Allegiant travel company first quarter 2021 financial results

Las vegas, may 4, 2021 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the first quarter 2021, as well as comparisons to the prior years: consolidated three months ended march 31, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y total operating revenue $ 279.1 $ 409.2 $ 451.6 (31.8) (38.2) total operating expense 254.5 527.0 360.5 (51.7) (29.4) operating income (loss) 24.6 (117.8) 91.1 120.9 (73.0) income (loss) before income taxes 8.7 (130.7) 73.9 106.6 (88.3) net income (loss) 6.9 (33.0) 57.1 120.8 (88.0) diluted earnings (loss) per share $ 0.42 $ (2.08) $ 3.52 120.2 (88.1) consolidated - adjusted three months ended march 31, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y adjusted operating income (loss) (1) (2) $ (59.0) $ 55.1 $ 91.1 (207.1) (164.8) adjusted operating expense (1) (2) 338.1 360.9 360.5 (6.3) (6.2) adjusted income (loss) before income taxes (1) (2) (74.9) 42.2 73.9 (277.5) (201.4) adjusted net income (loss) (1) (2) (57.9) 32.5 57.1 (278.2) (201.4) adjusted diluted earnings (loss) per share (1) (2) $ (3.58) $ 2.05 $ 3.52 (274.6) (201.7) (1) adjusted excludes covid related special charges and the net benefit from the payroll support program extension agreement (the "psp2") (2) denotes a non-gaap financial measure. refer to the non-gaap presentation section within this document for further information   "the momentum reported last quarter picked up in earnest towards the back half of the first quarter with booking trends showing meaningful improvement," stated maurice j.
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