Market Overview

Allegiant Reports October 2012 Traffic

LAS VEGAS, Nov. 5, 2012 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq: ALGT) today reported preliminary passenger traffic results for October 2012.

 
Scheduled Service
       
  Oct 2012 Oct 2011 Change
Passengers 475,671 415,031 14.6%
Revenue passenger miles (000) 443,893 375,114 18.3%
Available seat miles (000) 503,507 413,093 21.9%
Load factor 88.2% 90.8% (2.6)pts
Departures 3,331 3,074 8.4%
Average stage length (miles) 911 883 3.2%
       
Total System*
       
  Oct 2012 Oct 2011 Change
Passengers 510,284 456,464 11.8%
Revenue passenger miles (000) 469,029 406,420 15.4%
Available seat miles (000) 548,741 467,194 17.5%
Load factor 85.5% 87.0% (1.5)pts
Departures 3,916 3,764 4.0%
Average stage length (miles) 854 822 3.9%
       
            *Total system includes scheduled service, fixed fee contract and non-revenue flying.      
 
  Preliminary Financial Results
 
  Change
September 2012 actual year-over-year  
Scheduled revenue per scheduled ASM (PRASM) change (16.7)%
September 2012 actual year-over-year  
Scheduled total revenue per scheduled ASM (TRASM) change (7.7)%
   
October 2012 estimated year-over-year PRASM change  (13.0)% to (12.6)%
October 2012 estimated year-over-year TRASM change (5.1)% to (4.7)%
   
  $ per gallon
October 2012 estimated average fuel cost per gallon – system $3.27
October 2012 estimated average fuel cost per gallon – scheduled $3.50
   
   
   
Guidance  
   
Capacity guidance, subject to revision Year over Year Growth
  Departures ASMs
November 2012    
 Scheduled 11% 28%
     
4th Quarter 2012    
 System +3 to 7% +17 to 21%
 Scheduled +6 to 10% +21 to 25%
     
1st Quarter 2013    
 System (8) to (4)% +12 to 16%
 Scheduled (2) to 2% +15 to 19%
     
ASMs – Available seat miles    

Allegiant, 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 has been named one of America's 100 Best Small Companies by Forbes Magazine for four consecutive years. For downloadable press kit, including photos, visit: http://gofly.us/SQmY7O.

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: Brian Davis e-mail: mediarelations@allegiantair.com Investor Inquiries: Chris Allen e-mail:ir@allegiantair.com

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