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Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Reports September 2011 Traffic

Thursday, October 06, 2011

Allegiant Reports September 2011 Traffic02:00 EDT Thursday, October 06, 2011LAS VEGAS, Oct. 6, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for September 2011.Scheduled Service           Sep. 2011 Sep. 2010 Change Passengers 359,739 362,519 (0.8)% Revenue passenger miles (000) 327,382 330,800 (0.2)% Available seat miles (000) 363,438 359,785 1.0% Load factor 90.1% 91.9% (1.8) pts Departures 2,684 2,697 (0.5)% Average stage length (miles) 892 889 0.2%           3Q11 3Q10 Change Passengers 1,478,046 1,488,600 (0.7)% Revenue passenger miles (000) 1,347,896 1,356,043 (0.6)% Available seat miles (000) 1,462,636 1,512,650 (3.3)% Load factor 92.2% 89.6% 2.6 pts Departures 10,834 11,316 (4.3)% Average stage length (miles) 892 891 0.1%        Total System*           Sep. 2011 Sep. 2010 Change Passengers 398,206 390,492 2.0% Revenue passenger miles (000) 357,525 362,714 (1.4)% Available seat miles (000) 415,941 420,469 (1.1)% Load factor 86.0% 86.3% (0.3) pts Departures 3,317 3,231 2.7% Average stage length (miles) 832 873 (4.8)%           3Q11 3Q10 Change Passengers 1,578,645 1,559,836 1.2% Revenue passenger miles (000) 1,425,002 1,425,761 (0.1)% Available seat miles (000) 1,593,766 1,646,431 (3.2)% Load factor 89.4% 86.6% 2.8 pts Departures 12,527 12,761 (1.8)% Average stage length (miles) 845 865 (2.3)%        *Total system includes scheduled service, fixed fee contract and non-revenue flying.  Preliminary Financial Results       Change August 2011 actual year-over-year    scheduled revenue per ASM (PRASM) change 20.6% August 2011 actual year-over year    scheduled total revenue per ASM (TRASM) change 15.8%     September 2011 estimated year-over-year PRASM change  32.5 to 32.9% September 2011 estimated year-over-year TRASM change 23.8 to 24.2%     September 2011 estimated average fuel cost per gallon    – system $3.04 September 2011 estimated average fuel cost per gallon    – scheduled $3.30     3Q11 estimated year-over-year PRASM change 24.2 to 24.6% 3Q11 estimated year-over-year TRASM change 19.1 to 19.5%     3Q11 estimated average fuel cost per gallon – system $3.12 3Q11 estimated average fuel cost per gallon – scheduled $3.33    Guidance       Capacity guidance, subject to revision Year over Year Growth   Departures ASMs October 1, 2011     Scheduled 4% 5%       4th Quarter 2011     System +5 to 9% +6 to 10% Scheduled +2 to 6% +5 to 9%       1st Quarter 2012     System +8 to 12% +13 to 17% Scheduled +10 to 14% +15 to 19%       ASMs – Available seat miles          Cost and revenue guidance, subject to revision          Cost guidance         3rd Quarter 2011 Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year growth   +14 to 16%       Fixed fee and other revenue guidance         3rd Quarter 2011 Fixed fee revenue and other revenue (millions)   $12 to $14About the Company Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) has posted 34 consecutive quarters of profitability. The company 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 and hotel rooms, rental cars and other travel-related services. In 2011 and 2010 Allegiant ranked 64 and 25, respectively, on FORTUNE magazine's Fastest-Growing Companies list. In 2010, Allegiant was ranked number one for low-cost carriers in Aviation Week's Top Performing Airline study. 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: Kristine Shattuck-Cooper phone: 702-853-4625 e-mail: kristine.cooper@allegiantair.com Investor Inquiries: Chris Allen phone: 702-851-7365 e-mail: ir@allegiantair.com