Allegiant travel company second quarter 2023 financial results

Second quarter 2023 gaap diluted earnings per share of $4.80 second quarter  2023 diluted earnings per share, excluding sunseeker special charges of $4.35 (1)(4)(5) second quarter  2023 airline only diluted earnings per share of $4.57 (1) declares an annual cash dividend of $2.40 per share las vegas , aug. 2, 2023 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the second quarter 2023, as well as comparisons to the prior year: consolidated three months ended june 30, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $                683.8 $                629.8 8.6 % total operating expense 550.4 603.7 (8.8) % operating income 133.4 26.1 411.1 % income before income taxes 116.3 5.8 nm net income 88.5 4.4 nm diluted earnings per share 4.80 0.24 nm sunseeker special charges, net of recovery (5) (11.2) — nm diluted earnings per share excluding recovery of sunseeker special charges (1)(4)(5) 4.35 0.24 nm   airline only three months ended june 30, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue (1) $            683.8 $            629.8 8.6 % airline operating expense (1) 556.3 602.0 (7.6) % airline operating income (1) 127.5 27.9 357.0 % airline income before income taxes (1) 110.4 10.4 961.5 % airline net income (1)(3) 84.2 7.7 993.5 % airline operating margin 18.6 % 4.4 % 14.2 % airline diluted earnings per share (1) 4.57 0.43 962.8 %   consolidated six months ended june 30, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $            1,333.5 $            1,130.0 18.0 % total operating expense 1,105.2 1,096.6 0.8 operating income 228.3 33.4 583.5 income (loss) before income taxes 190.8 (4.7) nm net income (loss) 144.6 (3.5) nm diluted earnings (loss) per share 7.84 (0.20) nm sunseeker special charges, net of recovery (5) (12.8) — nm diluted earnings per share excluding recovery of sunseeker special charges (1)(4)(5) 7.35 (0.20) nm   airline only six months ended june 30, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue (1) $         1,333.5 $         1,130.0 18.0 % airline operating expense (1) 1,108.4 1,091.9 1.5 airline operating income (1) 225.1 38.1 490.8 airline income before income taxes (1) 189.2 4.7 nm airline net income (1)(3) 144.2 3.7 nm airline operating margin 16.9 % 3.4 % 13.5 airline diluted earnings per share (1) 7.81 0.20 nm (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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