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ALLEGIANT TRAVEL COMPANY FIRST QUARTER 2024 FINANCIAL RESULTS
First quarter 2024 GAAP diluted loss per share of $(0.07) First quarter 2024 diluted earnings per share, excluding special charges of $0.57(1)(4)(5) First
About this update from Allegiant Travel Company
[{"type":"text","content":"First quarter 2024 GAAP diluted loss per share of $(0.07)\nFirst quarter 2024 diluted earnings per share, excluding special charges of $0.57(1)(4)(5)\nFirst quarter 2024 airline only diluted earnings per share, excluding special charges of $1.08(1)(4)(6)\nLAS VEGAS, May 7, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the first quarter 2024, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended March 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 656.4\n$ 649.7\n1.0 %\nTotal operating expense\n641.0\n554.9\n15.5 %\nOperating income\n15.4\n94.8\n(83.8) %\nIncome (loss) before income taxes\n(1.3)\n74.4\nNM\nNet income (loss)\n(0.9)\n56.1\nNM\nDiluted earnings (loss) per share\n(0.07)\n3.09\nNM\nSunseeker special charges, net of recoveries (4)\n(1.8)\n(1.6)\nNM\nAirline special charges (4)\n14.9\n—\nNM\nNet income, excluding special charges net of recoveries(1)(3)(5)\n10.4\n55.3\n(81.2) %\nDiluted earnings per share excluding special charges net of recoveries(1)(3)(5)\n0.57\n3.04\n(81.3) %\nAirline only\nThree Months Ended March 31,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nAirline operating revenue\n$ 632.5\n$ 649.7\n(2.6) %\nAirline operating expense\n608.3\n552.1\n10.2 %\nAirline operating income\n24.2\n97.6\n(75.2) %\nAirline income before income taxes\n12.5\n78.9\n(84.2) %\nAirline net income (1)(3)\n11.4\n59.9\n(81.0) %\nAirline special charges (4)\n14.9\n—\nNM\nAirline net income, excluding special charges (1)(3)(6)\n19.8\n59.9\n(66.9) %\nAirline operating margin, excluding special charges (1)(6)\n6.2 %\n15.0 %\n(8.8)\nAirline diluted earnings per share, excluding special charges (1)(3)(6)\n1.08\n3.30\n(67.3) %\n \n(1)\nDenotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information and for calculation of per share figures.\n(2)\nExcept Airline operating margin, excluding special charges, which is percentage point change.\n(3)\nRefer to the Non-GAAP Presentation section within this document for the income tax effect of non-GAAP adjustments.\n(4)\nIn 2024 and 2023, we recognized as special charges the full amount of estimated property da...