.8% | 62.9% |
| Downside Capture | 279.92 | 218.15 |
| Upside Capture | 192.54 | 196.58 |
| Correlation (SPY) | 45.3% | 43.8% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 2.61 | 2.60 | 1.87 | 2.47 | 2.12 | 1.83 |
| Up Beta | 2.73 | 1.77 | 2.11 | 2.80 | 2.74 | 2.11 |
| Down Beta | -2.49 | 1.84 | 0.94 | 1.70 | 1.75 | 1.63 |
| Up Capture | 59% | 105% | 176% | 249% | 304% | 424% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 6 | 13 | 27 | 53 | 115 | 356 |
| Down Capture | 694% | 464% | 230% | 230% | 155% | 111% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 15 | 29 | 37 | 74 | 135 | 392 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALGT | |
|---|---|---|---|---|
| ALGT | 21.7% | 62.9% | 0.55 | - |
| Sector ETF (XLI) | 17.0% | 17.1% | 0.75 | 51.3% |
| Equity (SPY) | 19.7% | 12.8% | 1.13 | 43.9% |
| Gold (GLD) | 24.6% | 29.2% | 0.75 | 19.4% |
| Commodities (DBC) | 44.1% | 20.4% | 1.69 | -41.1% |
| Real Estate (VNQ) | 9.1% | 13.6% | 0.39 | 37.5% |
| Bitcoin (BTCUSD) | -26.9% | 43.8% | -0.59 | 21.2% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALGT | |
|---|---|---|---|---|
| ALGT | -14.7% | 55.4% | -0.08 | - |
| Sector ETF (XLI) | 12.4% | 17.6% | 0.54 | 53.8% |
| Equity (SPY) | 12.8% | 17.2% | 0.57 | 48.8% |
| Gold (GLD) | 19.1% | 18.8% | 0.82 | 3.9% |
| Commodities (DBC) | 10.7% | 19.5% | 0.43 | -4.2% |
| Real Estate (VNQ) | 1.7% | 18.9% | -0.01 | 41.2% |
| Bitcoin (BTCUSD) | 10.6% | 52.6% | 0.38 | 24.9% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with ALGT | |
|---|---|---|---|---|
| ALGT | -3.8% | 51.8% | 0.13 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 57.0% |
| Equity (SPY) | 15.3% | 17.9% | 0.72 | 51.3% |
| Gold (GLD) | 12.4% | 16.3% | 0.62 | 2.5% |
| Commodities (DBC) | 7.9% | 18.1% | 0.35 | 7.1% |
| Real Estate (VNQ) | 4.8% | 20.7% | 0.19 | 46.8% |
| Bitcoin (BTCUSD) | 64.0% | 66.2% | 1.04 | 15.1% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Returns Analyses
Earnings Returns History
Updated 9/4/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -1.0% | -15.9% | -28.8% |
| 4/30/2026 | -0.8% | 8.6% | 17.9% |
| 2/4/2026 | -0.4% | 9.5% | -20.4% |
| 11/4/2025 | 25.1% | 15.0% | 42.4% |
| 8/4/2025 | 0.6% | 0.9% | 35.5% |
| 5/6/2025 | 3.7% | 18.1% | 11.1% |
| 2/4/2025 | -15.3% | -13.6% | -36.7% |
| 10/30/2024 | 3.3% | 17.3% | 30.0% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 11 |
| # Negative | 10 | 8 | 12 |
| Median Positive | 3.7% | 8.6% | 23.7% |
| Median Negative | -1.9% | -8.3% | -8.6% |
| Max Positive | 25.1% | 18.1% | 43.4% |
| Max Negative | -15.3% | -30.2% | -36.7% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 8/4/2026 | -1.0% | -15.9% | -28.8% |
| 4/30/2026 | -0.8% | 8.6% | 17.9% |
| 2/4/2026 | -0.4% | 9.5% | -20.4% |
| 11/4/2025 | 25.1% | 15.0% | 42.4% |
| 8/4/2025 | 0.6% | 0.9% | 35.5% |
| 5/6/2025 | 3.7% | 18.1% | 11.1% |
| 2/4/2025 | -15.3% | -13.6% | -36.7% |
| 10/30/2024 | 3.3% | 17.3% | 30.0% |
| 7/31/2024 | -11.1% | -30.2% | -24.3% |
| 5/7/2024 | -1.5% | 10.0% | -0.3% |
| 2/5/2024 | 7.4% | 8.3% | 3.0% |
| 11/2/2023 | -2.3% | -7.5% | 9.3% |
| 5/3/2023 | 11.8% | 7.4% | -0.3% |
| 2/1/2023 | 21.2% | 14.0% | 23.7% |
| 11/2/2022 | 3.7% | 2.6% | 13.4% |
| 8/3/2022 | -2.5% | -8.9% | -18.0% |
| 5/4/2022 | 1.0% | -7.8% | -4.7% |
| 2/2/2022 | -0.6% | 3.7% | -11.0% |
| 10/27/2021 | -2.2% | 3.0% | -2.5% |
| 7/28/2021 | 2.3% | -3.5% | -3.3% |
| 5/4/2021 | 1.6% | -2.7% | -6.2% |
| 2/3/2021 | 13.5% | 11.9% | 26.2% |
| 10/28/2020 | 11.0% | 6.9% | 43.4% |
| SUMMARY STATS | |||
| # Positive | 13 | 15 | 11 |
| # Negative | 10 | 8 | 12 |
| Median Positive | 3.7% | 8.6% | 23.7% |
| Median Negative | -1.9% | -8.3% | -8.6% |
| Max Positive | 25.1% | 18.1% | 43.4% |
| Max Negative | -15.3% | -30.2% | -36.7% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/10/2026 | 10-Q |
| 03/31/2026 | 05/06/2026 | 10-Q |
| 12/31/2025 | 02/26/2026 | 10-K |
| 09/30/2025 | 11/06/2025 | 10-Q |
| 06/30/2025 | 08/06/2025 | 10-Q |
| 03/31/2025 | 05/07/2025 | 10-Q |
| 12/31/2024 | 03/03/2025 | 10-K |
| 09/30/2024 | 11/05/2024 | 10-Q |
| 06/30/2024 | 08/06/2024 | 10-Q |
| 03/31/2024 | 05/09/2024 | 10-Q |
| 12/31/2023 | 02/29/2024 | 10-K |
| 09/30/2023 | 11/08/2023 | 10-Q |
| 06/30/2023 | 08/07/2023 | 10-Q |
| 03/31/2023 | 05/08/2023 | 10-Q |
| 12/31/2022 | 02/27/2023 | 10-K |
| 09/30/2022 | 11/03/2022 | 10-Q |
| 06/30/2022 | 08/04/2022 | 10-Q |
| 03/31/2022 | 05/05/2022 | 10-Q |
| 12/31/2021 | 03/01/2022 | 10-K |
| 09/30/2021 | 10/28/2021 | 10-Q |
| 06/30/2021 | 07/30/2021 | 10-Q |
| 03/31/2021 | 05/05/2021 | 10-Q |
| 12/31/2020 | 03/01/2021 | 10-K |
| 09/30/2020 | 11/05/2020 | 10-Q |
| 06/30/2020 | 08/04/2020 | 10-Q |
| 03/31/2020 | 05/22/2020 | 10-Q |
| 12/31/2019 | 02/27/2020 | 10-K |
| 09/30/2019 | 10/31/2019 | 10-Q |
Recent Forward Guidance
Updated 8/6/2026Latest: Q2 2026 Earnings Reported 8/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q3 2026 System ASMs - year-over-year change | Reported | -0.07 | 0.0% | 0.0% | Affirmed | Guidance: -0.07 for Q2 2026 | ||
| Q3 2026 Scheduled service ASMs - year-over-year change | Reported | -0.06 | 1.0% | Raised | Guidance: -0.07 for Q2 2026 | |||
| Q3 2026 Fuel cost per gallon | Reported | 3.8 | -12.6% | Lowered | Guidance: 4.35 for Q2 2026 | |||
| Q3 2026 Adjusted operating margin | Reported | 1.0% | 2.0% | 3.0% | 1.0% | Raised | Guidance: 1.0% for Q2 2026 | |
| Q3 2026 Interest expense | Reported | 50.00 Mil | 42.9% | Raised | Guidance: 35.00 Mil for Q2 2026 | |||
| Q3 2026 Capitalized interest | Reported | -7.00 Mil | 16.7% | Lowered | Guidance: -6.00 Mil for Q2 2026 | |||
| Q3 2026 Interest income | Reported | 12.00 Mil | 71.4% | Raised | Guidance: 7.00 Mil for Q2 2026 | |||
| Q3 2026 Adjusted earnings per share | Reported | -1 | -0.5 | 0 | 0.0% | Affirmed | Guidance: -0.5 for Q2 2026 | |
| Q3 2026 Weighted average shares outstanding | Reported | 27.30 Mil | ||||||
| 2026 Fuel cost per gallon | Reported | 3.7 | ||||||
| 2026 Capitalized deferred heavy maintenance | Reported | 75.00 Mil | 80.00 Mil | 85.00 Mil | -5.9% | Lowered | Guidance: 85.00 Mil for 2026 | |
| 2026 Recurring principal payments | Reported | 205.00 Mil | 210.00 Mil | 215.00 Mil | 50.0% | Raised | Guidance: 140.00 Mil for 2026 | |
| 2026 Adjusted earnings per share | Reported | 6 | ||||||
| 2026 Weighted average shares outstanding | Reported | 23.90 Mil | ||||||
| 2026 Aircraft-related capital expenditures | Reported | 640.00 Mil | 650.00 Mil | 660.00 Mil | 12.1% | Raised | Guidance: 580.00 Mil for 2026 | |
| 2026 Other capital expenditures | Reported | 115.00 Mil | 120.00 Mil | 125.00 Mil | 41.2% | Raised | Guidance: 85.00 Mil for 2026 | |
Prior: Q1 2026 Earnings Reported 4/30/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q2 2026 System ASMs - year-over-year change | Reported | -0.07 | ||||||
| Q2 2026 Scheduled service ASMs - year-over-year change | Reported | -0.07 | ||||||
| Q2 2026 Fuel cost per gallon | Reported | 4.35 | ||||||
| Q2 2026 Adjusted operating margin | Reported | 0.0% | 1.0% | 2.0% | -12.5% | Lower New | Guidance: 13.5% for Q1 2026 | |
| Q2 2026 Interest expense | Reported | 35.00 Mil | ||||||
| Q2 2026 Capitalized interest | Reported | 6.00 Mil | ||||||
| Q2 2026 Interest income | Reported | 7.00 Mil | ||||||
| Q2 2026 Adjusted earnings per share | Reported | -1 | -0.5 | 0 | -116.7% | Lower New | Guidance: 3 for Q1 2026 | |
| 2026 Capitalized deferred heavy maintenance | Reported | 80.00 Mil | 85.00 Mil | 90.00 Mil | ||||
| 2026 Recurring principal payments | Reported | 135.00 Mil | 140.00 Mil | 145.00 Mil | ||||
| 2026 Aircraft-related capital expenditures | Reported | 570.00 Mil | 580.00 Mil | 590.00 Mil | ||||
| 2026 Other capital expenditures | Reported | 80.00 Mil | 85.00 Mil | 90.00 Mil | ||||
Q4 2025 Earnings Reported 2/4/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q1 2026 Adjusted Operating Margin | Reported | 12.0% | 13.5% | 15.0% | 2.5% | Higher New | Guidance: 11.0% for Q4 2025 | |
| Q1 2026 Adjusted Earnings Per Share | Reported | 2.5 | 3 | 3.5 | 50.0% | Higher New | Guidance: 2 for Q4 2025 | |
| 2026 Adjusted Earnings Per Share | Reported | 8 | ||||||
Q3 2025 Earnings Reported 11/4/2025
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| Q4 2025 System ASMs - year over year change | Reported | 0.1 | ||||||
| Q4 2025 Scheduled service ASMs - year over year change | Reported | 0.1 | ||||||
| Q4 2025 Fuel cost per gallon | Reported | 2.55 | ||||||
| Q4 2025 Adjusted operating margin | Reported | 10.0% | 11.0% | 12.0% | ||||
| Q4 2025 Adjusted earnings per share | Reported | 1.5 | 2 | 2.5 | ||||
| 2025 System ASMs - year over year change | Reported | 0.12 | 24.5% | Raised | Guidance: -0.12 for 2025 | |||
| 2025 Scheduled service ASMs - year over year change | Reported | 0.13 | 26.0% | Raised | Guidance: -0.13 for 2025 | |||
| 2025 Fuel cost per gallon | Reported | 2.55 | 0.8% | Raised | Guidance: 2.53 for 2025 | |||
| 2025 Capitalized deferred heavy maintenance | Reported | 50.00 Mil | 60.00 Mil | 70.00 Mil | 0.0% | Affirmed | Guidance: 60.00 Mil for 2025 | |
| 2025 Recurring principal payments | Reported | 140.00 Mil | 145.00 Mil | 150.00 Mil | -12.1% | Lowered | Guidance: 165.00 Mil for 2025 | |
| 2025 Interest expense | Reported | 135.00 Mil | 140.00 Mil | 145.00 Mil | -3.4% | Lowered | Guidance: 145.00 Mil for 2025 | |
| 2025 Capitalized interest | Reported | -25.00 Mil | -20.00 Mil | -15.00 Mil | 0.0% | Affirmed | Guidance: -20.00 Mil for 2025 | |
| 2025 Interest income | Reported | 35.00 Mil | 40.00 Mil | 45.00 Mil | 14.3% | Raised | Guidance: 35.00 Mil for 2025 | |
| 2025 Adjusted airline-only earnings per share | Reported | 4.35 | Raised | Guidance: 3.25 for 2025 | ||||
| 2025 Adjusted consolidated earnings per share | Reported | 3 | 33.3% | Raised | Guidance: 2.25 for 2025 | |||
| 2025 Aircraft-related capital expenditures | Reported | 260.00 Mil | 270.00 Mil | 280.00 Mil | 0.0% | Affirmed | Guidance: 270.00 Mil for 2025 | |
| 2025 Other airline capital expenditures | Reported | 95.00 Mil | 105.00 Mil | 115.00 Mil | 0.0% | Affirmed | Guidance: 105.00 Mil for 2025 | |
Insider Activity
Updated 8/6/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gallagher, Maurice J JR | Executive Chairman | Direct | Sell | 2102026 | 113.52 | 18,757 | 2,129,276 | 214,249,858 | Form |
| 2 | Gallagher, Maurice J JR | Executive Chairman | See footnote | Sell | 2102026 | 114.00 | 861 | 98,154 | 17,100,000 | Form |
| 3 | Gallagher, Maurice J JR | Executive Chairman | Direct | Sell | 2102026 | 114.81 | 56,243 | 6,457,450 | 218,846,396 | Form |
| 4 | Gallagher, Maurice J JR | Executive Chairman | See footnote | Sell | 2102026 | 115.50 | 49,139 | 5,675,486 | 17,424,236 | Form |
| 5 | Gallagher, Maurice J JR | Executive Chairman | Direct | Sell | 2102026 | 114.23 | 175,000 | 19,990,890 | 224,166,189 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gallagher, Maurice J JR | Executive Chairman | Direct | Sell | 2102026 | 113.52 | 18,757 | 2,129,276 | 214,249,858 | Form |
| 2 | Gallagher, Maurice J JR | Executive Chairman | See footnote | Sell | 2102026 | 114.00 | 861 | 98,154 | 17,100,000 | Form |
| 3 | Gallagher, Maurice J JR | Executive Chairman | Direct | Sell | 2102026 | 114.81 | 56,243 | 6,457,450 | 218,846,396 | Form |
| 4 | Gallagher, Maurice J JR | Executive Chairman | See footnote | Sell | 2102026 | 115.50 | 49,139 | 5,675,486 | 17,424,236 | Form |
| 5 | Gallagher, Maurice J JR | Executive Chairman | Direct | Sell | 2102026 | 114.23 | 175,000 | 19,990,890 | 224,166,189 | Form |
| 6 | Morgan, Sandra Douglass | Direct | Sell | 10302025 | 65.00 | 350 | 22,750 | 711,750 | Form | |
| 7 | Ellmer, Gary | Direct | Sell | 8132025 | 49.00 | 2,000 | 98,000 | 269,010 | Form |
Investor Activity (13F)
Updated Sep 5, 2026Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager |
|---|
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Passenger Airlines Resources |
| FlightGlobal |
| Airline Weekly |
| Skift Airlines |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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