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ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2023 FINANCIAL RESULTS
Third quarter 2023 GAAP diluted loss per share of $(1.44) Third quarter 2023 diluted earnings per share, excluding special charges of $0.09(1)(4)(5) Third
About this update from Allegiant Travel Company
[{"type":"text","content":"Third quarter 2023 GAAP diluted loss per share of $(1.44)\nThird quarter 2023 diluted earnings per share, excluding special charges of $0.09(1)(4)(5)\nThird quarter 2023 airline only diluted earnings per share, excluding special charges of $0.31(1)(6)\nSunseeker Resort to open December 15, 2023\nLAS VEGAS, Nov. 2, 2023 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2023, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nTotal operating revenue\n$ 565.4\n$ 560.3\n0.9 %\nTotal operating expense\n583.2\n591.2\n(1.4) %\nOperating loss\n(17.9)\n(30.9)\n42.1 %\nLoss before income taxes\n(29.9)\n(56.2)\n46.7 %\nNet loss\n(25.1)\n(46.5)\n46.0 %\nDiluted loss per share\n(1.44)\n(2.58)\n44.2 %\nSunseeker special charges, net of recoveries (4)\n17.4\n35.0\n(50.3) %\nAirline special charges (4)\n15.2\n0.1\nNM\nDiluted earnings (loss) per share excluding special charges net of recoveries(1)(5)\n0.09\n(0.96)\n109.4 %\n \nAirline only\nThree Months Ended September 30,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nAirline operating revenue\n$ 565.4\n$ 560.3\n0.9 %\nAirline operating expense (1)\n559.5\n553.5\n1.1 %\nAirline operating income\n5.8\n6.8\n(14.7) %\nAirline loss before income taxes (1)\n(7.4)\n(17.3)\n57.2 %\nAirline net loss (1)\n(5.6)\n(15.2)\n63.2 %\nAirline special charges (4)\n15.2\n0.1\nNM\nAirline net income (loss), excluding special charges (1)(3)(6)\n5.9\n(15.1)\nNM\nAirline operating margin, excluding special charges (1)(6)\n3.7 %\n1.2 %\n2.5\nAirline diluted earnings (loss) per share, excluding special charges (1)(6)\n0.31\n(0.84)\n136.9 %\n \nConsolidated\nNine Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2023\n2022\nYoY\nTotal operating revenue\n$ 1,898.9\n$ 1,690.3\n12.3 %\nTotal operating expense\n1,688.5\n1,687.8\n— %\nOperating income\n210.4\n2.4\nNM\nIncome (loss) before income taxes\n160.8\n(60.9)\n364.0 %\nNet income (loss)\n119.6\n(50.0)\n339.2 %\nDiluted earnings (loss) per share\n6.43\n(2.78)\n331.3 %\nSunseeker special charges, net of recoveries (4)\n4.6\n35.0\nNM\nAirline special charges ...