By Dean Seal

Allegiant Travel recorded a wider loss in the third quarter, which is typically its weakest reporting period of the year, but said demand is picking up for the holiday season.

The low-cost airline posted a quarterly loss of $43.6 million, or $2.41 a share, compared with a loss of $36.8 million, or $2.05 a share, in the same quarter a year earlier.

Stripping out one-time items, the adjusted loss was $2.09 a share. Analysts surveyed by FactSet had been expecting an adjusted loss of $1.77 a share.

Revenue ticked down slightly to $561.9 million, below analyst projections for $575 million, according to FactSet.

The third quarter is Allegiant's seasonally weakest quarter of the year, Chief Executive Gregory Anderson said. Steady bookings led to a moderate operating loss, albeit one that hit the favorable end of company guidance, he said.

Booking for leisure travel has been gaining momentum heading into the current quarter, the CEO said.

The company raised its full-year adjusted earnings guidance to $3 a share from the $2.25 a share it projected back in August.

Shares dropped 5% to $55.10 after hours, extending losses after a 6.3% decline during the trading day.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

November 04, 2025 16:30 ET (21:30 GMT)

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