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ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2023 FINANCIAL RESULTS
Second quarter 2023 GAAP diluted earnings per share of $4.80Second quarter 2023 diluted earnings per share, excluding Sunseeker special charges of
About this update from Allegiant Travel Company
[{"type":"text","content":"Second quarter 2023 GAAP diluted earnings per share of $4.80Second quarter 2023 diluted earnings per share, excluding Sunseeker special charges of $4.35(1)(4)(5)Second quarter 2023 airline only diluted earnings per share of $4.57(1)\nDeclares an Annual Cash Dividend of $2.40 per Share\nLAS VEGAS, Aug. 2, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2023, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nTotal operating revenue\n$ 683.8\n$ 629.8\n8.6 %\nTotal operating expense\n550.4\n603.7\n(8.8) %\nOperating income\n133.4\n26.1\n411.1 %\nIncome before income taxes\n116.3\n5.8\nNM\nNet income\n88.5\n4.4\nNM\nDiluted earnings per share\n4.80\n0.24\nNM\nSunseeker special charges, net of recovery (5)\n(11.2)\n—\nNM\nDiluted earnings per share excluding recovery of Sunseeker special charges(1)(4)(5)\n4.35\n0.24\nNM\n \nAirline only\nThree Months Ended June 30,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nAirline operating revenue (1)\n$ 683.8\n$ 629.8\n8.6 %\nAirline operating expense (1)\n556.3\n602.0\n(7.6) %\nAirline operating income (1)\n127.5\n27.9\n357.0 %\nAirline income before income taxes (1)\n110.4\n10.4\n961.5 %\nAirline net income (1)(3)\n84.2\n7.7\n993.5 %\nAirline operating margin\n18.6 %\n4.4 %\n14.2 %\nAirline diluted earnings per share(1)\n4.57\n0.43\n962.8 %\n \nConsolidated\nSix Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nTotal operating revenue\n$ 1,333.5\n$ 1,130.0\n18.0 %\nTotal operating expense\n1,105.2\n1,096.6\n0.8\nOperating income\n228.3\n33.4\n583.5\nIncome (loss) before income taxes\n190.8\n(4.7)\nNM\nNet income (loss)\n144.6\n(3.5)\nNM\nDiluted earnings (loss) per share\n7.84\n(0.20)\nNM\nSunseeker special charges, net of recovery (5)\n(12.8)\n—\nNM\nDiluted earnings per share excluding recovery of Sunseeker special charges(1)(4)(5)\n7.35\n(0.20)\nNM\n \nAirline only\nSix Months Ended June 30,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nAirline operating revenue (1)\n$ 1,333.5\n$ 1,130.0\n18.0 %\nAirline operating expens...