Allegiant travel company fourth quarter and full year 2021 financial results
Las vegas, feb. 2, 2022 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the fourth quarter and full year 2021, as well as comparisons to prior years: consolidated three months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y total operating revenue $ 496.9 $ 246.6 $ 461.1 101.5 % 7.8 % total operating expense 463.6 270.2 368.4 71.6 25.8 operating income (loss) 33.3 (23.6) 92.7 241.0 (64.0) income (loss) before income taxes 15.1 (39.2) 78.6 138.6 (80.7) net income (loss) 10.7 (28.8) 60.5 137.1 (82.3) diluted earnings (loss) per share $ 0.59 $ (1.79) $ 3.72 133.0 (84.1) twelve months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y total operating revenue $ 1,707.9 $ 990.1 $ 1,841.0 72.5 % (7.2) % total operating expense 1,444.8 1,271.1 1,477.0 13.7 (2.2) operating income (loss) 263.1 (281.0) 364.0 193.6 (27.7) income (loss) before income taxes 196.6 (361.1) 301.2 154.5 (34.7) net income (loss) 151.9 (184.1) 232.1 182.5 (34.6) diluted earnings (loss) per share $ 8.68 $ (11.53) $ 14.26 175.3 (39.1) consolidated - adjusted three months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y adjusted operating expense (1) (2) $ 451.2 $ 254.4 $ 368.4 77.4 % 22.5 % adjusted operating income (loss) (1) (2) 45.7 (7.8) 92.7 685.9 (50.7) adjusted income (loss) before income taxes (1) (2) 27.5 (23.4) 78.6 217.5 (65.0) adjusted net income (loss) (1) (2) 21.3 (18.0) 60.5 218.3 (64.8) adjusted diluted earnings (loss) per share (1) (2) $ 1.18 $ (1.12) $ 3.72 205.4 (68.3) twelve months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2021 2020 2019 yoy yo2y adjusted operating expense (1) (2) $ 1,595.7 $ 1,130.2 $ 1,477.0 41.2 % 8.0 % adjusted operating income (loss) (1) (2) 112.2 (140.1) 364.0 180.1 (69.2) adjusted income (loss) before income taxes (1) (2) 45.7 (193.6) 301.2 123.6 (84.8) adjusted net income (loss) (1) (2) 35.1 (149.1) 232.1 123.5 (84.9) adjusted diluted earnings (loss) per share (1) (2) $ 2.04 $ (9.33) $ 14.26 121.9 (85.7) (1) adjusted numbers exclude covid related special charges, the net benefit from the payroll support programs, when applicable, and profit sharing bonus accruals (2) denotes a non-gaap financial measure. refer to the non-gaap presentation section within this document for further information "we finished the year with adjusted earnings per share (1) of $2.04, one of the only domestic carriers to record a full-year adjusted profit," stated maurice j.
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