updated 3/4/2011 1:17:51 PM ET 2011-03-04T18:17:51

LAS VEGAS, March 4, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT), today reported preliminary passenger traffic results for February 2011.

  Scheduled Service    
       
  Feb. 2011 Feb. 2010 Change
Passengers 414,222 406,690 1.9%
Revenue passenger miles (000) 388,829 393,891 (1.3)%
Available seat miles (000) 418,161 431,178 (3.0)%
Load factor 93.0% 91.4% 1.6 pts
Departures 3,046 3,029 0.6%
Average stage length (miles) 915 949 (3.6)%
       
  Total System*    
       
  Feb. 2011 Feb. 2010 Change
Passengers 445,476 432,292 3.0%
Revenue passenger miles (000) 416,879 414,244 0.6%
Available seat miles (000) 466,298 469,779 (0.7)%
Load factor 89.4% 88.2% 1.2 pts
Departures 3,570 3,545 0.7%
Average stage length (miles) 874 891 (1.9)%
 
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
 
Preliminary Financial Results
   
  Change
January 2011 actual year-over-year   
scheduled revenue per ASM (RASM) change 5.5%
January 2011 actual year-over-year   
scheduled total revenue per ASM (TRASM) change 3.0%
   
February 2011 estimated year-over-year RASM change 13.7 – 14.1%
February 2011 estimated year-over-year TRASM change 12.2 – 12.6%
   
February 2011 estimated average fuel cost per gallon – system $2.73
February 2011 estimated average fuel cost per gallon – scheduled  $3.03
 
Capacity Guidance
     
Guidance, subject to revision Year over Year Growth

Departures


ASMs
March 1, 2011    
Scheduled 1% 1%
     
1st Quarter 2011    
System +2 to 4% +2 to 4%
Scheduled +3 to 5% +2 to 4%
     
2nd Quarter 2011    
System (2) to +2% (2) to +2%
Scheduled (3) to +1% (4) to 0%
     
ASMs – Available seat miles    
 
Unit Revenue Guidance
   
Guidance, subject to revision  
  Year over Year Growth
1st Quarter 2011 estimated RASM change +9 to 11%
1st Quarter 2011 estimated TRASM change +8 to 10%

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

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:
         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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