Allegiant travel company third quarter financial results

Third quarter  2022 gaap diluted loss per share of $(2.58) third quarter  2022 loss per share, excluding recognition bonus and hurricane ian special charge, of $(0.54) (1)(2)(3) las vegas , nov. 2, 2022 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the third quarter 2022, as well as comparisons to prior years: consolidated three months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019 yoy yo3y total operating revenue $           560.3 $           459.5 $            436.5 22.0 % 28.4 % total operating expense 591.2 393.2 364.4 50.4 62.3 operating income (loss) (30.9) 66.3 72.1 (146.6) (142.9) income (loss) before income taxes (56.2) 50.2 56.9 (211.8) (198.7) net income (loss) (46.5) 39.3 43.9 (218.4) (205.8) diluted earnings (loss) per share (2.58) 2.18 2.70 (218.3) (195.6) hurricane ian special charge 35.0 — — nm nm diluted earnings (loss) per share excluding hurricane ian special charge (2) (3) $            (0.97) $              2.18 $              2.70 (144.5) (135.9)   nine months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019 yoy yo3y total operating revenue $        1,690.3 $        1,211.0 $        1,379.9 39.6 % 22.5 % total operating expense 1,687.8 981.3 1,108.6 72.0 52.2 operating income 2.4 229.7 271.3 (98.9) (99.1) income (loss) before income taxes (60.9) 181.5 222.6 (133.6) (127.4) net income (loss) (50.0) 141.2 171.6 (135.4) (129.1) diluted earnings (loss) per share (2.78) 8.18 10.54 (134.0) (126.4) hurricane ian special charge 35.0 — — nm nm diluted earnings (loss) per share excluding hurricane ian special charge (2) (3) $            (1.18) $              8.18 $            10.54 (114.4) (111.2) (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 (3) adjusted to exclude estimated loss from property damage to sunseeker resort related to hurricane ian.
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