Allegiant travel company third quarter 2023 financial results

Third quarter 2023 gaap diluted loss per share of $(1.44) third quarter  2023 diluted earnings per share, excluding special charges of $0.09 (1)(4)(5) third quarter  2023 airline only diluted earnings per share, excluding special charges of $0.31(1)(6) sunseeker resort to open december 15, 2023 las vegas , nov. 2, 2023 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the third quarter 2023, as well as comparisons to the prior year: consolidated three months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $                        565.4 $                        560.3 0.9 % total operating expense 583.2 591.2 (1.4) % operating loss (17.9) (30.9) 42.1 % loss before income taxes (29.9) (56.2) 46.7 % net loss (25.1) (46.5) 46.0 % diluted loss per share (1.44) (2.58) 44.2 % sunseeker special charges, net of recoveries (4) 17.4 35.0 (50.3) % airline special charges (4) 15.2 0.1 nm diluted earnings (loss) per share excluding special charges net of recoveries (1)(5) 0.09 (0.96) 109.4 %   airline only three months ended september 30, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue $                     565.4 $                     560.3 0.9 % airline operating expense (1) 559.5 553.5 1.1 % airline operating income 5.8 6.8 (14.7) % airline loss before income taxes (1) (7.4) (17.3) 57.2 % airline net loss (1) (5.6) (15.2) 63.2 % airline special charges (4) 15.2 0.1 nm airline net income (loss), excluding special charges (1)(3)(6) 5.9 (15.1) nm airline operating margin, excluding special charges (1)(6) 3.7 % 1.2 % 2.5 airline diluted earnings (loss) per share, excluding special charges (1)(6) 0.31 (0.84) 136.9 %   consolidated nine months ended september 30, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $                     1,898.9 $                     1,690.3 12.3 % total operating expense 1,688.5 1,687.8 — % operating income 210.4 2.4 nm income (loss) before income taxes 160.8 (60.9) 364.0 % net income (loss) 119.6 (50.0) 339.2 % diluted earnings (loss) per share 6.43 (2.78) 331.3 % sunseeker special charges, net of recoveries (4) 4.6 35.0 nm airline special charges (4) 15.2 0.4 nm diluted earnings (loss) per share excluding special charges (1)(5) 7.22 (1.16) 722.4 %   airline only nine months ended september 30, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue $                  1,898.8 $                  1,690.3 12.3 % airline operating expense (1) 1,668.0 1,645.4 1.4 % airline operating income 230.9 44.9 414.3 % airline income (loss) before income taxes (1) 181.9 (12.5) nm airline net income (loss) (1) 137.3 (11.0) 1,348.2 % airline special charges (4) 15.2 0.4 nm airline net income (loss), excluding special charges (1)(3)(6) 148.8 (10.7) nm airline operating margin, excluding special charges (1)(6) 13.0 % 2.7 % 10.3 airline diluted earnings (loss) per share, excluding special charges (1)(6) 8.00 (0.59) nm (1) denotes a non-gaap financial measure. refer to the non-gaap presentation section within this document for further information and for calculation of per share figures.
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