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Second quarter 2022 GAAP diluted earnings per share of $0.24
Second quarter 2022 diluted earnings per share, excluding recognition bonus(1) of $0.62(1)(2)
LAS VEGAS, August 3, 2022 /PRNewswire/ — Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the second quarter 2022, as well as comparisons to prior years:
|
Consolidated |
Three Months Ended June 30, |
Percent Change |
|||||||
|
(unaudited) (in millions, except per share amounts) |
2022 |
2021 |
2019 |
YoY |
Yo3Y |
||||
|
Total operating revenue |
$ 629.8 |
$ 472.4 |
$ 491.8 |
33.3 % |
28.1 % |
||||
|
Total operating expense |
603.7 |
333.6 |
383.7 |
81.0 |
57.4 |
||||
|
Operating income |
26.1 |
138.9 |
108.1 |
(81.2) |
(75.8) |
||||
|
Income before income taxes |
5.8 |
122.6 |
91.8 |
(95.2) |
(93.6) |
||||
|
Net income |
4.4 |
95.0 |
70.5 |
(95.4) |
(93.8) |
||||
|
Diluted earnings per share |
$ 0.24 |
$ 5.49 |
$ 4.33 |
(95.6) |
(94.5) |
||||
|
Six Months Ended June 30, |
Percent Change |
||||||||
|
(unaudited) (in millions, except per share amounts) |
2022 |
2021 |
2019 |
YoY |
Yo3Y |
||||
|
Total operating revenue |
$ 1,130.0 |
$ 751.6 |
$ 943.4 |
50.3 % |
19.8 % |
||||
|
Total operating expense |
1,096.6 |
588.1 |
744.2 |
86.5 |
47.4 |
||||
|
Operating income |
33.4 |
163.5 |
199.2 |
(79.6) |
(83.3) |
||||
|
Income (loss) before income taxes |
(4.7) |
131.2 |
165.7 |
(103.6) |
(102.9) |
||||
|
Net income (loss) |
(3.5) |
101.9 |
127.7 |
(103.5) |
(102.8) |
||||
|
Diluted earnings (loss) per share |
$ (0.20) |
$ 6.04 |
$ 7.84 |
(103.3) |
(102.6) |
||||
|
(1) |
Recognition bonus awarded despite not meeting internal profit-sharing targets |
|
(2) |
Denotes a non-GAAP financial measure. Refer to the Non-GAAP Presentation section within this document for further information |
“Demand surged in the second quarter resulting in the highest revenue-generating quarter in company history,” stated John Redmond, CEO of Allegiant Travel Company. “Total operating…
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