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  2024 airline only diluted loss per share, excluding special charges, of $(0.49) (1)(3) las 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: consolidated three months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2024 2023 yoy total operating revenue $                   562.2 $                   565.4 (0.6) % total operating expense 588.5 583.2 0.9 % operating loss (26.3) (17.9) 46.9 % loss before income taxes (43.4) (29.9) 45.2 % net loss (36.8) (25.1) 46.6 % diluted loss per share (2.05) (1.44) 42.4 % sunseeker special charges, net of recoveries (3) 1.1 17.4 (93.7) % airline special charges (3) 7.7 15.2 (49.3) % income before income taxes, excluding special charges net of recoveries (1)(3) (34.7) 2.7 nm net income (loss), excluding special charges net of recoveries (1)(3) (36.1) 2.0 nm diluted earnings (loss) per share excluding special charges net of recoveries (1)(3) (2.02) 0.09 nm   airline only three months ended september 30, percent change (2) (unaudited) (in millions, except per share amounts) 2024 2023 yoy airline operating revenue $                 549.1 $                 565.4 (2.9) % airline operating expense 556.2 559.5 (0.6) % airline operating income (loss) (7.0) 5.8 nm airline loss before income taxes (18.6) (7.4) nm airline special charges (3) 7.7 15.2 (49.3) % airline net income (loss), excluding special charges (1)(3) (8.8) 5.9 nm airline operating margin, excluding special charges (1)(3) 0.1 % 3.7 % (3.6) airline diluted earnings (loss) per share, excluding special charges (1)(3) (0.49) 0.31 nm   consolidated nine months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2024 2023 yoy total operating revenue $                1,884.9 $                1,898.9 (0.7) % total operating expense 1,860.9 1,688.5 10.2 % operating income 24.0 210.4 (88.6) % income (loss) before income taxes (26.8) 160.8 nm net income (loss) (24.0) 119.6 nm diluted earnings (loss) per share (1.38) 6.43 nm sunseeker special charges, net of recoveries (3) (2.6) 4.6 nm airline special charges (3) 42.6 15.2 nm income before income taxes, excluding special charges net of recoveries (1)(3) 13.2 180.6 (92.7) % net income, excluding special charges net of recoveries (1)(3) 6.8 134.2 (94.9) % diluted earnings per share excluding special charges net of recoveries (1)(3) 0.35 7.22 (95.2) %   airline only nine months ended september 30, percent change (2) (unaudited) (in millions, except per share amounts) 2024 2023 yoy airline operating revenue $            1,831.1 $            1,898.9 (3.6) % airline operating expense 1,767.0 1,668.0 5.9 % airline operating income 64.1 230.9 (72.2) % airline income before income taxes 29.4 181.9 (83.8) % airline special charges (3) 42.6 15.2 nm airline net income, excluding special charges (1)(3) 51.9 148.8 (65.1) % airline operating margin, excluding special charges (1)(3) 5.8 % 13.0 % (7.2) airline diluted earnings per share, excluding special charges (1)(3) 2.83 8.00 (64.6) % (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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