Allegiant travel company first quarter financial results

First quarter 2022 gaap diluted (loss) per share of $(0.44) first quarter 2022 diluted (loss) per share, excluding recognition bonus(1) of $(0.12) (1)(2) las vegas , may 4, 2022 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the first quarter 2022, as well as comparisons to prior years: consolidated three months ended march 31, percent change (unaudited) (in millions, except per share amounts) 2022 2021 2019 yoy yo3y total operating revenue $           500.1 $           279.1 $            451.6 79.2% 10.7% total operating expense 492.9 254.5 360.5 93.6 36.7 operating income 7.2 24.6 91.1 (70.6) (92.1) income (loss) before income taxes (10.6) 8.7 73.9 (221.9) (114.3) net income (loss) (7.9) 6.9 57.1 (214.7) (113.8) diluted earnings (loss) per share $            (0.44) $              0.42 $              3.52 (204.8) (112.5) (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 "the first quarter marked a sizable shift in the demand environment," stated maurice j.
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