Business
ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2021 FINANCIAL RESULTS
Fourth quarter 2021 GAAP diluted earnings per share of $0.59 Fourth quarter 2021 adjusted diluted earnings per share (1) (2) of $1.18 Full Year 2021 GAAP
About this update from Allegiant Travel Company
[{"type":"text","content":"Fourth quarter 2021 GAAP diluted earnings per share of $0.59\n Fourth quarter 2021 adjusted diluted earnings per share (1) (2) of $1.18\n Full Year 2021 GAAP diluted earnings per share of $8.68\n Full Year 2021 adjusted diluted earnings per share (1) (2) of $2.04(1)(2)\n\n\nLAS VEGAS, Feb. 2, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full year 2021, as well as comparisons to prior years:\n\n \n \n \n \n \n \n\n \n \nConsolidated\nThree Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nTotal operating revenue\n$ 496.9\n$ 246.6\n$ 461.1\n101.5 %\n7.8 %\nTotal operating expense\n463.6\n270.2\n368.4\n71.6\n25.8\nOperating income (loss)\n33.3\n(23.6)\n92.7\n241.0\n(64.0)\nIncome (loss) before income taxes\n15.1\n(39.2)\n78.6\n138.6\n(80.7)\nNet income (loss)\n10.7\n(28.8)\n60.5\n137.1\n(82.3)\nDiluted earnings (loss) per share\n$ 0.59\n$ (1.79)\n$ 3.72\n133.0\n(84.1)\n \nTwelve Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nTotal operating revenue\n$ 1,707.9\n$ 990.1\n$ 1,841.0\n72.5 %\n(7.2) %\nTotal operating expense\n1,444.8\n1,271.1\n1,477.0\n13.7\n(2.2)\nOperating income (loss)\n263.1\n(281.0)\n364.0\n193.6\n(27.7)\nIncome (loss) before income taxes\n196.6\n(361.1)\n301.2\n154.5\n(34.7)\nNet income (loss)\n151.9\n(184.1)\n232.1\n182.5\n(34.6)\nDiluted earnings (loss) per share\n$ 8.68\n$ (11.53)\n$ 14.26\n175.3\n(39.1)\n \nConsolidated - adjusted\nThree Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nAdjusted operating expense (1) (2)\n$ 451.2\n$ 254.4\n$ 368.4\n77.4 %\n22.5 %\nAdjusted operating income (loss) (1) (2)\n45.7\n(7.8)\n92.7\n685.9\n(50.7)\nAdjusted income (loss) before income taxes (1) (2)\n27.5\n(23.4)\n78.6\n217.5\n(65.0)\nAdjusted net income (loss) (1) (2)\n21.3\n(18.0)\n60.5\n218.3\n(64.8)\nAdjusted diluted earnings (loss) per share (1) (2)\n$ 1.18\n$ (1.12)\n$ 3.72\n205.4\n(68.3)\n \n\nTwelve Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nAdjusted operating expense (1) (2)\n$ 1,595.7\n$ 1,130.2\n$ 1,477.0\n41.2 %\n8.0...