Business
ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL-YEAR 2024 FINANCIAL RESULTS
Fourth quarter 2024 GAAP diluted loss per share of $(12.00) Fourth quarter 2024 adjusted airline-only diluted earnings per share of $3.00(1)(3)(4) Fourth
About this update from Allegiant Travel Company
[{"type":"text","content":"Fourth quarter 2024 GAAP diluted loss per share of $(12.00) Fourth quarter 2024 adjusted airline-only diluted earnings per share of $3.00(1)(3)(4) Fourth quarter 2024 adjusted diluted earnings per share of $2.10(1)(3)(4)\nFull-year 2024 GAAP diluted loss per share of $(13.49) Full-year 2024 adjusted airline-only diluted earnings per share of $5.84(1)(3)(4) Full-year 2024 adjusted diluted earnings per share of $2.48(1)(3)(4)\n*GAAP numbers include a one-time impairment charge in the estimated amount of $322M related to Sunseeker Resort*\nLAS VEGAS, Feb. 4, 2025 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for fourth quarter and full-year 2024, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 627.7\n$ 611.0\n2.7 %\nTotal operating expense\n891.7\n600.4\n48.5 %\nOperating income (loss)\n(264.0)\n10.6\nNM\nLoss before income taxes\n(281.7)\n(1.8)\nNM\nNet loss\n(216.2)\n(2.0)\nNM\nDiluted loss per share\n(12.00)\n(0.13)\nNM\nSunseeker special charges, net of recoveries(3)\n325.5\n(11.0)\nNM\nAirline special charges(3)\n2.7\n19.9\n(86.4) %\nAdjusted income before income taxes(1)(3)(4)\n47.6\n7.0\n580.0 %\nAdjusted net income(1)(3)(4)\n38.9\n2.4\n1,520.8 %\nAdjusted diluted earnings per share(1)(3)(4)\n2.10\n0.11\n1,809.1 %\nAirline only\nThree Months Ended December 31,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nAirline operating revenue\n$ 609.7\n$ 608.1\n0.3 %\nAirline operating expense\n531.7\n587.5\n(9.5) %\nAirline operating income\n78.1\n20.6\n279.1 %\nAirline income before income taxes\n64.9\n6.2\n946.8 %\nAirline special charges(3)\n2.7\n19.9\n(86.4) %\nAdjusted airline-only net income(1)(3)(4)\n55.6\n15.9\n249.7 %\nAdjusted airline-only operating margin(1)(3)(4)\n13.2 %\n6.6 %\n6.6\nAdjusted airline-only diluted earnings per share(1)(3)(4)\n3.00\n0.86\n248.8 %\nConsolidated\nTwelve Months Ended December 31,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 2,512.6\n$ 2,509.9\n0.1 %\nTotal operating expense\n2,752.6\n2,288.9\n20.3 %\nOperating income (loss)\n(240.0)\n221.0\nNM\nIncome ...