updated 1/10/2011 5:16:17 PM ET 2011-01-10T22:16:17

LAS VEGAS, Jan. 10, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today reported preliminary passenger traffic results for December 2010.

Scheduled Service
       
  Dec. 2010 Dec. 2009 Change
Passengers 492,841 429,993 14.6%
Revenue passenger miles (000) 456,820 406,238 12.5%
Available seat miles (000) 510,448 448,398 13.8%
Load factor 89.50% 90.60% (1.1) pts
Departures 3,742 3,232 15.8%
Average stage length (miles) 909 925 (1.7)%
       
  4Q10 4Q09 Change
Passengers 1,295,703 1,124,449 15.2%
Revenue passenger miles (000) 1,190,960 1,053,077 13.1%
Available seat miles (000) 1,325,364 1,167,214 13.5%
Load factor 89.90% 90.20% (0.3) pts
Departures 9,774 8,470 15.4%
Average stage length (miles) 904 919 (1.6)%
       
  YTD 2010 YTD 2009 Change
Passengers 5,609,852 4,919,826 14.0%
Revenue passenger miles (000) 5,211,663 4,477,119 16.4%
Available seat miles (000) 5,742,014 4,950,954 16.0%
Load factor 90.8% 90.4% 0.4 pts
Departures 41,995 37,115 13.10%
Average stage length (miles) 912 891 2.4%

 

Total System*
       
  Dec. 2010 Dec. 2009 Change
Passengers 506,848 452,533 12.0%
Revenue passenger miles (000) 468,655 422,947 10.8%
Available seat miles (000) 539,303 480,943 12.1%
Load factor 86.90% 87.90% (1.0) pts
Departures 4,099 3,663 11.9%
Average stage length (miles) 880 879 0.1%
       
  4Q10 4Q09 Change
Passengers 1,363,779 1,220,275 11.8%
Revenue passenger miles (000) 1,248,333 1,124,642 11.0%
Available seat miles (000) 1,441,801 1,297,333 11.1%
Load factor 86.6% 86.7% (0.1) pts
Departures 11,161 10,129 10.2%
Average stage length (miles) 867 859 0.9%
       
       
  YTD 2010 YTD 2009 Change
Passengers 5,903,184 5,328,436 10.8%
Revenue passenger miles (000) 5,466,237 4,762,410 14.8%
Available seat miles (000) 6,246,544 5,449,363 14.6%
Load factor 87.5% 87.4% 0.1 pts
Departures 47,986 43,795 9.6%
Average stage length (miles) 874 836 4.5%
       
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
 
 
Preliminary Financial Results
   
  Change
   
November 2010 actual year-over-year

scheduled revenue per ASM (RASM) change
10.6%
   
November 2010 actual year-over year

scheduled total revenue per ASM (TRASM) change
8.9%
   
December 2010 estimated year-over-year RASM change 7.5 – 7.9%
December 2010 estimated year-over-year TRASM change 8.9 – 9.3%
   
December 2010 estimated average fuel cost per gallon – system $2.66
December 2010 estimated average fuel cost per gallon – scheduled  $2.71
   
4Q10 estimated year-over-year RASM change  9.1 – 9.5%
4Q10 estimated year-over-year TRASM change  9.0 – 9.4%
   
4Q10 estimated average fuel cost per gallon – system $2.51
4Q10 estimated average fuel cost per gallon – scheduled  $2.62
   
RASM = Scheduled service revenue / scheduled service available seat miles
TRASM = Scheduled service revenue + total ancillary revenue / scheduled service available seat miles
 
 
Guidance 
     
Capacity guidance    
  Year over Year Growth  
  Departures ASMs
January 1, 2011    
Scheduled +12% +11%
     
1st Quarter 2011    
System +4 - 7% +3 - 5%
Scheduled +4 - 7% +3 - 5%
     
2nd Quarter 2011    
System +5 - 9% +4 - 8%
Scheduled +5 - 9% +4 - 8%
     
Cost guidance    
    4th Quarter 2010
Cost per passenger - excluding fuel $58 - $59
   
Fixed fee and other revenue guidance  
  4th Quarter 2010
Fixed fee revenue and other revenue (millions) $10.1 -$10.6
     
Guidance subject to revision    

The company's cost per passenger guidance is slightly higher than previously projected due to having carried fewer passengers than expected as a result of irregular operations caused by the severe weather in late December in addition to unscheduled engine maintenance expenses.

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 Las Vegas, Phoenix, Los Angeles, Orlando, Fla., Tampa/St. Petersburg, Fla. and Fort Lauderdale, 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. ALGT/G

The Allegiant Travel Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=8305

Note: This press 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 web site:  http://ir.allegiantair.com

Reference to the Company's web site above does not constitute incorporation of any of the information thereon into this press 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

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