Allegiant travel company fourth quarter and full-year 2022 financial results

Fourth quarter  2022 gaap diluted earnings per share of $2.87 fourth quarter  2022 diluted earnings per share, excluding recognition bonus and sunseeker special charges, of $3.17 (1)(2)(3) full-year 2022 gaap diluted earnings per share of $0.14 full-year 2022 diluted earnings per share, excluding recognition bonus and sunseeker special charges, of $3.13 (1)(2)(3) las vegas , feb. 1, 2023 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the fourth quarter and full-year 2022, as well as comparisons to prior years: consolidated three months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019      yoy      yo3y total operating expense 522.4 463.6 368.4 12.7 41.8 operating income 89.2 33.3 92.7 167.6 (3.7) income before income taxes 65.9 15.1 78.6 334.7 (16.3) net income 52.5 10.7 60.5 390.3 (13.3) diluted earnings per share 2.87 0.59 3.72 386.4 (22.8)   twelve months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019 yoy yo3y total operating revenue $        2,301.8 $        1,707.9 $        1,841.0 34.8 % 25.0 % total operating expense 2,210.2 1,444.8 1,477.0 53.0 49.6 operating income 91.6 263.1 364.0 (65.2) (74.8) income before income taxes 5.0 196.6 301.2 (97.5) (98.4) net income 2.5 151.9 232.1 (98.4) (98.9) diluted earnings per share 0.14 8.68 14.26 (98.4) (99.0) sunseeker special charges 34.0 — — nm nm diluted earnings per share excluding sunseeker special charges (2) (3) $             1.65 $             8.68 $           14.26 (81.0) (88.4) (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 and for calculation of per share figures   (3)  adjusted to exclude estimated loss from property damage to sunseeker resort related to hurricane ian and two subsequent insurance events that occurred during the quarter, offset by insurance recoveries recorded to date.
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