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ALLEGIANT TRAVEL COMPANY THIRD QUARTER 2024 FINANCIAL RESULTS
Third quarter 2024 GAAP diluted loss per share of $(2.05) Third quarter 2024 diluted loss per share, excluding special charges, of $(2.02)(1)(3) Third quarter
About this update from Allegiant Travel Company
[{"type":"text","content":"Third quarter 2024 GAAP diluted loss per share of $(2.05)\nThird quarter 2024 diluted loss per share, excluding special charges, of $(2.02)(1)(3)\nThird quarter 2024 airline only diluted loss per share, excluding special charges, of $(0.49)(1)(3)\nLAS VEGAS, Oct. 30, 2024 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2024, as well as comparisons to the prior year:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 562.2\n$ 565.4\n(0.6) %\nTotal operating expense\n588.5\n583.2\n0.9 %\nOperating loss\n(26.3)\n(17.9)\n46.9 %\nLoss before income taxes\n(43.4)\n(29.9)\n45.2 %\nNet loss\n(36.8)\n(25.1)\n46.6 %\nDiluted loss per share\n(2.05)\n(1.44)\n42.4 %\nSunseeker special charges, net of recoveries(3)\n1.1\n17.4\n(93.7) %\nAirline special charges(3)\n7.7\n15.2\n(49.3) %\nIncome before income taxes, excluding special charges net of recoveries(1)(3)\n(34.7)\n2.7\nNM\nNet income (loss), excluding special charges net of recoveries(1)(3)\n(36.1)\n2.0\nNM\nDiluted earnings (loss) per share excluding special charges net of recoveries(1)(3)\n(2.02)\n0.09\nNM\n \nAirline only\nThree Months Ended September 30,\nPercent Change(2)\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nAirline operating revenue\n$ 549.1\n$ 565.4\n(2.9) %\nAirline operating expense\n556.2\n559.5\n(0.6) %\nAirline operating income (loss)\n(7.0)\n5.8\nNM\nAirline loss before income taxes\n(18.6)\n(7.4)\nNM\nAirline special charges(3)\n7.7\n15.2\n(49.3) %\nAirline net income (loss), excluding special charges(1)(3)\n(8.8)\n5.9\nNM\nAirline operating margin, excluding special charges(1)(3)\n0.1 %\n3.7 %\n(3.6)\nAirline diluted earnings (loss) per share, excluding special charges(1)(3)\n(0.49)\n0.31\nNM\n \nConsolidated\nNine Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2024\n2023\nYoY\nTotal operating revenue\n$ 1,884.9\n$ 1,898.9\n(0.7) %\nTotal operating expense\n1,860.9\n1,688.5\n10.2 %\nOperating income\n24.0\n210.4\n(88.6) %\nIncome (loss) before income taxes\n(26.8)\n160.8\nNM\nNet income (loss)\n(24.0)\n119.6\nNM\nDiluted earnings (loss) per share\n(1.38)\n6.43\nNM\nSunseeker speci...