Business
ALLEGIANT TRAVEL COMPANY THIRD QUARTER FINANCIAL RESULTS
Third quarter 2022 GAAP diluted loss per share of $(2.58) Third quarter 2022 loss per share, excluding recognition bonus and Hurricane Ian special charge, of
About this update from Allegiant Travel Company
[{"type":"text","content":"Third quarter 2022 GAAP diluted loss per share of $(2.58)\nThird quarter 2022 loss per share, excluding recognition bonus and Hurricane Ian special charge, of $(0.54)(1)(2)(3)\nLAS VEGAS, Nov. 2, 2022 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the third quarter 2022, as well as comparisons to prior years:\n\n \n \n \n \n \n \n\n \nConsolidated\nThree Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2022\n2021\n2019\nYoY\nYo3Y\nTotal operating revenue\n$ 560.3\n$ 459.5\n$ 436.5\n22.0 %\n28.4 %\nTotal operating expense\n591.2\n393.2\n364.4\n50.4\n62.3\nOperating income (loss)\n(30.9)\n66.3\n72.1\n(146.6)\n(142.9)\nIncome (loss) before income taxes\n(56.2)\n50.2\n56.9\n(211.8)\n(198.7)\nNet income (loss)\n(46.5)\n39.3\n43.9\n(218.4)\n(205.8)\nDiluted earnings (loss) per share\n(2.58)\n2.18\n2.70\n(218.3)\n(195.6)\nHurricane Ian special charge\n35.0\n—\n—\nNM\nNM\nDiluted earnings (loss) per share excluding Hurricane Ian special charge (2) (3)\n$ (0.97)\n$ 2.18\n$ 2.70\n(144.5)\n(135.9)\n \nNine Months Ended September 30,\nPercent Change\n(unaudited) (in millions, except per share amounts)\n2022\n2021\n2019\nYoY\nYo3Y\nTotal operating revenue\n$ 1,690.3\n$ 1,211.0\n$ 1,379.9\n39.6 %\n22.5 %\nTotal operating expense\n1,687.8\n981.3\n1,108.6\n72.0\n52.2\nOperating income\n2.4\n229.7\n271.3\n(98.9)\n(99.1)\nIncome (loss) before income taxes\n(60.9)\n181.5\n222.6\n(133.6)\n(127.4)\nNet income (loss)\n(50.0)\n141.2\n171.6\n(135.4)\n(129.1)\nDiluted earnings (loss) per share\n(2.78)\n8.18\n10.54\n(134.0)\n(126.4)\nHurricane Ian special charge\n35.0\n—\n—\nNM\nNM\nDiluted earnings (loss) per share excluding Hurricane Ian special charge (2) (3)\n$ (1.18)\n$ 8.18\n$ 10.54\n(114.4)\n(111.2)\n(1)\nRecognition bonus awarded despite not meeting internal profit-sharing targets\n(2)\nDenotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information\n(3)\nAdjusted to exclude estimated loss from property damage to Sunseeker Resort related to Hurricane Ian. The amount of the loss will be offset in future periods by amounts to be recovered under the company's insurance policies\n\"I am proud of the team for the strong operational performance delivered in the third quarter,\" stated ...