Allegiant Travel Company (ALGT): Modelo de Negócios Canvas [Jan-2025 Atualizado]

Mergulhe no projeto estratégico da Allegiant Travel Company, um máverick no setor de companhias aéreas orçamentárias que revolucionou as viagens de lazer, visando mercados carentes com um modelo de negócios inovador. Ao combinar magistralmente viagens aéreas acessíveis, rotas diretas para destinos de gemas ocultas e pacotes de férias abrangentes, a Allegiant criou um nicho único que atrai viajantes preocupados com o orçamento que buscam valor máximo sem comprometer a experiência. Seu modelo de negócios Canvas revela uma abordagem meticulosamente criada que transforma a economia tradicional de companhias aéreas em uma estratégia enxuta e centrada no cliente que impulsionou o notável crescimento e diferenciação de mercado da empresa.

Allegiant Travel Company (ALGT) - Modelo de negócios: Parcerias -chave

Fabricantes de aeronaves

A Allegiant opera principalmente uma frota de aeronaves da Airbus com os seguintes detalhes específicos:

Tipo de aeronave	Número de aeronaves	Ano de aquisição
Airbus A320	93	2013-2022
Airbus A321	37	2018-2023

Autoridades aeroportuárias e serviços de manuseio de terra

A Allegiant opera em 120 aeroportos nos Estados Unidos, com parcerias importantes, incluindo:

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

Parceiros de hotel e resort

As parcerias de férias da Allegiant incluem:

Categoria de parceiro	Número de parceiros	Receita anual de pacotes
Correntes de hotéis	87	US $ 214 milhões
Redes de resorts	42	US $ 96 milhões

Cartões de crédito e parceiros do programa de fidelidade

Detalhes da parceria do cartão de crédito da Allegiant:

• Parceiro do Banco: Banco de Síncronia
• Tipo de cartão: Allegiant World MasterCard
• Titulares anuais de cartão: 125.000
• Receita do Programa de Fidelidade: US $ 47,3 milhões em 2023

Allegiant Travel Company (ALGT) - Modelo de negócios: Atividades -chave

Planejamento de rota de viagem de lazer de baixo custo

A partir do quarto trimestre de 2023, a Allegiant atende 129 destinos nos Estados Unidos. A empresa opera 127 rotas, com foco na conexão de mercados secundários a destinos de lazer.

Métrica de rota	2023 dados
Destinos totais	129
Rotas ativas	127
Foco principal no mercado	Viagens de lazer

Manutenção de aeronaves e gerenciamento de frota

A frota da Allegiant consiste em 133 aeronaves da Airbus em 31 de dezembro de 2023.

• Composição da frota: 93 A320 Aircraft
• Composição da frota: 40 a319 aeronaves
• Idade média da frota: 12,4 anos

Métrica de manutenção	2023 valor
Aeronaves totais	133
Gastos anuais de manutenção	US $ 87,3 milhões

Vendas diretas de ingressos através de plataformas online

Em 2023, a Allegiant gerou US $ 2,1 bilhões em receita de passageiros, com 84% das reservas concluídas por meio de canais digitais.

Canal de vendas	Percentagem
Reservas on -line	84%
Call center	12%
Agentes de viagens	4%

Desenvolvimento e marketing de pacotes de férias

O segmento de férias da Allegiant gerou US $ 367,2 milhões em receita para o ano fiscal de 2023.

• Pacotes de férias totais vendidos: 276.000
• Valor médio do pacote: US $ 1.330
• Destinos primários: Las Vegas, Orlando, Phoenix

Métrica do segmento de férias	2023 dados
Receita total	US $ 367,2 milhões
Gasto de marketing	US $ 42,5 milhões

Allegiant Travel Company (ALGT) - Modelo de negócios: Recursos -chave

Frota de aeronaves com eficiência de combustível

A partir do quarto trimestre de 2023, a Allegiant Air opera uma frota de 119 aeronaves, consistindo principalmente nos modelos Airbus A320 e A321. A idade média da frota é de aproximadamente 12,4 anos.

Tipo de aeronave	Número de aeronaves	Capacidade do passageiro
Airbus A320	86	180 passageiros
Airbus A321	33	220 passageiros

Locais estratégicos de hub do aeroporto

A Allegiant opera em 132 aeroportos nos Estados Unidos, com foco primário nos mercados secundários.

• Las Vegas, Nevada (sede e hub primário)
• Orlando, Flórida
• Phoenix, Arizona

Tecnologia de reserva e reserva proprietária

A Allegiant investiu US $ 34,7 milhões em tecnologia e infraestrutura digital em 2023.

Investimento em tecnologia	Quantia
Desenvolvimento da plataforma digital	US $ 21,3 milhões
Atualizações do sistema de reserva	US $ 13,4 milhões

Forte reconhecimento de marca no mercado de viagens orçamentárias

O valor da marca da Allegiant estimado em US $ 425 milhões em 2023, com 5,2 milhões de viajantes de lazer ativos.

• Participação de mercado no segmento de companhias aéreas orçamentárias: 3,7%
• Programa de fidelidade do cliente: 2,1 milhões de membros
• Receita anual: US $ 2,24 bilhões (2023)

Allegiant Travel Company (ALGT) - Modelo de negócios: proposições de valor

Viagens aéreas acessíveis para destinos de lazer

A partir do quarto trimestre de 2023, a tarifa média de ida da Allegiant era de US $ 53, significativamente menor do que os concorrentes do setor. A empresa atendeu a 134 rotas em 50 destinos, direcionando principalmente os viajantes de lazer que buscam opções de viagem econômicas.

Métrica	Valor
Tarifa de mão única	$53
Rotas totais	134
Destinos totais	50

Voos diretos para mercados carentes

A Allegiant se concentra em conectar cidades secundárias com destinos populares de lazer, reduzindo a complexidade de viagens para os passageiros.

• 70% das rotas conectam áreas metropolitanas menores
• Foco primário em mercados com serviço de companhia aérea comercial limitada
• Opera em 29 estados nos Estados Unidos

Pacotes de viagem em pacote com acomodações

Em 2023, a Allegiant Vacations gerou US $ 186,7 milhões em receita, representando 8,2% da receita total da empresa.

Componente do pacote	Preços típicos
Pacote de vôo + hotel	A partir de US $ 199
Voo + aluguel de carros	A partir de US $ 159
Pacote de viagem completo	A partir de US $ 299

Opções flexíveis de preços e serviços auxiliares

A receita auxiliar por passageiro atingiu US $ 33,14 em 2023, demonstrando a eficácia do modelo de serviço à la carte da Allegiant.

• Taxas de bagagem: US $ 20- $ 50 por bolsa
• Taxas de seleção de assentos: $ 10- $ 25
• Embarque prioritário: US $ 7- $ 15
• Seguro de viagem: US $ 29- $ 59

Fluxo de receita auxiliar	2023 Receita
Taxas de bagagem	US $ 127,3 milhões
Seleção de assentos	US $ 84,6 milhões
Extras de viagem	US $ 53,2 milhões

Allegiant Travel Company (ALGT) - Modelo de Negócios: Relacionamentos do Cliente

Plataformas de reserva digital de autoatendimento

A Allegiant Travel Company oferece reservas on -line através de seu site Allegiant.com e aplicativo móvel. A partir do quarto trimestre 2023, a plataforma digital processou aproximadamente 68% do total de reservas.

Plataforma digital	Porcentagem de reserva	Valor médio da transação
Site	52%	$237
Aplicativo móvel	16%	$212

Programa de fidelidade (sempre recompensas)

O programa de fidelidade da Allegiant apresenta as seguintes métricas a partir de 2024:

• Associação total: 3,2 milhões de membros ativos
• Pontos médios Taxa de resgate: 42%
• Repetir a taxa do cliente por meio do programa de fidelidade: 27%

Marketing por e -mail personalizado

A estratégia de marketing por email da Allegiant gera um engajamento significativo:

Métrica de campanha por e -mail	Valor
Destinatários mensais de e -mail	1,8 milhão
Taxa aberta	22.4%
Taxa de cliques	7.6%

Suporte ao cliente através de vários canais

Os canais de suporte ao cliente e as métricas de desempenho incluem:

• Suporte telefônico: Tempo médio de espera 7,2 minutos
• Chat ao vivo: tempo de resposta abaixo de 3 minutos
• Taxa de resposta de mídia social: 94% em 4 horas

Canal de suporte	Volume mensal	Classificação de satisfação do cliente
Suporte telefônico	126.000 ligações	86%
Bate -papo ao vivo	45.000 interações	91%
Suporte por e -mail	38.000 ingressos	83%

Allegiant Travel Company (ALGT) - Modelo de Negócios: Canais

Site da empresa

Allegiant.com serve como um canal de reserva direto primário, processando aproximadamente 85% das vendas de ingressos diretos da empresa. O site lida com uma média de 2,3 milhões de visitantes únicos por mês a partir do quarto trimestre de 2023.

Métrica do site	Valor
Visitantes únicos mensais	2,3 milhões
Porcentagem de vendas de ingressos diretos	85%

Aplicativo móvel

O aplicativo móvel da Allegiant, disponível em plataformas iOS e Android, gera 22% das transações de reservas digitais. O aplicativo foi baixado 1,4 milhão de vezes em 2023.

Métrica de aplicativo móvel	Valor
Downloads de aplicativos em 2023	1,4 milhão
Transações de reserva digital	22%

Agências de viagens on -line

A Allegiant faz parceria com várias agências de viagens on -line, que contribuem com aproximadamente 7% do total de receitas de reservas.

• Expedia
• Orbitz
• Travelocity

Centers de chamadas de vendas diretas

A Allegiant opera 3 call centers dedicados que lidam com aproximadamente 15% das reservas de clientes. O volume anual de chamadas atinge 1,8 milhão de interações com os clientes.

Métrica de call center	Valor
Número de call centers	3
Volume anual de chamada	1,8 milhão
Porcentagem de reserva	15%

Contadores de ingressos para aeroporto

A Allegiant mantém balcões de ingressos em 121 aeroportos em sua rede, processando aproximadamente 5% do total de vendas de ingressos.

Contador de aeroportos	Valor
Número de locais do aeroporto	121
Porcentagem de vendas de ingressos	5%

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

Viajantes de lazer conscientes do orçamento

A Allegiant tem como alvo os viajantes que buscam opções de férias de baixo custo. A partir do quarto trimestre 2023, a empresa informou:

Métrica	Valor
Preço médio do ingresso	$79.12
Os viajantes de lazer serviram anualmente	14,2 milhões
Porcentagem de viajantes do orçamento	68%

Famílias que buscam opções de férias acessíveis

Allegiant se concentra no mercado de viagens em família com características específicas:

• Renda familiar mediana do segmento familiar -alvo: US $ 65.400
• Tamanho médio de grupo familiar: 3,4 passageiros
• Destinos de férias típicos: Las Vegas, Orlando, Phoenix

Viajantes em mercados menores e carentes

Detalhes de penetração no mercado para mercados secundários:

Tipo de mercado	Número de cidades servidas	Passageiros anuais
Mercados secundários	129	3,8 milhões
Mercados terciários	86	1,5 milhão

Viajantes espontâneos sensíveis ao preço

Características do segmento de viagem espontâneo:

• Janela de reserva: 0-14 dias antes da viagem
• Porcentagem de reservas espontâneas: 42%
• Idade espontânea do viajante médio: 32-45 anos

Allegiant Travel Company (ALGT) - Modelo de negócios: estrutura de custos

Despesas de arrendamento e manutenção de aeronaves

A partir de 2023, os relatórios financeiros, as despesas de arrendamento e manutenção de aeronaves da Allegiant eram de US $ 314,5 milhões. A empresa opera uma frota de 127 aeronaves da Airbus, principalmente os modelos A320 e A321.

Categoria de despesa	Valor (2023)
Custos de arrendamento de aeronaves	US $ 214,3 milhões
Despesas de manutenção	US $ 100,2 milhões

Custos de combustível

As despesas de combustível para a Allegiant em 2023 totalizaram US $ 370,6 milhões, representando uma parcela significativa dos custos operacionais.

• Preço médio de combustível por galão: US $ 2,85
• Consumo total de combustível: 130 milhões de galões
• Eficiência de combustível: 74 milhas de assento por galão

Salários e treinamento de funcionários

As despesas totais de pessoal para a Allegiant em 2023 foram de US $ 282,4 milhões.

Categoria de funcionários	Salário médio
Pilotos	$120,000
Comissários de bordo	$55,000
Funcionário do solo	$45,000

Despesas de marketing e distribuição

Os custos de marketing e distribuição da Allegiant em 2023 totalizaram US $ 98,7 milhões.

• Marketing Digital: US $ 42,3 milhões
• Publicidade tradicional: US $ 31,5 milhões
• Custos do canal de distribuição: US $ 24,9 milhões

Allegiant Travel Company (ALGT) - Modelo de negócios: fluxos de receita

Vendas de ingressos

Para o ano fiscal de 2023, a Allegiant Travel Company registrou receitas operacionais totais de US $ 2,46 bilhões. A receita de passageiros, que inclui principalmente a venda de ingressos, foi de US $ 1,97 bilhão.

Categoria de receita	Valor (2023)
Receita operacional total	US $ 2,46 bilhões
Receita de passageiros	US $ 1,97 bilhão

Taxas de serviço auxiliares

Allegiant gerado US $ 487 milhões em receitas sem bilhetes de serviços auxiliares em 2023.

• Taxas de reserva
• Alterar taxas
• Cobranças de conveniência

Receitas de pacote de férias

Pacotes de férias contribuíram aproximadamente US $ 214 milhões para a receita total da empresa em 2023.

Taxas de bagagem e seleção de assentos

Serviço	Cobrança média
Bagagem verificada	US $ 35 por bolsa
Seleção de assentos	$ 10- $ 25 por assento

Comissões de aluguel de hotéis e carros

As receitas da comissão de serviços relacionados a viagens foram aproximadamente US $ 58 milhões em 2023.

Fonte da comissão	Contribuição da receita
Reservas de hotéis	US $ 38 milhões
Comissões de aluguel de carros	US $ 20 milhões

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.