Allegiant Travel Company ( (ALGT) ) has issued an update.
Allegiant Travel Company reported a challenging third quarter for 2024, with a GAAP diluted loss per share of $2.05 and a slight year-over-year decline in total operating revenue to $562.2 million. Despite managing to reduce special charges significantly, the company still faced an operating loss of $26.3 million, a 46.9% increase from the previous year. Investors might be concerned about the airline’s ongoing losses before income taxes, which rose to $43.4 million, highlighting the financial hurdles Allegiant is navigating.
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