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Press release from GlobeNewswire (a Nasdaq OMX company)

Allegiant Reports March 2012 Traffic

Sunday, April 08, 2012

Allegiant Reports March 2012 Traffic21:01 EDT Sunday, April 08, 2012LAS VEGAS, April 9, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for March 2012.  Scheduled Service               Mar. 2012 Mar. 2011 Change Passengers 728,246 580,435 25.5% Revenue passenger miles (000) 701,628 554,325 26.6% Available seat miles (000) 759,000 591,759 28.3% Load factor 92.4% 93.7% (1.3) pts Departures 5,178 4,201 23.3% Average stage length (miles) 938 939 (0.1)%           1Q12 1Q11 Change Passengers 1,702,385 1,444,198 17.9% Revenue passenger miles (000) 1,627,727 1,360,810 19.6% Available seat miles (000) 1,787,658 1,465,028 22.0% Load factor 91.1% 92.9% (1.8) pts Departures 12,328 10,603 16.3% Average stage length (miles) 932 921 1.2%          Total System*               Mar. 2012 Mar. 2011 Change Passengers 764,776 620,061 23.3% Revenue passenger miles (000) 728,624 590,755 23.3% Available seat miles (000) 806,859 649,898 24.2% Load factor 90.3% 90.9% (0.6) pts Departures 5,789 4,810 20.4% Average stage length (miles) 897 904 (0.8)%           1Q12 1Q11 Change Passengers 1,799,041 1,540,621 16.8% Revenue passenger miles (000) 1,700,241 1,450,110 17.2% Available seat miles (000) 1,916,648 1,617,786 18.5% Load factor 88.7% 89.6% (0.9) pts Departures 13,966 12,237 14.1% Average stage length (miles) 887 885 0.2%        *Total system includes scheduled service, fixed fee contract and non-revenue flying.      Preliminary Financial Results         Change February 2012 actual year-over-year    Scheduled revenue per scheduled ASM (PRASM) change 2.3% February 2012 actual year-over-year    Scheduled total revenue per scheduled ASM (TRASM) change 1.8%     March 2012 estimated year-over-year PRASM change (1.3)% to (1.7)% March 2012 estimated year-over-year TRASM change   (1.1)% to (1.5)%   1Q12 estimated year-over-year PRASM change 2.7% to 3.1% 1Q12 estimated year-over-year TRASM change   2.0% to 2.4%     $ per gallon March 2012 estimated average fuel cost per gallon – system $3.42 March 2012 estimated average fuel cost per gallon – scheduled $3.59       $ per gallon 1Q12 estimated average fuel cost per gallon – system $3.28 1Q12 estimated average fuel cost per gallon - scheduled $3.46                                                                                             Guidance                      Capacity guidance, subject to revision Year over Year Growth   Departures ASMs April 2012      Scheduled 18% 26%       2nd Quarter 2012      System +8 to 12% +16 to 20%  Scheduled +9 to 13% +18 to 22%       3rd Quarter 2012      System +2 to 6% +14 to 18%  Scheduled +3 to 7% +15 to 19%        ASMs – Available seat miles      Cost and revenue guidance, subject to revision  Cost guidance    1st Quarter 2012 Cost per available seat mile excluding fuel (CASM-ex fuel) – year over year growth (3.0) to (2.0)%  Fixed fee and other revenue guidance   1st Quarter 2012 Fixed fee revenue and other revenue (millions) $11 to $12Allegiant, travel is our deal. Las Vegas-based Allegiant Travel Company (Nasdaq:ALGT) is focused on linking travelers in small cities to world-class leisure destinations. Through its subsidiary, Allegiant Air, the company operates a low-cost, high-efficiency, all-jet passenger airline, and offers other travel-related products such as hotel rooms, rental cars, and attraction tickets through its website, allegiant.com. The company was ranked ninth in the 2011 Forbes' Best Small Companies. Allegiant was also recently named one of FORTUNE magazine's "100 Fastest-Growing Companies" for the second consecutive year. The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305ALGT/G 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