Business
Allegiant Travel Company Third Quarter 2021 Financial Results
Third quarter 2021 GAAP diluted earnings per share of $2.18 Third quarter 2021 consolidated diluted earnings per share, excluding COVID related special
About this update from Allegiant Travel Company
[{"type":"text","content":"Third quarter 2021 GAAP diluted earnings per share of $2.18\n Third quarter 2021 consolidated diluted earnings per share, excluding COVID related special charges and net benefit from the payroll support programs of $0.66(1)(2)\n\n\nLAS VEGAS, Oct. 27, 2021 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2021, as well as comparisons to the prior years:\nConsolidated\nThree Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nTotal operating revenue\n$\n459.5\n$\n201.0\n$\n436.5\n128.6\n%\n5.3\n%\nTotal operating expense\n393.2\n234.1\n364.4\n68.0\n7.9\nOperating income (loss)\n66.3\n(33.1)\n72.1\n300.4\n(8.1)\nIncome (loss) before income taxes\n50.2\n(44.7)\n56.9\n212.4\n(11.7)\nNet income (loss)\n39.3\n(29.1)\n43.9\n234.7\n(10.6)\nDiluted earnings (loss) per share\n$\n2.18\n$\n(1.82)\n$\n2.70\n219.8\n(19.3)\n \nNine Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nTotal operating revenue\n$\n1,211.0\n$\n743.5\n$\n1,379.9\n62.9\n%\n(12.2)\n%\nTotal operating expense\n981.3\n1,000.8\n1,108.6\n(2.0)\n(11.5)\nOperating income (loss)\n229.7\n(257.3)\n271.3\n189.3\n(15.3)\nIncome (loss) before income taxes\n181.5\n(321.9)\n222.6\n156.4\n(18.5)\nNet income (loss)\n141.2\n(155.3)\n171.6\n190.9\n(17.7)\nDiluted earnings (loss) per share\n$\n8.18\n$\n(9.75)\n$\n10.54\n183.9\n(22.4)\n \nConsolidated - adjusted\nThree Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nAdjusted operating expense (1) (2)\n$\n428.0\n$\n278.4\n$\n364.4\n53.7\n%\n17.5\n%\nAdjusted operating income (loss) (1) (2)\n31.5\n(77.4)\n72.1\n140.7\n(56.3)\nAdjusted income (loss) before income taxes (1) (2)\n15.4\n(89.0)\n56.9\n117.3\n(72.9)\nAdjusted net income (loss) (1) (2)\n11.9\n(68.5)\n43.9\n117.4\n(72.9)\nAdjusted diluted earnings (loss) per share (1) (2)\n$\n0.66\n$\n(4.28)\n$\n2.70\n115.4\n(75.6)\n \nNine Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2021\n2020\n2019\nYoY\nYo2Y\nAdjusted operating expense (1) (2)\n$\n1,144.7\n$\n872.3\n$\n1,108.6\n31.2\n%\n3.3\n%\nAdjusted operating income (loss) (1) (2)\n66.3\n(128....