Allegiant travel company second quarter financial results

Second quarter 2022 gaap diluted earnings per share of $0.24 second quarter 2022 diluted earnings per share, excluding recognition bonus(1) of $0.62 (1)(2) las vegas , august 3, 2022  /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the second quarter 2022, as well as comparisons to prior years: consolidated three months ended june 30, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019 yoy yo3y total operating revenue $           629.8 $           472.4 $            491.8 33.3 % 28.1 % total operating expense 603.7 333.6 383.7 81.0 57.4 operating income 26.1 138.9 108.1 (81.2) (75.8) income before income taxes 5.8 122.6 91.8 (95.2) (93.6) net income 4.4 95.0 70.5 (95.4) (93.8) diluted earnings per share $              0.24 $              5.49 $              4.33 (95.6) (94.5) six months ended june 30, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019 yoy yo3y total operating revenue $        1,130.0 $           751.6 $            943.4 50.3 % 19.8 % total operating expense 1,096.6 588.1 744.2 86.5 47.4 operating income 33.4 163.5 199.2 (79.6) (83.3) income (loss) before income taxes (4.7) 131.2 165.7 (103.6) (102.9) net income (loss) (3.5) 101.9 127.7 (103.5) (102.8) diluted earnings (loss) per share $            (0.20) $              6.04 $              7.84 (103.3) (102.6) (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 "demand surged in the second quarter resulting in the highest revenue-generating quarter in company history," stated john redmond, ceo of allegiant travel company.
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