Karmactive Staff
Allegiant Air Exercises Six Boeing 737 MAX Options for 2028 Delivery
Allegiant Air has locked in six more Boeing 737-8 aircraft for 2028 delivery, confirming its fleet overhaul is on track. The move binds the carrier’s executive team to the build-out through new multi-year employment agreements. For leisure travelers on Allegiant routes and investors in NASDAQ: ALGT, the SEC disclosure confirms fleet predictability through the end of the decade.
Allegiant Travel Company filed a Form 8-K with the SEC on 23 October 2026, disclosing that the airline exercised its first six options under a 2021 purchase agreement with Boeing for 737-8 aircraft, scheduled for 2028 delivery. The six aircraft carry a combined list price of over $720 million. Allegiant’s total firm order now stands at 56 aircraft, with 22 already delivered as of 23 October 2026, leaving 34 undelivered firm aircraft including the newly exercised six. A further 74 options remain available under the existing agreement.
Allegiant travelers can expect Boeing 737-8 aircraft on high-density leisure routes by 2028, replacing older, fuel-inefficient jets. For investors in ALGT stock, the options exercise confirms capital expenditure is proceeding as filed, backed by new executive contracts that align management incentives directly with the delivery timeline.
The same 8-K filing disclosed multi-year executive employment agreements running through 2029: CEO Gregory Anderson ($750k base), President and CFO Robert Neal ($525k base), CCO Drew Wells ($475k base), and COO Tyler Hollingsworth ($475k base). The CEO’s target cash bonus is 180% of base salary, with performance targets linked to operational milestones through the delivery window — an explicit alignment between leadership retention and fleet execution.
How many Boeing 737 MAX planes did Allegiant order?
Allegiant has 56 firm Boeing 737 MAX aircraft on order, having exercised six options for 737-8 models for 2028 delivery. Of those, 22 have been delivered, leaving 34 undelivered firm aircraft including the newly exercised six. A further 74 optional slots remain under the existing 2021 Boeing purchase agreement.
74 options remain available for Allegiant to exercise under the 2021 agreement. Future decisions will be disclosed through SEC filings. The 22 aircraft already delivered are in revenue service on Allegiant’s leisure route network.
