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ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2023 FINANCIAL RESULTS
Fourth quarter 2023 GAAP diluted loss per share of $(0.13)Fourth quarter 2023 diluted earnings per share, excluding special charges of $0.11(1)(6)(7)Fourth
About this update from Allegiant Travel Company
[{"type":"text","content":"Fourth quarter 2023 GAAP diluted loss per share of $(0.13)Fourth quarter 2023 diluted earnings per share, excluding special charges of $0.11(1)(6)(7)Fourth quarter 2023 airline only diluted earnings per share, excluding special charges of $0.86(1)(8)\nFull-year 2023 GAAP diluted earnings per share of $6.29Full-year 2023 diluted earnings per share, excluding special charges of $7.31(1)(6)(7)Full-year 2023 airline only diluted earnings per share, excluding special charges of $8.82(1)(8)\nSunseeker Resort officially opened December 15, 2023\nLAS VEGAS, Feb. 5, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the fourth quarter and full-year 2023, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nTotal operating revenue\n$ 611.0\n$ 611.5\n(0.1) %\nTotal operating expense\n600.4\n522.4\n14.9 %\nOperating income\n10.6\n89.2\n(88.1) %\nIncome (loss) before income taxes\n(1.8)\n65.9\nNM\nNet income (loss)\n(2.0)\n52.5\nNM\nDiluted earnings (loss) per share\n(0.13)\n2.87\nNM\nSunseeker special charges, net of recoveries (6)\n(11.0)\n(1.0)\nNM\nAirline special charges (6)\n19.9\n0.1\nNM\nNet income, excluding special charges net of recoveries(1)(5)(7)\n2.4\n54.1\n(95.6) %\nDiluted earnings per share excluding special charges net of recoveries(1)(5)(7)\n0.11\n2.95\n(96.3) %\n \nAirline only\nThree Months Ended December 31,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nAirline operating revenue\n$ 608.1\n$ 611.5\n(0.6) %\nAirline operating expense (1)\n587.5\n519.5\n13.1 %\nAirline operating income\n20.6\n92.1\n(77.6) %\nAirline income before income taxes (1)\n6.2\n70.5\n(91.2) %\nAirline net income (1)(4)\n3.2\n55.6\n(94.2) %\nAirline special charges (6)\n19.9\n0.1\nNM\nAirline net income, excluding special charges (1)(3)(8)\n15.9\n55.6\n(71.4) %\nAirline operating margin, excluding special charges (1)(8)\n6.6 %\n15.1 %\n(8.5)\nAirline diluted earnings per share, excluding special charges (1)(3)(8)\n0.86\n3.04\n(71.7) %\n \nConsolidated\nTwelve Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nTotal operating revenue\n$ 2,50...