Allegiant travel company second quarter 2024 financial results

Second quarter 2024 gaap diluted earnings per share of $0.75 second quarter  2024 diluted earnings per share, excluding special charges, of $1.77 (1)(3) second quarter  2024 airline only diluted earnings per share, excluding special charges, of $2.24 (1)(3) announced strategic review of sunseeker resort las vegas , july 31, 2024 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the second quarter 2024, as well as comparisons to the prior year: consolidated three months ended june 30, percent change (unaudited) (in millions, except per share amounts) 2024 2023 yoy total operating revenue $                   666.3 $                   683.8 (2.6) % total operating expense 631.4 550.4 14.7 % operating income 34.9 133.4 (73.8) % income before income taxes 18.0 116.3 (84.5) % net income 13.7 88.5 (84.5) % diluted earnings per share 0.75 4.80 (84.4) % sunseeker special charges, net of recoveries (3) (2.0) (11.2) 82.1 % airline special charges (3) 20.1 — nm net income, excluding special charges net of recoveries (1)(3) 32.5 80.2 (59.5) % diluted earnings per share excluding special charges net of recoveries (1)(3) 1.77 4.35 (59.3) % airline only three months ended june 30, percent change (2) (unaudited) (in millions, except per share amounts) 2024 2023 yoy airline operating revenue $               649.5 $               683.8 (5.0) % airline operating expense 602.5 556.3 8.3 % airline operating income 47.0 127.5 (63.1) % airline income before income taxes 35.5 110.4 (67.8) % airline special charges (3) 20.1 — nm airline net income, excluding special charges (1)(3) 41.0 84.2 (51.3) % airline operating margin, excluding special charges (1)(3) 10.3 % 18.6 % (8.3) airline diluted earnings per share, excluding special charges (1)(3) 2.24 4.57 (51.0) % consolidated six months ended june 30, percent change (unaudited) (in millions, except per share amounts) 2024 2023 yoy total operating revenue $                1,322.7 $                1,333.5 (0.8) % total operating expense 1,272.3 1,105.2 15.1 % operating income 50.3 228.3 (78.0) % income before income taxes 16.7 190.8 (91.2) % net income 12.8 144.6 (91.1) % diluted earnings per share 0.68 7.84 (91.3) % sunseeker special charges, net of recoveries (3) (3.8) (12.8) 70.3 % airline special charges (3) 35.0 — nm net income, excluding special charges net of recoveries (1)(3) 42.9 135.6 (68.4) % diluted earnings per share excluding special charges net of recoveries (1)(3) 2.34 7.35 (68.2) % airline only six months ended june 30, percent change(2) (unaudited) (in millions, except per share amounts) 2024 2023 yoy airline operating revenue $            1,282.0 $            1,333.5 (3.9) % airline operating expense 1,210.8 1,108.4 9.2 % airline operating income 71.2 225.1 (68.4) % airline income before income taxes 48.0 189.2 (74.6) % airline special charges (3) 35.0 — nm airline net income, excluding special charges (1)(3) 60.8 144.2 (57.8) % airline operating margin, excluding special charges (1)(3) 8.3 % 16.9 % (8.6) airline diluted earnings per share, excluding special charges (1)(3) 3.31 7.81 (57.6) % (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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