SkyWest (SKYW) reports breakeven earnings for fourth-quarter 2022. Allegiant Travel (ALGT) reports a 23% year-over-year increase in fourth-quarter 2022 revenues.
Allegiant Travel (NASDAQ: ALGT) blew away expectations for the most recent quarter, thanks to the continued strength of the U.S. travel consumer. The airline and hospitality company reported fourth-quarter adjusted earnings of $3.17 per share on revenue of $611.5 million, easily topping analyst expectations of $0.69 per share in earnings on revenue of $578 million. It's hard to say for sure whether the earnings-per-share number is a perfect comparison to what analysts had been expecting, as the headline number excluded employee recognition bonuses and some charges related to Allegiant's resort under development in Florida.
Allegiant's (ALGT) Q4 earnings grow in excess of 100% year over year, owing to soaring air travel demand.