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Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Reports May 2011 Traffic

Monday, June 06, 2011

Allegiant Reports May 2011 Traffic15:02 EDT Monday, June 06, 2011LAS VEGAS, June 6, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for May 2011.Scheduled Service           May 2011 May 2010 Change Passengers 433,329 456,673 (5.1%) Revenue passenger miles (000) 387,091 419,073 (7.6%) Available seat miles (000) 420,002 455,062 (7.7%) Load factor 92.2% 92.1% 0.1 pts Departures 3,206 3,341 (4.0%) Average stage length (miles) 873 908 (3.8%)        Total System*           May 2011 May 2010 Change Passengers 464,983 483,016 (3.7%) Revenue passenger miles (000) 411,038 441,597 (6.9%) Available seat miles (000) 466,664 502,350 (7.1%) Load factor 88.1% 87.9% 0.2 pts Departures 3,785 3,930 (3.7%) Average stage length (miles) 825 859 (3.9%)        *Total system includes scheduled service, fixed fee contract and non-revenue flying.  Preliminary Financial Results       Change April 2011 actual year-over-year    scheduled passenger revenue per ASM (PRASM) change 23.9% April 2011 actual year-over year    scheduled total revenue per ASM (TRASM) change 20.4%     May 2011 estimated year-over-year PRASM change  34.6 – 35.0% May 2011 estimated year-over-year TRASM change 26.7 – 27.1%     May 2011 estimated average fuel cost per gallon – system $3.20 May 2011 estimated average fuel cost per gallon – scheduled $3.47    Guidance    Capacity guidance, subject to revision Year over Year Growth   Departures ASMs June 2011      Scheduled 1% 1%       2nd   Quarter 2011      System (3) to (1)% (3) to (1)%  Scheduled (3) to (1)% (4) to (2)%       3rd Quarter 2011      System (7) to (3)% (4) to 0%  Scheduled (8) to (4)% (6) to (2)%      Revenue guidance, subject to revision        2nd Quarter 2011 Estimated PRASM change – year over year growth +25 to 27%    ASMs – Available seat miles  About the Company Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT), is focused on linking travelers in small cities to world-class leisure destinations such as Fort Lauderdale, Fla., Las Vegas, Los Angeles, Phoenix-Mesa, Orlando, Fla., and Tampa/St. Petersburg, Fla. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline offering air travel both on a stand-alone basis and bundled with hotel rooms, rental cars and other travel-related services. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study and ranked 25 on FORTUNE magazine's Fastest-Growing Companies list. ALGT/G The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305 Note: This news release was accurate at the date of issuance. However, information contained in the release may have changed. If you plan to use the information contained herein for any purpose, verification of its continued accuracy is your responsibility.For further information please visit the company's investor website: http://ir.allegiant.com Reference to the Company's website above does not constitute incorporation of any of the information thereon into this news release.Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this press release that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on our management's beliefs and assumptions and on information currently available to our management. Forward-looking statements include our statements regarding future departure and capacity growth. Forward-looking statements include all statements that are not historical facts and can be identified by the use of forward-looking terminology such as the words "guidance," "believe," "expect," "anticipate," "intend," "plan," "estimate," "project," "hope" or similar expressions.Forward-looking statements involve risks, uncertainties and assumptions. Actual results may differ materially from those expressed in the forward-looking statements. Important risk factors that could cause our results to differ materially from those expressed in the forward-looking statements generally may be found in our periodic reports filed with the Securities and Exchange Commission at www.sec.gov.  Any forward-looking statements are based on information available to us today and we undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.CONTACT: Allegiant Media Contact: Jordan McGee phone: 702-589-7260 e-mail: jordan.mcgee@allegiantair.com Investor Inquiries: Chris Allen phone: 702-851-7365 e-mail: ir@allegiantair.com