Allegiant Reports November 2010 Traffic

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Dec 06, 2010, 11:55 ET

LAS VEGAS, Dec. 6, 2010 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT), today reported preliminary passenger traffic results for November 2010.

Scheduled Service

	Nov. 2010	Nov. 2009	Change
Passengers	416,761	374,476	11.3%
Revenue passenger miles (000)	381,883	350,505	9.0%
Available seat miles (000)	424,003	387,914	9.3%
Load factor	90.1%	90.4%	(0.3) pts
Departures	3,127	2,805	11.5%
Average stage length (miles)	904	922	(2.0%)


	YTD 2010	YTD 2009	Change
Passengers	5,117,011	4,489,833	14.0%
Revenue passenger miles (000)	4,754,843	4,070,881	16.8%
Available seat miles (000)	5,231,566	4,502,556	16.2%
Load factor	90.9%	90.4%	0.5 pts
Departures	38,253	33,883	12.9%
Average stage length (miles)	912	887	2.8%

Total System*

	Nov. 2010	Nov. 2009	Change
Passengers	443,237	408,658	8.5%
Revenue passenger miles (000)	404,747	376,607	7.5%
Available seat miles (000)	468,292	435,234	7.6%
Load factor	86.4%	86.5%	(0.1) pts
Departures	3,637	3,387	7.4%
Average stage length (miles)	865	862	0.4%

	YTD 2010	YTD 2009	Change
Passengers	5,396,336	4,875,903	10.7%
Revenue passenger miles (000)	4,997,582	4,339,464	15.2%
Available seat miles (000)	5,707,241	4,968,419	14.9%
Load factor	87.6%	87.3%	0.3 pts
Departures	43,887	40,132	9.4%
Average stage length (miles)	873	832	4.9%

*Total system includes scheduled service, fixed fee contract and non-revenue flying.

Preliminary Financial Results

	Change
October 2010 actual year-over-year scheduled revenue per ASM (RASM) change	10.6%
October 2010 actual year-over year scheduled total revenue per ASM (TRASM) change	10.0%

November 2010 estimated year-over-year RASM change	10.4 – 10.7%
November 2010 estimated year-over-year TRASM change	8.8 – 9.1%

November 2010 estimated average fuel cost per gallon – system	$2.47
November 2010 estimated average fuel cost per gallon – scheduled	$2.62

Capacity Guidance

Guidance, subject to revision	Year over Year Growth
	Departures	ASMs
December 2010
Scheduled	+14%	+14%

1st Quarter 2011
System	+4 - 7%	+4 - 7%
Scheduled	+4 - 7%	+4 - 7%

2nd Quarter 2011
System	+5 - 9%	+5 - 9%
Scheduled	+5 - 9%	+6 - 9%

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 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 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.allegiant.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 t he words "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.

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SOURCE Allegiant Travel Company