Allegiant Travel Company Second Quarter 2021 Financial Results

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[{"type":"text","content":"Second quarter 2021 GAAP fully diluted earnings per share of $5.49\n Second quarter 2021 consolidated fully diluted earnings per share, excluding COVID related special charges and net benefit from the payroll support programs of $3.46(1)(2)\n\n\nLAS VEGAS, July 28, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2021, as well as comparisons to the prior years:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nTotal operating revenue\n$\n472.4\n$\n133.3\n$\n491.8\n254.3\n(3.9)\nTotal operating expense\n333.6\n246.6\n383.7\n35.3\n(13.1)\nOperating income (loss)\n138.9\n(113.3)\n108.1\n222.6\n28.4\nIncome (loss) before income taxes\n122.6\n(146.4)\n91.8\n183.7\n33.5\nNet income (loss)\n95.0\n(93.1)\n70.5\n202.1\n34.7\nDiluted earnings (loss) per share\n$\n5.49\n$\n(5.85)\n$\n4.33\n193.8\n26.8\nSix Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nTotal operating revenue\n$\n751.6\n$\n542.5\n$\n943.4\n38.5\n(20.3)\nTotal operating expense\n588.1\n766.8\n744.2\n(23.3)\n(21.0)\nOperating income (loss)\n163.5\n(224.3)\n199.2\n172.9\n(17.9)\nIncome (loss) before income taxes\n131.2\n(277.1)\n165.7\n147.4\n(20.8)\nNet income (loss)\n101.9\n(126.1)\n127.7\n180.8\n(20.2)\nDiluted earnings (loss) per share\n$\n6.04\n$\n(7.93)\n$\n7.84\n176.2\n(23.0)\nConsolidated - adjusted\nThree Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nAdjusted operating expense (1) (2)\n$\n378.6\n$\n239.9\n$\n383.7\n57.8\n(1.3)\nAdjusted operating income (loss) (1) (2)\n93.9\n(106.6)\n108.1\n188.1\n(13.1)\nAdjusted income (loss) before income taxes (1) (2)\n77.6\n(119.9)\n91.8\n164.7\n(15.5)\nAdjusted net income (loss) (1) (2)\n60.0\n(94.7)\n70.5\n163.4\n(14.9)\nAdjusted diluted earnings (loss) per share (1) (2)\n$\n3.46\n$\n(5.96)\n$\n4.33\n158.1\n(20.1)\nSix Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nAdjusted operating expense (1) (2)\n$\n716.7\n$\n594.0\n$\n744.2\n20.7\n(3.7)\nAdjusted operating income (loss) (1) (2)\n34.9\n(51.5)\n199.2\n167.8\n(...

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