Allegiant travel company first quarter 2024 financial results

First quarter  2024 gaap diluted loss per share of $(0.07) first quarter  2024 diluted earnings per share, excluding special charges of $0.57 (1)(4)(5) first quarter  2024 airline only diluted earnings per share, excluding special charges of $1.08 (1)(4)(6) las vegas , may 7, 2024 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the first quarter 2024, as well as comparisons to the prior year: consolidated three months ended march 31, percent change (unaudited) (in millions, except per share amounts) 2024 2023 yoy total operating revenue $                   656.4 $                   649.7 1.0 % total operating expense 641.0 554.9 15.5 % operating income 15.4 94.8 (83.8) % income (loss) before income taxes (1.3) 74.4 nm net income (loss) (0.9) 56.1 nm diluted earnings (loss) per share (0.07) 3.09 nm sunseeker special charges, net of recoveries (4) (1.8) (1.6) nm airline special charges (4) 14.9 — nm net income, excluding special charges net of recoveries (1)(3)(5) 10.4 55.3 (81.2) % diluted earnings per share excluding special charges net of recoveries (1)(3)(5) 0.57 3.04 (81.3) % airline only three months ended march 31, percent change (2) (unaudited) (in millions, except per share amounts) 2024 2023 yoy airline operating revenue $                632.5 $                649.7 (2.6) % airline operating expense 608.3 552.1 10.2 % airline operating income 24.2 97.6 (75.2) % airline income before income taxes 12.5 78.9 (84.2) % airline net income (1)(3) 11.4 59.9 (81.0) % airline special charges (4) 14.9 — nm airline net income, excluding special charges (1)(3)(6) 19.8 59.9 (66.9) % airline operating margin, excluding special charges (1)(6) 6.2 % 15.0 % (8.8) airline diluted earnings per share, excluding special charges (1)(3)(6) 1.08 3.30 (67.3) %   (1) denotes a non-gaap financial measure. refer to the non-gaap presentation section within this document for further information and for calculation of per share figures.
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