Allegiant Reports October 2010 Traffic

Second Highest Unit Revenue Increase of Year

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Nov 03, 2010, 09:40 ET

LAS VEGAS, Nov. 3, 2010 /PRNewswire-FirstCall/ -- Allegiant Travel Company (Nasdaq: ALGT), today reported preliminary passenger traffic results for October 2010.

Scheduled Service

	Oct. 2010	Oct. 2009	Change
Passengers	386,101	319,980	20.7%
Revenue passenger miles (000)	352,256	296,334	18.9%
Available seat miles (000)	390,912	330,902	18.1%
Load factor	90.1%	89.6%	0.5 pts
Departures	2,905	2,433	19.4%
Average stage length (miles)	897	907	(1.1%)


	YTD 2010	YTD 2009	Change
Passengers	4,700,250	4,115,357	14.2%
Revenue passenger miles (000)	4,372,959	3,720,376	17.5%
Available seat miles (000)	4,807,563	4,114,642	16.8%
Load factor	91.0%	90.4%	0.6 pts
Departures	35,126	31,078	13.0%
Average stage length (miles)	913	884	3.3%


Total System*

	Oct. 2010	Oct. 2009	Change
Passengers	413,694	359,084	15.2%
Revenue passenger miles (000)	374,931	325,088	15.3%
Available seat miles (000)	434,206	381,156	13.9%
Load factor	86.3%	85.3%	1.0 pts
Departures	3,425	3,079	11.2%
Average stage length (miles)	852	832	2.4%

	YTD 2010	YTD 2009	Change
Passengers	4,953,099	4,467,245	10.9%
Revenue passenger miles (000)	4,592,835	3,962,857	15.9%
Available seat miles (000)	5,238,949	4,533,186	15.6%
Load factor	87.7%	87.4%	0.3 pts
Departures	40,250	36,745	9.5%
Average stage length (miles)	874	830	5.3%

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

Preliminary Financial Results

	Change
September 2010 actual year-over-year
scheduled revenue per ASM (RASM) change	(1.7)%
September 2010 actual year-over year
scheduled total revenue per ASM (TRASM) change	(2.1)%

October 2010 estimated year-over-year RASM change	10.4 – 10.6%
October 2010 estimated year-over-year TRASM change	9.9 – 10.1%

October 2010 estimated average fuel cost per gallon – system	$2.38
October 2010 estimated average fuel cost per gallon – scheduled	$2.51

Capacity Guidance


Guidance, subject to revision	Year over Year Growth
	Departures	ASMs
November 2010
Scheduled	+11%	+10%

4th Quarter 2010
System	+8 – 10%	+10 – 12%
Scheduled	+13 – 15%	+13 – 15%

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

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 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