updated 2/8/2011 12:46:04 AM ET 2011-02-08T05:46:04

LAS VEGAS, Feb. 8, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT), today reported preliminary passenger traffic results for January 2011.

 
Scheduled Service
  Jan. 2011 Jan. 2010 Change
Passengers 449,541 388,757 15.6%
Revenue passenger miles (000) 417,656 368,502 13.3%
Available seat miles (000) 455,108 408,000 11.5%
Load factor 91.8% 90.3% 1.5 pts
Departures 3,356 2,945 14.0%
Average stage length (miles) 904 924 (2.2%)
       
Total System*
  Jan. 2011 Jan. 2010 Change
Passengers 475,084 413,320 14.9%
Revenue passenger miles (000) 442,477 388,327 13.9%
Available seat miles (000) 501,590 450,712 11.3%
Load factor 88.2% 86.2% 2.0 pts
Departures 3,857 3,461 11.4%
Average stage length (miles) 870 875 (0.5)%
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
 
Preliminary Financial Results
  Change
December 2010 actual year-over-year scheduled revenue per ASM (RASM) change 7.7%
December 2010 actual year-over year scheduled total revenue per ASM (TRASM) change 9.1%
   
January 2011 estimated year-over-year RASM change 5.1 - 5.5%
January 2011 estimated year-over-year TRASM change 2.6 - 3.0%
   
January 2011 estimated average fuel cost per gallon – system $2.67
January 2011 estimated average fuel cost per gallon – scheduled  $2.84
   
Capacity Guidance
Guidance, subject to revision Year over Year Growth
  Departures ASMs
February 2011    
Scheduled -1% -3%
     
1st Quarter 2011    
System +3 - 6% +3 - 6%
Scheduled +3 - 6% +3 - 6%
     
2nd Quarter 2011    
System +1 - 5% +1 - 5%
Scheduled +0 - 4% +0 - 4%
     
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

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.

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

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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