Citi Research June 26,2026 Group Higher Before Lower; Upgrading ALGT to Buy/High Risk 2Q26 Quarterly Preview John Godyn AC Managing Director US Airlines, Aerospace & Defense Equity research, North America john.godyn@citi.com +1-212-816-8014 Max Lesnik Officer US Airlines, Aerospace & Defense Equity research, North America max.lesnik@citi.com +1-212-816-2382 See Appendix A-1 for Analyst Certification, Important Disclosures and Research Analyst Affiliations 2Q26 Preview: Higher Before Lower; Upgrading ALGT to ...