Business
Allegiant Travel Company Fourth Quarter And Full Year 2020 Financial Results
Fourth quarter 2020 GAAP loss per share of $(1.79) Fourth quarter 2020 adjusted loss share of $(1.12)(1) (2) Full year 2020 GAAP loss per share of $(11.53)
About this update from Allegiant Travel Company
[{"type":"text","content":"Fourth quarter 2020 GAAP loss per share of $(1.79)\n Fourth quarter 2020 adjusted loss share of $(1.12)(1) (2)\n Full year 2020 GAAP loss per share of $(11.53)\n Full year 2020 adjusted loss per share of $(9.33)(1) (2)\n\n\nLAS VEGAS, Feb. 3, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full year 2020, as well as comparisons to the prior year: \n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended December 31,\nPercent Change\nTwelve Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2020\n2019\n2020\n2019\nTotal operating revenue\n$\n246.6\n$\n461.1\n(46.5)\n$\n990.1\n$\n1,841.0\n(46.2)\nOperating income (loss)\n(23.6)\n92.7\n(125.5)\n(281.0)\n364.0\n(177.2)\nIncome (loss) before income taxes\n(39.2)\n78.6\n(149.9)\n(361.1)\n301.2\n(219.9)\nNet income (loss)\n(28.8)\n60.5\n(147.6)\n(184.1)\n232.1\n(179.3)\nDiluted earnings (loss) per share\n$\n(1.79)\n$\n3.72\n(148.1)\n$\n(11.53)\n$\n14.26\n(180.9)\n \nConsolidated - adjusted\nThree Months Ended December 31,\nPercent Change\nTwelve Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2020\n2019\n2020\n2019\nAdjusted operating income (loss) (1) (2)\n$\n(7.8)\n$\n92.7\n(108.4)\n$\n(140.1)\n$\n364.0\n(138.5)\nAdjusted income (loss) before income taxes(1) (2)\n(23.4)\n78.6\n(129.8)\n(193.6)\n301.2\n(164.3)\nAdjusted net income (loss)(1) (2)\n(18.0)\n60.5\n(129.8)\n(149.1)\n231.9\n(164.3)\nAdjusted diluted earnings (loss) per share (1) (2)\n$\n(1.12)\n$\n3.72\n(130.1)\n$\n(9.33)\n$\n14.42\n(164.7)\n(1)\nAdjusted numbers exclude COVID related special charges, the benefit from the CARES Act payroll support program (as applicable), the benefit from the Employee Retention Credit (as applicable) and the portion of the tax benefit attributable to the CARES Act (as applicable).\n(2)\nDenotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information.\n\"With the close of the fourth quarter, we completed the most challenging year the industry has faced in its history,\" stated Maurice J. Gallagher, Jr., chairman and CEO of Allegiant Travel Company. \"We still have a long road ahead to a full recovery, but we are gaining momentum and moving in the right ...