Allegiant Travel Company (ALGT): Lienzo del Modelo de Negocio [Actualizado en Ene-2025]

Sumérgete en el plan estratégico de Allegiant Travel Company, un rebelde en la industria de las aerolíneas presupuestarias que ha revolucionado los viajes de ocio apuntando a mercados desatendidos con un modelo de negocio innovador. Al combinar magistralmente los viajes aéreos asequibles, las rutas directas a los destinos de gemas ocultos y los paquetes de vacaciones integrales, Allegiant ha forjado un nicho único que atrae a los viajeros conscientes del presupuesto que busca el máximo valor sin comprometer la experiencia. Su lienzo de modelo de negocio revela un enfoque meticulosamente elaborado que transforma la economía de las aerolíneas tradicionales en una estrategia delgada y centrada en el cliente que ha impulsado el notable crecimiento y la diferenciación del mercado de la compañía.

Allegiant Travel Company (ALGT) - Modelo de negocios: asociaciones clave

Fabricantes de aeronaves

Allegiant opera principalmente una flota de aviones Airbus con los siguientes detalles específicos:

Tipo de aeronave	Número de aviones	Año de adquisición
Airbus A320	93	2013-2022
Airbus A321	37	2018-2023

Autoridades del aeropuerto y servicios de manejo de tierra

Allegiant opera en 120 aeropuertos en todo Estados Unidos, con asociaciones clave que incluyen:

• Aeropuerto Internacional McCarran (Las Vegas)
• Aeropuerto internacional de Orlando Sanford
• Aeropuerto Phoenix-Mesa Gateway

Socios de hotel y resort

Las asociaciones de vacaciones de Allegiant incluyen:

Categoría de socio	Número de socios	Ingresos anuales de los paquetes
Cadenas de hotel	87	$ 214 millones
Redes turísticas	42	$ 96 millones

Socios del programa de tarjeta de crédito y de fidelización

Detalles de la asociación de tarjeta de crédito Allegiant:

• Socio del Banco: Synchrony Bank
• Tipo de tarjeta: Allegiant World MasterCard
• Titulares de tarjetas anuales: 125,000
• Ingresos del programa de lealtad: $ 47.3 millones en 2023

Allegiant Travel Company (ALGT) - Modelo de negocio: actividades clave

Planificación de ruta de viaje de bajo costo de ocio

A partir del cuarto trimestre de 2023, Allegiant atiende a 129 destinos en los Estados Unidos. La compañía opera 127 rutas con un enfoque en conectar los mercados secundarios con destinos de ocio.

Métrico de ruta	2023 datos
Destinos totales	129
Rutas activas	127
Enfoque del mercado primario	Viaje de ocio

Mantenimiento de aeronaves y gestión de flotas

La flota de Allegiant consta de 133 aviones Airbus al 31 de diciembre de 2023.

• Composición de la flota: 93 aviones A320
• Composición de la flota: 40 aviones A319
• Edad de la flota promedio: 12.4 años

Métrico de mantenimiento	Valor 2023
Aeronave total	133
Gastos de mantenimiento anual	$ 87.3 millones

Venta de entradas directas a través de plataformas en línea

En 2023, Allegiant generó $ 2.1 mil millones en ingresos de pasajeros, con el 84% de las reservas completadas a través de canales digitales.

Canal de ventas	Porcentaje
Reservas en línea	84%
Centro de llamadas	12%
Agentes de viajes	4%

Desarrollo y marketing de paquetes de vacaciones

Allegiant Vacation Segment generó $ 367.2 millones en ingresos para el año fiscal 2023.

• Paquetes de vacaciones totales vendidos: 276,000
• Valor promedio del paquete: $ 1,330
• Destinos primarios: Las Vegas, Orlando, Phoenix

Métrica de segmento de vacaciones	2023 datos
Ingresos totales	$ 367.2 millones
Gasto de marketing	$ 42.5 millones

Allegiant Travel Company (ALGT) - Modelo de negocio: recursos clave

Flota de aviones de bajo consumo de combustible

A partir del cuarto trimestre de 2023, Allegiant Air opera una flota de 119 aviones, principalmente que consiste en modelos Airbus A320 y A321. La edad promedio de la flota es de aproximadamente 12.4 años.

Tipo de aeronave	Número de aviones	Capacidad de pasajeros
Airbus A320	86	180 pasajeros
Airbus A321	33	220 pasajeros

Ubicaciones estratégicas del centro del aeropuerto

Allegiant opera en 132 aeropuertos en todo Estados Unidos, con un enfoque principal en los mercados secundarios.

• Las Vegas, Nevada (sede y centro primario)
• Orlando, Florida
• Phoenix, Arizona

Tecnología de reserva y reserva patentada

Allegiant invirtió $ 34.7 millones en tecnología e infraestructura digital en 2023.

Inversión tecnológica	Cantidad
Desarrollo de plataforma digital	$ 21.3 millones
Actualizaciones del sistema de reserva	$ 13.4 millones

Reconocimiento de marca fuerte en el mercado de viajes presupuestarios

El valor de la marca de Allegiant estimado en $ 425 millones en 2023, con 5.2 millones de viajeros de ocio activos.

• Cuota de mercado en el segmento de la aerolínea presupuestaria: 3.7%
• Programa de lealtad del cliente: 2.1 millones de miembros
• Ingresos anuales: $ 2.24 mil millones (2023)

Allegiant Travel Company (ALGT) - Modelo de negocio: propuestas de valor

Viajes aéreos asequibles a destinos de ocio

A partir del cuarto trimestre de 2023, la tarifa unidireccional promedio de Allegiant era de $ 53, significativamente más bajo que los competidores de la industria. La compañía atendió 134 rutas en 50 destinos, principalmente atacando a los viajeros de ocio que buscan opciones de viaje rentables.

Métrico	Valor
Tarifa unidireccional promedio	$53
Rutas totales	134
Destinos totales	50

Vuelos directos a los mercados desatendidos

Allegiant se centra en conectar ciudades secundarias con destinos de ocio populares, reduciendo la complejidad de los viajes para los pasajeros.

• El 70% de las rutas conectan áreas metropolitanas más pequeñas
• Enfoque principal en los mercados con servicio de aerolíneas comerciales limitadas
• Opera en 29 estados de los Estados Unidos

Paquetes de viaje agrupados con alojamiento

En 2023, Allegiant Vacations generó $ 186.7 millones en ingresos, lo que representa el 8.2% de los ingresos totales de la compañía.

Componente de paquete	Precios típicos
Paquete de vuelo + hotel	A partir de $ 199
Vuelo + alquiler de coche	A partir de $ 159
Paquete de viaje completo	A partir de $ 299

Precios flexibles y opciones de servicio auxiliar

Los ingresos auxiliares por pasajero alcanzaron $ 33.14 en 2023, lo que demuestra la efectividad del modelo de servicio a la carta de Allegiant.

• Tarifas de equipaje: $ 20- $ 50 por bolsa
• Tarifas de selección de asiento: $ 10- $ 25
• PRIENA PARA PRIENA: $ 7- $ 15
• Seguro de viaje: $ 29- $ 59

Flujo de ingresos auxiliares	2023 ingresos
Tarifas de equipaje	$ 127.3 millones
Selección de asiento	$ 84.6 millones
Extras de viaje	$ 53.2 millones

Allegiant Travel Company (ALGT) - Modelo de negocios: relaciones con los clientes

Plataformas de reserva digital de autoservicio

Allegiant Travel Company ofrece reserva en línea a través de su sitio web Allegiant.com y la aplicación móvil. A partir del cuarto trimestre de 2023, la plataforma digital procesó aproximadamente 68% del total de reservas.

Plataforma digital	Porcentaje de reserva	Valor de transacción promedio
Sitio web	52%	$237
Aplicación móvil	16%	$212

Programa de lealtad (recompensas de todo el mundo)

El programa de fidelización de Allegiant presenta las siguientes métricas a partir de 2024:

• Membresía total: 3.2 millones de miembros activos
• Tasa de canje de puntos promedio: 42%
• Tasa de clientes habituales a través del programa de fidelización: 27%

Marketing por correo electrónico personalizado

La estrategia de marketing por correo electrónico de Allegiant genera un compromiso significativo:

Métrica de la campaña de correo electrónico	Valor
Destinatarios mensuales de correo electrónico	1.8 millones
Tarifa de apertura	22.4%
Tasa de clics	7.6%

Atención al cliente a través de múltiples canales

Los canales de atención al cliente y las métricas de rendimiento incluyen:

• Soporte telefónico: tiempo de espera promedio 7.2 minutos
• Chat en vivo: tiempo de respuesta menor de 3 minutos
• Tasa de respuesta de las redes sociales: 94% en 4 horas

Canal de soporte	Volumen mensual	Calificación de satisfacción del cliente
Soporte telefónico	126,000 llamadas	86%
Chat en vivo	45,000 interacciones	91%
Soporte por correo electrónico	38,000 boletos	83%

Allegiant Travel Company (ALGT) - Modelo de negocios: canales

Sitio web de la empresa

Allegiant.com sirve como un canal de reserva directo principal, procesando aproximadamente el 85% de las ventas de boletos directos de la compañía. El sitio web maneja un promedio de 2.3 millones de visitantes únicos por mes a partir del cuarto trimestre de 2023.

Métrico del sitio web	Valor
Visitantes únicos mensuales	2.3 millones
Porcentaje de venta de entradas directas	85%

Aplicación móvil

La aplicación móvil de Allegiant, disponible en plataformas iOS y Android, genera el 22% de las transacciones de reserva digital. La aplicación se descargó 1,4 millones de veces en 2023.

Módulo de aplicación móvil	Valor
Descargas de aplicaciones en 2023	1.4 millones
Transacciones de reserva digital	22%

Agencias de viajes en línea

Allegiant se asocia con múltiples agencias de viajes en línea, que aportan aproximadamente el 7% de los ingresos totales de la reserva.

• Expedia
• Orbitz
• Travelocidad

Centros de llamadas de ventas directas

Allegiant opera 3 centros de llamadas dedicados que manejan aproximadamente el 15% de las reservas de clientes. El volumen anual de llamadas alcanza 1,8 millones de interacciones con los clientes.

Métrico del centro de llamadas	Valor
Número de centros de llamadas	3
Volumen de llamadas anual	1.8 millones
Porcentaje de reserva	15%

Contadores de boletos del aeropuerto

Allegiant mantiene contadores de boletos en 121 aeropuertos en su red, procesando aproximadamente el 5% de la venta total de boletos.

Airport Counter Metric	Valor
Número de ubicaciones en el aeropuerto	121
Porcentaje de venta de entradas	5%

Allegiant Travel Company (ALGT) - Modelo de negocio: segmentos de clientes

Viajeros de ocio conscientes del presupuesto

Allegiant se dirige a los viajeros que buscan opciones de vacaciones de bajo costo. A partir del cuarto trimestre de 2023, la compañía informó:

Métrico	Valor
Precio promedio de boleto	$79.12
Viajeros de ocio servidos anualmente	14.2 millones
Porcentaje de viajeros presupuestarios	68%

Familias que buscan opciones de vacaciones asequibles

Allegiant se centra en el mercado de viajes familiares con características específicas:

• Ingresos familiares medios del segmento de la familia objetivo: $ 65,400
• Tamaño promedio del grupo familiar: 3.4 pasajeros
• Destinos de vacaciones típicos: Las Vegas, Orlando, Phoenix

Viajeros en mercados más pequeños y desatendidos

Detalles de penetración del mercado para mercados secundarios:

Tipo de mercado	Número de ciudades atendidas	Pasajeros anuales
Mercados secundarios	129	3.8 millones
Mercados terciarios	86	1.5 millones

Viajeros espontáneos sensibles al precio

Características del segmento de viaje espontáneo:

• Ventana de reserva: 0-14 días antes del viaje
• Porcentaje de reservas espontáneas: 42%
• Edad de viajero espontáneo promedio: 32-45 años

Allegiant Travel Company (ALGT) - Modelo de negocio: Estructura de costos

Alquiler de aeronaves y gastos de mantenimiento

A partir de los informes financieros de 2023, los gastos de arrendamiento y mantenimiento de Aircraft de Allegiant fueron de $ 314.5 millones. La compañía opera una flota de 127 aviones Airbus, principalmente modelos A320 y A321.

Categoría de gastos	Cantidad (2023)
Costos de arrendamiento de aeronaves	$ 214.3 millones
Gastos de mantenimiento	$ 100.2 millones

Costos de combustible

Los gastos de combustible para Allegiant en 2023 totalizaron $ 370.6 millones, lo que representa una porción significativa de los costos operativos.

• Precio promedio de combustible por galón: $ 2.85
• Consumo total de combustible: 130 millones de galones
• Eficiencia de combustible: 74 millas de asiento por galón

Salarios y capacitación de los empleados

Los gastos totales de personal para Allegiant en 2023 fueron de $ 282.4 millones.

Categoría de empleado	Salario promedio
Pilotos	$120,000
Azafata	$55,000
Personal de tierra	$45,000

Gastos de marketing y distribución

Los costos de marketing y distribución de Allegiant en 2023 ascendieron a $ 98.7 millones.

• Marketing digital: $ 42.3 millones
• Publicidad tradicional: $ 31.5 millones
• Costos del canal de distribución: $ 24.9 millones

Allegiant Travel Company (ALGT) - Modelo de negocios: flujos de ingresos

Venta de entradas

Para el año fiscal 2023, Allegiant Travel Company reportó ingresos operativos totales de $ 2.46 mil millones. Los ingresos por pasajeros, que incluyen principalmente la venta de entradas, fueron de $ 1.97 mil millones.

Categoría de ingresos	Cantidad (2023)
Ingresos operativos totales	$ 2.46 mil millones
Ingresos del pasajero	$ 1.97 mil millones

Tarifas de servicio auxiliar

Allegiant generado $ 487 millones en ingresos que no son boletos de los servicios auxiliares en 2023.

• Tarifas de reserva
• Cambiar tarifas
• Cargos de conveniencia

Ingresos de paquetes de vacaciones

Los paquetes de vacaciones contribuyeron aproximadamente $ 214 millones a los ingresos totales de la compañía en 2023.

Cargos de selección de equipaje y asiento

Servicio	Cargo promedio
Equipaje facturado	$ 35 por bolsa
Selección de asiento	$ 10- $ 25 por asiento

Comisiones de alquiler de hoteles y automóviles

Los ingresos de la comisión de los servicios relacionados con los viajes fueron aproximadamente $ 58 millones en 2023.

Fuente de la comisión	Contribución de ingresos
Reservas de hotel	$ 38 millones
Comisiones de alquiler de automóviles	$ 20 millones

Allegiant Travel Company (ALGT) - Canvas Business Model: Value Propositions

Allegiant Travel Company offers ultra-low base fares specifically targeting price-sensitive leisure travelers. Since 1999, Allegiant Air has linked travelers in underserved cities to world-class vacation destinations with all-nonstop flights and industry-low average fares. Today, Allegiant serves communities across the nation, with base airfares less than half the cost of the average domestic round trip ticket. For instance, a promotional sale in late 2025 advertised one-way fares starting as low as $39 for a specific travel window.

The company provides nonstop flights to premier vacation destinations from smaller cities. Allegiant Travel Company recently announced the addition of 30 new nonstop routes, including four new markets, launching in the first half of 2026, which will provide service between 35 cities.

Operational excellence supports the value proposition, with Allegiant Travel Company achieving a remarkable 99.9% controllable completion factor in the second quarter of 2025. This high level of operational reliability was also reported as a 99.9% controllable completion factor in departures for the third quarter of 2025.

The model heavily relies on unbundled pricing allowing customers to customize their travel cost. This is evident in the strong performance of ancillary revenue, which increased by $3 per passenger during the first half of 2025. The record total average ancillary fare reached $79.28 per passenger in the first quarter of 2025. Here are some key metrics underpinning these value drivers as of the first half of 2025.

Value Proposition Metric	Financial/Statistical Number	Period/Context
Base Airfare Positioning	Less than half the cost of the average domestic roundtrip ticket	As of late 2025
Promotional One-Way Fare Example	$39	For specific travel dates in late 2025/early 2026 sale
Controllable Completion Factor	99.9%	Second Quarter 2025
Ancillary Revenue Improvement	$3 per passenger	First half of 2025
Record Total Average Ancillary Fare	$79.28 per passenger	First Quarter 2025
New Nonstop Routes Announced	30	Launching in first half of 2026

Allegiant Travel Company (ALGT) - Canvas Business Model: Customer Relationships

You're looking at how Allegiant Travel Company (ALGT) keeps its customers engaged, which, for an ultra-low-cost carrier, is all about efficiency and value capture. The relationship is fundamentally transactional, but they are actively trying to layer on loyalty to secure that next booking.

Automated self-service via website and mobile app

The primary interface for the customer relationship is digital, which keeps their cost-to-serve low. This is key to maintaining the low-fare structure you see advertised. You can see the success of this push in their booking mix.

For instance, the percent of sales through the website was reported at 92.4 % for the second quarter of 2025, and slightly higher at 92.5 % in the first quarter of 2025. This heavy reliance on direct, automated channels is a deliberate strategy.

To encourage self-service adoption, Allegiant Travel Company imposes fees for human intervention. For example, a $5.00 fee applies if a passenger chooses to have a boarding pass printed at select domestic airport locations, pushing them toward the mobile app for a digital pass. Furthermore, fares displayed online include an electronic usage charge of $22 per passenger, per segment, whether booked via the website or the call center, though the goal is clearly to steer traffic to the web.

The digital relationship offers several self-service options:

• Manage Travel section on allegiantair.com for online changes or cancellations.
• AVA Allegiant Virtual AssistantTM for live chat support.
• Digital boarding passes via the mobile app.

Transactional relationship driven by low-cost focus

The core of the relationship is the low price point, which is the main draw for their specific customer segment. Allegiant Travel Company states that its base airfares are less than half the cost of the average domestic roundtrip ticket. This transactional nature is evident even in their recent traffic and financial performance.

Looking at October 2025, scheduled service passengers jumped 27.4% year-over-year, totaling 1,488,444 passengers. Total system passengers rose 27.6% to 1,527,501. Still, the third quarter of 2025 showed a consolidated net loss of $37.7 million, with revenue at $561.9 million and earnings per share at -$2.09.

The low-cost focus is also reflected in ancillary revenue, which is where they make up margin. In the fourth quarter of 2024, ancillary revenue per passenger reached $78.43, marking a 7.4% increase from the same period in 2023. This is how they keep the base fare low while monetizing the entire trip.

You can see the low-fare promise in their promotional activity. For a late 2025 sale, one-way fares were advertised to start at $39 for travel between December 15, 2025, and May 31, 2026.

Here is a snapshot of recent operational and financial context that frames this transactional relationship:

Metric	Period/Date	Value
Scheduled Service Passengers	October 2025	1,488,444
Total System Passengers	October 2025	1,527,501
Consolidated Net Loss	Q3 2025	$37.7 million
Revenue (LTM)	As of late 2025	$2.58 billion
Ancillary Revenue Per Passenger	Q4 2024	$78.43

Loyalty program strengthening to drive repeat business

Allegiant Travel Company is working to move customers beyond single transactions through its Allways Rewards program, which launched in 2021. This program is designed around dollars spent, not miles flown, which fits the leisure traveler profile. Members earn 1 point for every dollar spent on a flight, redeemable at a rate of 1 cent per point, meaning a $100 flight yields $1 in future travel credit.

To deepen engagement, they are enhancing the program, especially around their co-branded credit card. For example, points earned on the card are eligible for redemption on the first day after the monthly credit card statement closes. Furthermore, members can earn 2 points per qualified dollar spent on itineraries with qualified spend equal to or above $500.

The program has specific rules designed to encourage consistent engagement, like points expiring after 24 months of inactivity. Inactivity is defined by making a booking while logged in or completing travel using an Allways ID number.

The airline's efforts are recognized; Allegiant Travel Company was named the only U.S. airline on Newsweek's America's Most Loved Brands 2025 list, achieving a four out of five-star rating in the study. This suggests the loyalty efforts are resonating with their base.

The focus on repeat business is also seen in targeted promotions, such as an early promotion in late November 2025 offering bonus points for winter travel:

• 500 bonus points for completing travel in December.
• 1,000 bonus points for completing travel in January.
• 2,000 bonus points for completing travel in February.

Finance: draft 13-week cash view by Friday.

Allegiant Travel Company (ALGT) - Canvas Business Model: Channels

You're looking at how Allegiant Travel Company gets its product-ultra-low-cost, nonstop leisure travel-into the hands of its customers. It's a very direct-to-consumer setup, which helps keep costs down, a key part of their whole model. The channels they use are tightly integrated with their point-to-point, leisure-focused network.

Allegiant.com and mobile app (primary direct sales channel)

Honestly, the digital storefront is where the vast majority of the action happens. This direct channel bypasses traditional travel agents, which is crucial for maintaining those low base fares. For the full year 2024, the percent of sales through the website was reported at 92.4%. That's a massive reliance on direct booking. Even in the second quarter of 2024, the website accounted for 93.1% of sales. This digital focus also drives the ancillary revenue, which is where the real margin is made. For instance, the total average ancillary fare hit a record $75.83 per passenger for the full year 2024, and in the fourth quarter of 2024, it was over $78 per passenger. You see the connection: the direct channel sells the low base fare and then up-sells the extras.

Here's a quick look at how their digital sales stack up against their total revenue base:

Metric	Period	Value
Full Year 2024 Total Operating Revenue	Full Year 2024	$2.51B
Full Year 2024 Passenger Revenue (in thousands)	Full Year 2024	$2,217,059
Website Sales Percentage	Full Year 2024	92.4%
Website Sales Percentage	Q2 2024	93.1%

Secondary and smaller-city airports with lower operating costs

Allegiant Travel Company's network structure is itself a channel strategy. They don't compete head-to-head at major hubs; they connect smaller, underserved cities to leisure destinations. This strategy relies on using smaller airports that generally have lower landing fees and operating expenses. This focus on specific city pairs drives demand directly to their point-to-point service. The growth in this channel is aggressive:

• - In November 2024, Allegiant announced 44 new nonstop routes, adding 3 new cities to the network, which then served 51 cities in total.
• - By July 2025, they announced 7 new nonstop routes connecting 12 cities, adding Fort Myers, Florida, as a new destination.
• - In November 2025, they announced another 30 new nonstop routes connecting 35 cities, including 4 new markets (La Crosse, Philadelphia, Trenton, Columbia) launching in early 2026.

They are defintely committed to this point-to-point, smaller-city approach. For example, in the October 2025 traffic report, they flew 1,488,444 scheduled service passengers.

Call centers for customer support and bookings

While digital is king, you still need a way to handle things when the app or website isn't enough, or for customers who prefer a human touch. The call centers primarily serve as a necessary support function for the direct sales model, handling customer service issues, changes, and sometimes initial bookings, though the latter is a smaller portion of total sales. We know that for the full year 2024, the airline was ranked number 4 amongst major US carriers in the Wall Street Journal's "The Best and Worst Airlines of 2024," which suggests a baseline level of service interaction is managed through these channels.

• - Call centers support the 18M total active Allways Rewards members as of the end of 2024.
• - They manage service for the 16,982,836 passengers carried in scheduled service for the full year 2024.

Finance: draft 13-week cash view by Friday.

Allegiant Travel Company (ALGT) - Canvas Business Model: Customer Segments

You're looking at the core audience Allegiant Travel Company targets, which is quite specific and drives their entire low-cost, leisure-focused model. They aren't trying to be everything to everyone; they focus on a distinct group that values price over premium amenities.

The primary segment is definitely the price-sensitive leisure travelers and families. This is evident in their marketing, like the Cyber Monday/Travel Tuesday sale offering one-way fares starting at just $39 for travel between December 15, 2025, and May 31, 2026. Allegiant Travel Company positions itself as a low-cost carrier, stating that its base airfares are less than half the cost of the average domestic roundtrip ticket. This focus on value is central to their appeal, even when facing financial headwinds, such as the consolidated net loss of $37.7 million reported for the third quarter of 2025 on revenue of $561.9 million.

Next, you have the residents of small-to-medium-sized US cities. Allegiant Air has built its network specifically to link travelers in these under-served cities to popular vacation destinations with all-nonstop flights. This strategy is reflected in their operational scale, which continues to grow. For instance, in October 2025, the airline carried 1,488,444 passengers in scheduled service, a 27.4% increase year-over-year. Honestly, their entire route map is a testament to serving these specific geographic pockets.

Here's a quick look at the traffic volume supporting this segment in late 2025:

Metric (October 2025)	Scheduled Service	Total System
Passengers	1,488,444	1,527,501
Revenue Passenger Miles (000)	1,333,828	N/A
Available Seat Miles (000)	1,628,174	1,716,990
Load Factor	81.9%	N/A

Finally, the third segment is the vacation package buyers seeking bundled air, hotel, and car options. Allegiant Travel Company is an integrated travel company, not just an airline. They sell air transportation both on a stand-alone basis and bundled with air-related and third-party services and products. The company's leisure focus is underscored by the opening of Sunseeker Resort Charlotte Harbor, which offers guestrooms and food and beverage outlets, clearly aiming to capture more of the vacation spend from their flying customers. The trailing twelve-month revenue as of September 30, 2025, stood at $2.58B, a figure that incorporates these ancillary and package sales. You can see the commitment to this bundled offering, even if the exact package attachment rate isn't publically detailed in every traffic release. They were defintely named 2025's Best Low-Cost Airline in North America by Skytrax, which speaks volumes about their success with this value-seeking demographic.

For the next step, Finance needs to draft the 13-week cash view by Friday.

Allegiant Travel Company (ALGT) - Canvas Business Model: Cost Structure

Allegiant Travel Company operates with a core focus on cost discipline, central to its ultra-low-cost carrier (ULCC) model.

Labor costs remain a significant component, though the airline has taken steps to mitigate crew-related expenses, such as scheduling crews to return to their home base daily to avoid hotel room costs. For the first half of 2025, total operating expenses increased by 9.3% year-over-year, even as aircraft fuel expense decreased by 2.4% year-over-year.

Aircraft ownership and maintenance expenses showed pressure in the third quarter of 2025. Specifically, the maintenance line item increased by 31.8% year-over-year in Q3 2025. This increase was linked to the timing of rotable repairs, lease returns, and some tariff costs. Furthermore, increased maintenance costs and a rise in aircraft lease rentals were cited as factors contributing to the airline's Q3 2025 operating loss of USD 20.2 million.

The ULCC structure inherently benefits from lower airport operating costs by serving small and medium-sized cities, often utilizing secondary airports. This strategy helps keep the overall cost base down, which is reflected in the unit cost performance.

The airline's focus on cost control is evident in its unit cost metrics:

• Adjusted airline-only operating Cost per Available Seat Mile, excluding fuel (CASM-ex fuel), was 8.47¢ in Q3 2025.
• This Q3 CASM-ex fuel represented a decrease of 4.7% year-over-year for the quarter.
• Year-to-date through the first nine months of 2025, the team achieved an adjusted CASM-ex fuel decrease of nearly 7%.

Here's a quick look at key operational cost indicators from Q3 2025 compared to the prior year:

Cost Metric (Airline Only)	Q3 2025 Value	Year-over-Year Change
Adjusted CASM, excluding fuel and specials	8.47¢	Down 4.7%
Maintenance Expense	Not specified	Up 31.8%
Operating Margin	(3.1)%	Decline from prior year profit

The fleet modernization plan, aiming for the MAX aircraft to comprise over 20% of Available Seat Miles (ASMs) in 2026, is expected to further lower fuel and maintenance costs, supporting future margin expansion. The airline ended Q2 2025 with a fleet of 126 aircraft.

You should monitor the progress of the MAX integration, as it's directly tied to achieving lower unit costs going forward. Finance: draft 13-week cash view by Friday.

Allegiant Travel Company (ALGT) - Canvas Business Model: Revenue Streams

You're looking at the core ways Allegiant Travel Company brings in money as of late 2025. It's a mix heavily weighted toward the non-ticket side of the business, which is typical for their model.

The primary components of Allegiant Travel Company's revenue streams are detailed below, reflecting performance through the first half of 2025.

• - Ancillary revenue, hitting a record $79.28 per passenger for the first quarter of 2025.
• - Passenger ticket sales (base fares), which represented the bulk of the top line.
• - Cobrand credit card remuneration, totaling $33.3 million in the second quarter of 2025.
• - Fixed fee contract revenue from providing services to other airlines.

Passenger revenue, which covers base fares, was significant, accounting for 88.2% of the total operating revenue in the first quarter of 2025. To be clear, Allegiant Travel Company positions its base airfares as less than half the cost of the average domestic roundtrip ticket, relying on other streams to build profitability.

The ancillary revenue stream is a key differentiator. That record $79.28 per passenger in Q1 2025 was driven by the expansion of products like Allegiant Extra and the reintroduction of a third ancillary bundle offering.

Here's a look at how the fixed fee contract revenue stacked up against other revenue categories for the first half of 2025:

Revenue Category (in millions USD)	Q1 2025	Q2 2025
Passenger Revenue	$616.750	Data not isolated from total operating revenue in the same format as other lines for Q2 2025.
Fixed Fee Contracts	$16.252	$17.019
Third Party Products	$35.203	Data not isolated from total operating revenue in the same format as other lines for Q2 2025.
Resort and Other	$30.869	Data not isolated from total operating revenue in the same format as other lines for Q2 2025.

For the nine months ended September 30, 2025, the total fixed fee contracts revenue reached $52.123 million. This figure represented an 8.7% decrease compared to the same nine-month period in 2024, which was attributed to less aircraft time dedicated to sports flying during March Madness and a return to normal levels for Department of Defense flying.

The cobrand credit card remuneration is a steady source of cash flow. The $33.3 million received in the second quarter of 2025 contributed to a year-to-date total of $103.4 million through the third quarter.

• The Q1 2025 remuneration was $36.1 million.
• The Q2 2025 remuneration was $33.3 million.
• The Q3 2025 remuneration was $34.0 million.

So, you see the revenue streams are quite diversified beyond just selling seats.