Allegiant travel company first quarter 2023 financial results

First quarter  2023 gaap diluted earnings per share of $3.09 first quarter  2023 diluted earnings per share, excluding sunseeker special charges of $3.04 (1)(4) first quarter  2023 airline only diluted earnings per share of $3.30 (1) las vegas , may 3, 2023 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the first quarter 2023, as well as comparisons to the prior year: consolidated three months ended march 31, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $                649.7 $                500.1 29.9 % total operating expense 554.9 492.9 12.6 % operating income 94.8 7.2 1,216.7 % income (loss) before income taxes 74.4 (10.6) 801.9 % net income (loss) 56.1 (7.9) 810.1 % diluted earnings (loss) per share 3.09 (0.44) 802.3 % sunseeker special charges, net of recovery (1.6) — n/a diluted earnings per share excluding recovery of sunseeker special charges (1)(4) 3.04 (0.44) 790.9 %   airline only three months ended march 31, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue (1) $            649.7 $            500.1 29.9 % airline operating expense (1) 552.1 489.9 12.7 % airline operating income (1) 97.6 10.2 856.9 % airline income (loss) before income taxes (1) 78.9 (5.6) 1,508.9 % airline net income (loss) (1)(3) 59.9 (4.3) 1,493.0 % airline operating margin 15.0 % 2.0 % 13.0 % airline diluted earnings (loss) per share (1) 3.30 (0.24) 1,475.0 % (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 (2)  except airline operating margin, which is percentage point change (3)  utilizing an effective tax rate of 24.0% for 2023 and 23.6% for 2022 (4)  adjusted to exclude insurance recoveries from property damage to sunseeker resort "i am happy to report we delivered strong financial results during the first quarter with diluted earnings per share of $3.09," stated john redmond, ceo of allegiant travel company.
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