Allegiant travel company fourth quarter and full-year 2023 financial results

Fourth quarter 2023 gaap diluted loss per share of $(0.13) fourth quarter  2023 diluted earnings per share, excluding special charges of $0.11 (1)(6)(7) fourth quarter  2023 airline only diluted earnings per share, excluding special charges of $0.86 (1)(8) full-year 2023 gaap diluted earnings per share of $6.29 full-year 2023 diluted earnings per share, excluding special charges of $7.31 (1)(6)(7) full-year 2023 airline only diluted earnings per share, excluding special charges of $8.82 (1)(8) sunseeker resort officially opened december 15, 2023 las vegas , feb. 5, 2024 /prnewswire/ -- allegiant travel company (nasdaq: algt) today reported the following financial results for the fourth quarter and full-year 2023, as well as comparisons to the prior year: consolidated three months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $                   611.0 $                   611.5 (0.1) % total operating expense 600.4 522.4 14.9 % operating income 10.6 89.2 (88.1) % income (loss) before income taxes (1.8) 65.9 nm net income (loss) (2.0) 52.5 nm diluted earnings (loss) per share (0.13) 2.87 nm sunseeker special charges, net of recoveries (6) (11.0) (1.0) nm airline special charges (6) 19.9 0.1 nm net income, excluding special charges net of recoveries (1)(5)(7) 2.4 54.1 (95.6) % diluted earnings per share excluding special charges net of recoveries (1)(5)(7) 0.11 2.95 (96.3) %   airline only three months ended december 31, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue $                608.1 $                611.5 (0.6) % airline operating expense (1) 587.5 519.5 13.1 % airline operating income 20.6 92.1 (77.6) % airline income before income taxes (1) 6.2 70.5 (91.2) % airline net income (1)(4) 3.2 55.6 (94.2) % airline special charges (6) 19.9 0.1 nm airline net income, excluding special charges (1)(3)(8) 15.9 55.6 (71.4) % airline operating margin, excluding special charges (1)(8) 6.6 % 15.1 % (8.5) airline diluted earnings per share, excluding special charges (1)(3)(8) 0.86 3.04 (71.7) %   consolidated twelve months ended december 31, percent change (unaudited) (in millions, except per share amounts) 2023 2022 yoy total operating revenue $                2,509.9 $                2,301.8 9.0 % total operating expense 2,288.9 2,210.2 3.6 % operating income 221.0 91.6 141.3 % income before income taxes 159.1 5.0 nm net income 117.6 2.5 nm diluted earnings per share 6.29 0.14 nm sunseeker special charges, net of recoveries (6) (6.4) 34.0 nm airline special charges (6) 35.1 0.6 nm net income, excluding special charges net of recoveries (1)(5)(7) 136.6 33.2 311.4 % diluted earnings per share excluding special charges net of recoveries (1)(5)(7) 7.31 1.81 303.9 %   airline only twelve months ended december 31, percent change(2) (unaudited) (in millions, except per share amounts) 2023 2022 yoy airline operating revenue $             2,507.0 $             2,301.8 8.9 % airline operating expense (1) 2,255.5 2,164.9 4.2 % airline operating income 251.5 137.0 83.6 % airline income before income taxes (1) 188.1 58.0 224.3 % airline net income (1)(4) 140.5 44.6 215.0 % airline special charges (6) 35.1 0.6 nm airline net income, excluding special charges (1)(3)(8) 164.7 45.0 266.0 % airline operating margin, excluding special charges (1)(8) 11.4 % 6.0 % 5.4 airline diluted earnings per share, excluding special charges (1)(3)(8) 8.82 2.46 258.5 % (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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