Yet the airline generated a record $776.2 million in operating revenue — $107.4 million more than in the same period of 2025, an increase of 16%. The carrier's release of its Q2 2026 financial results showed that its airline operations also remained profitable on an adjusted basis. So while Allegiant was flying less, it was protecting the holidays, weekends and other periods when leisure passengers were most willing to travel and pay. Wells said yield — scheduled-service revenue divided by revenue passenger miles — rose by more than 40%, reflecting significantly stronger pricing across the capacity that Allegiant retained. Strategically, more revenue per passenger, compounded with more passengers per unit of capacity, means Allegiant generated more revenue overall.