updated 4/7/2011 8:47:43 PM ET 2011-04-08T00:47:43

LAS VEGAS, April 7, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT), today reported preliminary passenger traffic results for March 2011.

Scheduled Service
       
  Mar. 2011 Mar. 2010 Change
Passengers 580,435 561,163 3.4%
Revenue passenger miles (000) 554,325 545,573 1.6%
Available seat miles (000) 591,759 587,368 0.7%
Load factor 93.7% 92.90% .8 pts
Departures 4,201 4,107 2.3%
Average stage length (miles) 939 957 (1.8%)
       
  1Q11 1Q10 Change
Passengers 1,444,198 1,356,610 6.5%
Revenue passenger miles (000) 1,360,810 1,307,966 4.0%
Available seat miles (000) 1,465,028 1,426,546 2.7%
Load factor 92.9% 91.7% 1.2 pts
Departures 10,603 10,081 5.2%
Average stage length (miles) 921 945 (2.5)%
       
       
Total System*
       
  Mar. 2011 Mar. 2010 Change
Passengers 620,061 591,847 4.8%
Revenue passenger miles (000) 590,755 571,186 3.4%
Available seat miles (000) 649,898 636,695 2.1%
Load factor 90.9% 89.7% 1.2 pts
Departures 4,810 4,694 2.5%
Average stage length (miles) 904 913 (1.0)%
       
  1Q11 1Q10 Change
Passengers 1,540,621 1,437,459 7.2%
Revenue passenger miles (000) 1,450,110 1,373,756 5.6%
Available seat miles (000) 1,617,786 1,557,186 3.9%
Load factor 89.6% 88.2% 1.4 pts
Departures 12,237 11,700 4.6%
Average stage length (miles) 885 895 (1.1)%
       
*Total system includes scheduled service, fixed fee contract and non-revenue flying.
   
Preliminary Financial Results
   
  Change
February 2011 actual year-over-year   
scheduled revenue per ASM (RASM) change 13.9%
February 2011 actual year-over year   
scheduled total revenue per ASM (TRASM) change 12.5%
   
March 2011 estimated year-over-year RASM change 18.1 – 18.5%
March 2011 estimated year-over-year TRASM change 16.3 – 16.7%
   
March 2011 estimated average fuel cost per gallon – system $3.14
March 2011 estimated average fuel cost per gallon – scheduled $3.38
   
1Q11 estimated year-over-year RASM change  12.9 – 13.3%
1Q11 estimated year-over-year TRASM change 11.0 – 11.4%
   
1Q11 estimated average fuel cost per gallon – system $2.87
1Q11 estimated average fuel cost per gallon – scheduled $3.11
   
Guidance
 
Capacity guidance, subject to revision Year over Year Growth
  Departures ASMs
April 2011    
 Scheduled (2)% (2)%
     
2nd  Quarter 2011    
 System (4) to 0% (4) to 0%
 Scheduled (5) to (1)% (6) to (2)%
     
3 rd Quarter 2011    
 System (4) to 0% (4) to 0%
 Scheduled (8) to (4)% (6) to (2)%
     
ASMs – Available seat miles    
   
Cost and revenue guidance, subject to revision  
   
Cost guidance  
  1st Quarter 2011
Cost per available seat mile excluding fuel – year over year growth +9.6 to 10%
   
Fixed fee and other revenue guidance  
  1st Quarter 2011
Fixed fee revenue and other revenue (millions) $10 -- $12

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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