Allegiant Travel Company reported a GAAP diluted earnings per share of $0.59 for the fourth quarter of 2021. Total operating revenue increased by 7.8% compared to the fourth quarter of 2019, reaching $496.9 million. The company faced operational challenges due to the Omicron variant, resulting in flight cancellations and increased irregular operations expenses.
GAAP diluted earnings per share were $0.59 for Q4 2021.
Adjusted diluted earnings per share were $1.18 for Q4 2021.
Total operating revenue increased by 7.8% compared to Q4 2019, reaching $496.9 million.
Load factors sequentially improved throughout the year, with Q4 loads at 77.1%.
Despite the Omicron variant, forward bookings are strong for upcoming peak leisure travel periods, particularly for spring break. The booking curve has normalized to its pre-COVID state, and positive demand trends are emerging into early summer. The company expects to end 2022 with 127 aircraft, all with 186 seats, increasing seats per departure. The Boeing transaction will increase incremental route opportunities to 1,400, and progress on Sunseeker is on track to open in early 2023.
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