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Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Reports October 2011 Traffic

Friday, November 04, 2011

Allegiant Reports October 2011 Traffic13:47 EDT Friday, November 04, 2011LAS VEGAS, Nov. 4, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for October 2011.        Scheduled Service           Oct. 2011 Oct. 2010 Change Passengers 415,031 386,101 7.5% Revenue passenger miles (000) 375,114 352,256 6.5% Available seat miles (000) 413,093 390,912 5.7% Load factor 90.8% 90.1% 0.7pts Departures 3,078 2,905 6.0% Average stage length (miles) 882 897 (1.7)%        Total System*           Oct. 2011 Oct. 2010 Change Passengers 456,464 413,694 10.3% Revenue passenger miles (000) 406,420 374,931 8.4% Available seat miles (000) 467,194 434,206 7.6% Load factor 87.0% 86.3% 0.7pts Departures 3,764 3,425 9.9% Average stage length (miles) 822 852 (3.5)%         *Total system includes scheduled service, fixed fee contract and non-revenue flying.    Preliminary Financial Results   Change September 2011 actual year-over-year scheduled revenue per ASM (PRASM) change 32.9% September 2011 actual year-over year scheduled total revenue per ASM (TRASM) change 24.2%     October 2011 estimated year-over-year PRASM change 17.0 to 17.4% October 2011 estimated year-over-year TRASM change 13.8 to 14.2%     October 2011 estimated average fuel cost per gallon – system $3.03 October 2011 estimated average fuel cost per gallon – scheduled $3.28 Guidance     Capacity guidance, subject to revision Year over Year Growth   Departures ASMs November 2011      Scheduled 4% 6%       4rd 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      Allegiant, travel is our deal. Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) has posted 35 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, 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. Receive breaking news from Allegiant by visiting Allegiant's Facebook Fan Page at www.facebook.com/Allegiant or follow Allegiant on Twitter at twitter.com/allegianttravel.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: Brian Davis e-mail: mediarelations@allegiantair.com Investor Inquiries: Chris Allen e-mail:ir@allegiantair.com