Allegiant travel company third quarter 2021 financial results

Las vegas, oct. 27, 2021 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the third quarter 2021, as well as comparisons to the prior years: consolidated three months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y total operating revenue $ 459.5 $ 201.0 $ 436.5 128.6 % 5.3 % total operating expense 393.2 234.1 364.4 68.0 7.9 operating income (loss) 66.3 (33.1) 72.1 300.4 (8.1) income (loss) before income taxes 50.2 (44.7) 56.9 212.4 (11.7) net income (loss) 39.3 (29.1) 43.9 234.7 (10.6) diluted earnings (loss) per share $ 2.18 $ (1.82) $ 2.70 219.8 (19.3)   nine months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y total operating revenue $ 1,211.0 $ 743.5 $ 1,379.9 62.9 % (12.2) % total operating expense 981.3 1,000.8 1,108.6 (2.0) (11.5) operating income (loss) 229.7 (257.3) 271.3 189.3 (15.3) income (loss) before income taxes 181.5 (321.9) 222.6 156.4 (18.5) net income (loss) 141.2 (155.3) 171.6 190.9 (17.7) diluted earnings (loss) per share $ 8.18 $ (9.75) $ 10.54 183.9 (22.4)   consolidated - adjusted three months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y adjusted operating expense (1) (2) $ 428.0 $ 278.4 $ 364.4 53.7 % 17.5 % adjusted operating income (loss) (1) (2) 31.5 (77.4) 72.1 140.7 (56.3) adjusted income (loss) before income taxes (1) (2) 15.4 (89.0) 56.9 117.3 (72.9) adjusted net income (loss) (1) (2) 11.9 (68.5) 43.9 117.4 (72.9) adjusted diluted earnings (loss) per share (1) (2) $ 0.66 $ (4.28) $ 2.70 115.4 (75.6)   nine months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y adjusted operating expense (1) (2) $ 1,144.7 $ 872.3 $ 1,108.6 31.2 % 3.3 % adjusted operating income (loss) (1) (2) 66.3 (128.8) 271.3 151.5 (75.6) adjusted income (loss) before income taxes (1) (2) 18.1 (166.8) 222.6 110.9 (91.9) adjusted net income (loss) (1) (2) 14.0 (128.4) 171.6 110.9 (91.8) adjusted diluted earnings (loss) per share (1) (2) $ 0.82 $ (8.07) $ 10.54 110.2 (92.2) (1) adjusted numbers exclude covid related special charges, the net benefit from the payroll support programs (psps), and bonus accruals (2) denotes a non-gaap financial measure. refer to the non-gaap presentation section within this document for further information "we finished the quarter with earnings per share of $2.18, our second consecutive quarter of profitability since the onset of the pandemic," stated maurice j.
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