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ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2024 FINANCIAL RESULTS
Second quarter 2024 GAAP diluted earnings per share of $0.75Second quarter 2024 diluted earnings per share, excluding special charges, of $1.77(1)(3)Second
About this update from Allegiant Travel Company
[{"type":"text","content":"Second quarter 2024 GAAP diluted earnings per share of $0.75Second quarter 2024 diluted earnings per share, excluding special charges, of $1.77(1)(3)Second quarter 2024 airline only diluted earnings per share, excluding special charges, of $2.24(1)(3)\nANNOUNCED STRATEGIC REVIEW OF SUNSEEKER RESORT\nLAS VEGAS, July 31, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2024, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 666.3\n$ 683.8\n(2.6) %\nTotal operating expense\n631.4\n550.4\n14.7 %\nOperating income\n34.9\n133.4\n(73.8) %\nIncome before income taxes\n18.0\n116.3\n(84.5) %\nNet income\n13.7\n88.5\n(84.5) %\nDiluted earnings per share\n0.75\n4.80\n(84.4) %\nSunseeker special charges, net of recoveries(3)\n(2.0)\n(11.2)\n82.1 %\nAirline special charges(3)\n20.1\n—\nNM\nNet income, excluding special charges net of recoveries(1)(3)\n32.5\n80.2\n(59.5) %\nDiluted earnings per share excluding special charges net of recoveries(1)(3)\n1.77\n4.35\n(59.3) %\nAirline only\nThree Months Ended June 30,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nAirline operating revenue\n$ 649.5\n$ 683.8\n(5.0) %\nAirline operating expense\n602.5\n556.3\n8.3 %\nAirline operating income\n47.0\n127.5\n(63.1) %\nAirline income before income taxes\n35.5\n110.4\n(67.8) %\nAirline special charges(3)\n20.1\n—\nNM\nAirline net income, excluding special charges(1)(3)\n41.0\n84.2\n(51.3) %\nAirline operating margin, excluding special charges(1)(3)\n10.3 %\n18.6 %\n(8.3)\nAirline diluted earnings per share, excluding special charges(1)(3)\n2.24\n4.57\n(51.0) %\nConsolidated\nSix Months Ended June 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 1,322.7\n$ 1,333.5\n(0.8) %\nTotal operating expense\n1,272.3\n1,105.2\n15.1 %\nOperating income\n50.3\n228.3\n(78.0) %\nIncome before income taxes\n16.7\n190.8\n(91.2) %\nNet income\n12.8\n144.6\n(91.1) %\nDiluted earnings per share\n0.68\n7.84\n(91.3) %\nSunseeker special charges, net of recoveries(3)\n(3.8)\n(12.8)\n70.3 %\nAirline special charges(3)\n...