01 Aug 2011

ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2011 FINANCIAL RESULTS

By Kristine Shattuck-Cooper

ALLEGIANT TRAVEL COMPANY

SECOND QUARTER 2011 FINANCIAL RESULTS

34th Consecutive Profitable Quarter

Fully Diluted Earnings per Share of $.62

Las Vegas, Nev., August 1, 2011 /GLOBE NEWSWIRE/ - Allegiant Travel Company (NASDAQ: ALGT) today reported the following financial results for the 2^nd quarter 2011 and comparisons to prior year equivalents:

Unaudited	2Q11	2Q10	Change
Total operating revenue (millions)	$200.4	$168.4	19.1%
Operating income (millions)	$20.7	$28.1	(26.2)%
Operating margin	10.3%	16.7%	-6.4pp
EBITDA (millions)	$30.9	$36.5	(15.3)%
EBITDA margin	15.4%	21.7%	-6.3pp
Net income (millions)	$11.9	$17.6	(32.0)%
Diluted earnings per share	$0.62	$0.87	(28.7)%

Scheduled Service:
Average fare - scheduled service	$91.17	$73.15	24.6%
Average fare - ancillary air-related charges	$31.45	$29.61	6.2%
Average fare - ancillary third party products	$5.68	$4.87	16.6%
Average fare - total	$128.30	$107.63	19.2%
Scheduled service passenger revenue per ASM (PRASM)(cents)	9.27	7.27	27.5%
Total scheduled service revenue per ASM (TRASM) (cents)	13.04	10.70	21.9%
Load factor	92.0%	91.8%	0.2pp

Total System*:
Operating expense per passenger	$115.24	$90.96	26.7%
Operating expense per passenger, excluding fuel	$59.81	$50.61	18.2%
Operating expense, excluding fuel per ASM (CASM ex fuel) (cents)	5.92	4.87	21.6%

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

"We are very proud to report our 34^th consecutive profitable quarter," stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. "I'd like to thank our Team Members for their great efforts and contributions to another successful quarter.

"Revenues have been very strong. Scheduled service revenues were up almost 24% versus 2^nd quarter 2010 despite a reduction in capacity. The $19 increase in revenue per passenger more than offset the $15 per passenger increase in fuel cost during the quarter.

"We are also very excited about the addition of the first 757 to our operating certificate, which occurred on July 1. We recently began operating this 217 seat aircraft on two of our Las Vegas routes, McAllen, Texas and Rockford, Illinois and have been receiving excellent feedback from our customers. Having the additional seats during the peak summer travel period is proving to be quite valuable. We are now working on preparing our application to the FAA for obtaining the requisite ETOPS approvals we need in order to commence Hawaii flights which we hope to be able to begin next summer.

"The introduction of the 757, our Hawaii expansion and the previously announced MD-80 seat expansion projects are all important to the company and we are excited to see progress on all fronts. Our Team Members have been working diligently to complete these product additions as well as continue to provide our customers with low cost access to our world class destinations," concluded Gallagher.

Andrew C. Levy, President of Allegiant Travel Company, stated, "We are very pleased with our revenue performance during the 2^nd quarter. We produced the highest total fare in our company's history, driven by increases in the base air fare, and both air-related and third party ancillary revenues. A 2.6% reduction in capacity was a key factor enabling this strong revenue performance. We have again proven we can thrive during periods of high fuel price volatility if we are prudent in how we allocate our capacity.

"Strength in revenue has continued as we enter this 3^rd quarter, again aided by a tight capacity plan. Capacity this quarter will be lower as compared with the 3^rd quarter of 2010 and we again expect to post substantial increases in unit revenues as more fully described in the guidance section later in the release.

"Our current plan for the 4^th quarter shows slight growth in capacity, mostly attributable to having a full quarter flying our first 757 as well as a small contribution from the presence of some re-configured MD-80 aircraft with 166 seats in the operating fleet.

"Finally, we again experienced strong growth in our third party ancillary revenue primarily resulting from greater volume and yield in hotel room sales. Room nights grew over 12% versus the 2^nd quarter last year, with almost half of the increase generated away from our traditionally strong Las Vegas market. Growth in the third party segment is a high priority and we continue to make investments in management and technology to further that goal," concluded Levy.

Supplemental Ancillary Revenue Information (unaudited)	2Q11	2Q10	Change
Gross ancillary revenue - third party products (000)	$29,547	$25,859	14.3%
Cost of goods sold (000)	($20,046)	($17,609)	13.8%
Transaction costs (a) (000)	($1,210)	($1,098)	10.2%
Ancillary revenue - third party products (000)	$8,291	$7,152	15.9%
As percent of gross	28.1%	27.7%	0.4pp
As percent of income before taxes	43.9%	25.7%	18.2pp
Ancillary revenue - third party products/scheduled passenger	$5.68	$4.87	16.6%

(a) includes credit card fees and travel agency commissions

Scott Sheldon, SVP and CFO of Allegiant Travel Company, stated, "During the 2^nd quarter, we experienced a 27% increase in unit costs - cost per passenger was $115.24 compared with $90.96 in the 2^nd quarter 2010 - but the results were as projected. Fuel costs per passenger were 37% higher, and non-fuel per passenger costs were up by 18% or slightly more than $9.

"The increase in non-fuel unit costs was mostly due to reduced fleet utilization and $4.8 million of special items or $3.08 per passenger. These expenses included 757 pre-operating costs, manual integrations, the retirement of one MD-87 and the write down and impairment charges related to our engine consignment program. The increase in non-fuel per passenger costs would have been only $3.30 or 6.5% excluding these special items and if fleet utilization had remained unchanged on a year over year basis.

"Apart from fuel, we experienced the most unit cost pressure in the maintenance area due to the execution of our engine overhaul and repair strategy as we have described in the past. We continue to project expenses between $20 and $25 million in 2011 for the overhaul of 30 to 35 engines, but the majority of these expenditures will occur in the 3^rd and 4^th quarters of this year.

"While our full year 2011 engine operating expense projection remains unchanged, we have increased our projection for total cash outlays. We now expect to increase our capital expenditures to take advantage of current opportunities in the secondary engine market which will replenish our engine sparing levels and enable us to better manage the timing and costs associated with major engine overhaul events in the future. Please see the table below for more detailed information on this area.

Time period	Total engine cash outlay (millions) Cap ex + Op ex	Maintenance expense per aircraft per month (thousands) Op ex only
2009	$11.9	$103
2010	$11.0	$103
Q3 2011 est	$20 - $25	$120 - $130
Q4 2011est	$10 - $15	$125 - $135
FY 2011 est.	$45 - $55	$120 - $125
FY 2012 est.	$15 - $25	$95 - $105

"Lastly, our unrestricted cash balance (including short term investments) grew slightly during the 2^nd quarter to $317 million, up $11 million from the end of the 1^st quarter. During the quarter, we repurchased approximately 34,300 shares for $1.6 million and we currently have $44.9 million in remaining board authorized authority," concluded Sheldon.

Unaudited (millions)	6/30/11	12/31/10	Change
Unrestricted cash (including short term investments)	$317.3	$150.3	111.1%
Unrestricted cash net of air traffic liability	175.4	48.9	258.7%
Total debt	142.3	28.1	406.4%
Total shareholders equity	328.3	297.7	10.3%

	Six months ended June 30,
Unaudited (millions)	2011	2010	Change
Capital expenditures - year to date	$51.2	$63.3	(19.1)%

At this time, Allegiant Travel Company provides the following guidance to investors, subject to revision.

*Guidance, subject to revision*
Revenue guidance	July 2011	3^rd quarter 2011
Estimated PRASM year-over-growth	+22 to 24%	+19 to 21%
Capacity guidance
System	3^rd quarter 2011	4^th quarter 2011	Full year 2011
Departure year-over-year growth	(5) to (1)%	+4 to 8%	0 to +4%
ASM year-over-year growth	(5) to (1)%	+5 to 9%	0 to +4%
Scheduled
Departure year-over-year growth	(8) to (4)%	+1 to 5%	0 to +4%
ASM year-over-year growth	(5) to (1)%	+4 to 8%	0 to +4%

Cost guidance	3^rd quarter 2011		Full year 2011
CASM ex fuel - year over year growth	+14 to 16%		+10 to 12%

Fixed fee and other revenue guidance	3^rd quarter 2011
Fixed fee revenue and other revenue (millions)	$11 to $13

CASM ex fuel - cost per available seat mile excluding fuel expense

An operating fleet of 51 MD-80 and one 757 aircraft through the 3^rd quarter of 2011.
2011 capital expenditures of approximately $140 million.

Allegiant Travel Company will host a conference call with analysts at 4:30 East Coast time today, August 1^st, 2011, to discuss its 2^nd quarter 2011 financial results. A live broadcast of the conference call will be available via the Company's Investor Relations website homepage at http://ir.allegiant.com. The webcast will also be archived in the "Events & Presentations" section of the website.

About the Company

Las Vegas-based Allegiant Travel Company (NASDAQ: ALGT) is focused on linking travelers in small cities to major leisure destinations such as Las Vegas, Orlando, Fla., Tampa/St. Petersburg, Fla., Phoenix-Mesa, Los Angeles and Fort Lauderdale, 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. ALGT/G

Media Inquiries: Jordan McGee +1-702-589-7260
mediarelations@allegiantair.com
Investor Inquiries: Chris Allen +1-702-851-7365
ir@allegiantair.com

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 unit revenue, future maintenance expenses, future operating expense, our ability to obtain regulatory approval to operate our 757 aircraft in extended overwater operations, our expected progress on reconfiguration of our MD-80 aircraft, ASM growth, departure growth, fleet growth, fixed-fee and other revenues and expected capital expenditures, as well as other information concerning future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. 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 "believe," "expect," "guidance," "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. These risk factors include, without limitation, the effect of the economic downturn on leisure travel, increases in fuel prices, terrorist attacks, risks inherent to airlines, demand for air services to our leisure destinations from the markets served by us, our ability to implement our growth strategy, unionization efforts, our dependence on our leisure destination markets, our ability to add, renew or replace gate leases, our competitive environment, problems with our aircraft, dependence on fixed fee customers, our reliance on our automated systems, economic and other conditions in markets in which we operate, aging aircraft and other governmental regulation, increases in maintenance costs and cyclical and seasonal fluctuations in our operating results.

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.

Detailed financial information follows:

Allegiant Travel Company

Consolidated Statements of Income

Three Months Ended June 30, 2011 and 2010

(in thousands, except per share amounts)

(Unaudited)

	Three months ended June 30,		Percent
	2011	2010	change
OPERATING REVENUE:
Scheduled service revenue	$133,309	$107,452	24.1
Ancillary revenue:
Air-related charges	45,991	43,501	5.7
Third party products	8,291	7,152	15.9
Total ancillary revenue	54,282	50,653	7.2

Fixed fee contract revenue	9,470	9,903	(4.4)
Other revenue	3,388	342	890.6
Total operating revenue	200,449	168,350	19.1

OPERATING EXPENSES:
Aircraft fuel	86,454	62,222	38.9
Salary and benefits	29,884	26,764	11.7
Station operations	16,553	15,493	6.8
Maintenance and repairs	20,132	14,669	37.2
Sales and marketing	5,407	4,118	31.3
Aircraft lease rentals	330	571	(42.2)
Depreciation and amortization	10,156	8,351	21.6
Other	10,821	8,081	33.9
Total operating expenses	179,737	140,269	28.1

OPERATING INCOME	20,712	28,081	(26.2)
As a percent of total operating revenue	10.3%	16.7%
OTHER (INCOME) EXPENSE:
Earnings from unconsolidated affiliates, net	(20)	(33)	(39.4)
Interest income	(386)	(344)	12.2
Interest expense	2,235	655	241.2
Total other (income) expense	1,829	278	557.9

INCOME BEFORE INCOME TAXES	18,883	27,803	(32.1)
As a percent of total operating revenue	9.4%	16.5%

PROVISION FOR INCOME TAXES	6,934	10,241	(32.3)

NET INCOME	$11,949	$17,562	(32.0)
As a percent of total operating revenue	6.0%	10.4%

Earnings per share to common stockholders (1):
Basic	$0.63	$0.88	(28.4)
Diluted	$0.62	$0.87	(28.7)

Weighted average shares outstanding used in computing earnings per share to common stockholders (1):
Basic	18,931	19,805	(4.4)
Diluted	19,131	20,170	(5.2)

(1) The Company's unvested restricted stock awards are considered participating securities as they receive non-forfeitable rights to cash dividends at the same rate as common stock. The Basic and Diluted earnings per share for the periods presented reflect the two-class method mandated by accounting guidance for the calculation of earnings per share. The two-class method adjusts both the net income and shares used in the calculation. Application of the two-class method did not have a significant impact on the Basic and Diluted earnings per share for the periods presented.

Allegiant Travel Company

Operating Statistics

Three Months Ended June 30, 2011 and 2010

(Unaudited)

	Three months ended June 30,		Percent
	2011	2010	change*
OPERATING STATISTICS
Total system statistics
Passengers	1,559,619	1,542,110	1.1
Revenue passenger miles (RPMs) (thousands)	1,401,610	1,418,387	(1.2)
Available seat miles (ASMs) (thousands)	1,576,791	1,601,126	(1.5)
Load factor	88.9%	88.6%	0.3
Operating revenue per ASM (cents)	12.71	10.51	20.9
Operating expense per ASM (CASM) (cents)	11.40	8.76	30.1
Fuel expense per ASM (cents)	5.48	3.89	40.9
Operating CASM, excluding fuel (cents)	5.92	4.87	21.6
Operating expense per passenger	$115.24	$90.96	26.7
Fuel expense per passenger	$55.43	$40.35	37.4
Operating expense per passenger, excluding fuel	$59.81	$50.61	18.2
Departures	12,430	12,364	0.5
Block hours	28,277	28,619	(1.2)
Average stage length (miles)	848	869	(2.4)
Average number of operating aircraft during period	51.0	47.9	6.5
Total aircraft in service at period end	51	50	2.0
Average departures per aircraft per day	2.7	2.8	(3.6)
Average block hours per aircraft per day	6.1	6.6	(7.6)
Full-time equivalent employees at period end	1,559	1,639	(4.9)
Fuel gallons consumed (thousands)	26,868	27,315	(1.6)
Average fuel cost per gallon	$3.22	$2.28	41.2

Scheduled service statistics
Passengers	1,462,126	1,468,939	(0.5)
Revenue passenger miles (RPMs) (thousands)	1,323,051	1,356,693	(2.5)
Available seat miles (ASMs) (thousands)	1,438,659	1,477,455	(2.6)
Load factor	92.0%	91.8%	0.2
Departures	10,789	10,824	(0.3)
Average passengers per departure	136	136	-
Block hours	25,470	25,953	(1.9)
Yield (cents)	10.08	7.92	27.3
Scheduled service revenue per ASM (PRASM) (cents)	9.27	7.27	27.5
Total ancillary revenue per ASM (cents)	3.77	3.43	9.9
Total scheduled service revenue per ASM (TRASM) (cents)	13.04	10.70	21.9
Average fare - scheduled service	$91.17	$73.15	24.6
Average fare - ancillary air-related charges	$31.45	$29.61	6.2
Average fare - ancillary third party products	$5.68	$4.87	16.6
Average fare - total	$128.30	$107.63	19.2
Average stage length (miles)	889	910	(2.3)
Fuel gallons consumed (thousands)	24,329	24,756	(1.7)
Average fuel cost per gallon	$3.47	$2.42	43.4
Percent of sales through website during period	87.9%	88.3%	(0.4)

* except load factor and percent of sales through website, which is percentage point change

Allegiant Travel Company

Consolidated Statements of Income

Six Months Ended June 30, 2011 and 2010

(in thousands, except per share amounts)

(Unaudited)

	Six months ended June 30,		Percent
	2011	2010	change
OPERATING REVENUE:
Scheduled service revenue	$261,842	$217,886	20.2
Ancillary revenue:
Air-related charges	91,307	86,151	6.0
Third party products	15,280	12,094	26.3
Total ancillary revenue	106,587	98,245	8.5

Fixed fee contract revenue	21,492	21,170	1.5
Other revenue	3,759	686	448.0

26 Jul 2011

Braley Announces New Train Set for Dubuque Intercity Rail Line

By Alexandra Krasov

Washington, DC - Today, Congressman Bruce Braley (IA-01) announced that Dubuque, Iowa will receive a new intercity passenger train set from the $268 million in passenger rail funds awarded to six Midwestern states earlier this year.

"This train set will provide better service for thousands of passengers on the Dubuque to Chicago line," said Rep. Braley. "Passenger rail is critical to the continued economic development of the region. This is one more step to create jobs in the short term and put Iowa's economy back on track."

The award allowed for the purchase of 7 train sets for 8 corridors in Iowa, Illinois, Indiana, Missouri, Michigan and Wisconsin. These new trains sets will be able to travel up to speeds of 125 mph to comply with the PassengerRail Investment and Improvement Act of 2008. The new equipment is set to replace aging Amtrak equipment and increase capacity, improve operational reliability and reduce operating costs.

###

22 Jul 2011

Braley Announces $131,100 for Independence Airport

By Alexandra Krasov

Washington, DC - Today, Congressman Bruce Braley (IA-01) announced a $131,100 grant for the City of Independence. The grant will go towards buying new snow removalequipment for the Independence Municipal Airport.

"This grant money will help the Independence airport ensure the safety of passengers and employees," Rep. Braley said. "Whether traveling for business or family vacation, Iowans rely on their community airports to be safe, secure and reliable. It's critical we give Iowa's airports the tools they need to prepare for all weather conditions and provide the safest and most efficient service to their customers."

The federal grant isdistributed through the Federal Aviation Administration (FAA).

###

18 Jul 2011

Vacationing on a Shoestring

By Joy Venhorst

When the days get longer and the weather gets warmer, many people want to take a break from their normal routine. Whether you're planning a week-long vacation or long weekend, planning a fun getaway doesn't have to be expensive. It is possible to take a vacation even during tough economic times. Below are some tips to save money on summer vacations:

• Start your planning with vacation goals and a budget. What would you like to do during your vacation? Relax on a beach or "see the sights" somewhere? The destination, planned activities, and length of a vacation will greatly affect the cost.

• To reduce the cost of vacation meals on road trips, plan to eat only one meal out a day, if possible. Pack foods such as granola bars, canned or dried fruits, and canned juices for breakfast, or select hotels that include a free continental breakfast. Many resorts and hotels offer deals (e.g., free breakfast, free Internet access, amusement park discounts, etc.) to attract visitors, especially in tough economic times.

• Another alternative is to pack some food in a cooler (or buy it when you arrive at your destination), and stay at hotels with a refrigerator and/or microwave oven in the room. The availability of a refrigerator and microwave lets you bring home "doggie bags" from a restaurant or order take-out food rather than a sit-down meal. Pack a few re-sealable food storage bags or plastic containers in your luggage.

• To keep food and beverages cold, freeze water in a cleaned milk jug. The frozen water will thaw slower than ice cubes, take up less space in a cooler, and keep things dry.

• On days that you must eat a meal out, consider dining out at lunchtime rather than dinner as the cost is often less. Beverages can add to the cost, so consider sticking with complimentary water. Consider sharing an entree, but check first to see if there is an additional charge for shared meals. Also, rather than order individual desserts at a restaurant, you may want to decide together on a shared dessert item such as a pie you can pick up at the supermarket to enjoy afterward.

• Additionally, some people save money by sharing vacation spots and expenses (including food) with family and/or friends, such as renting a multi-room condo or cottage and sharing the cost.

• In some areas, entertainment books or tourist guidebooks are full of coupons to save money on food such as buy-one/get-one-free meals or $5 off a meal for two.

• Look for deals on airfare through Web sites such as www.kayak.com or from the "last minute deals" links on airline Web sites. Cheaper modes of travel may be to drive your own car or a rental car or take a train or bus if your destination is fairly close. Amtrak offers discounts on train fare to AAA members who book their trips in advance. College students may qualify for discounted airfares on Web sites like www.studentuniverse.com.

• If money is tight, become a "local tourist." Visit your home county and/or state historical sites and learn about your heritage. Plan "daycations" (i.e., inexpensive one-day trips) and "staycations" (i.e., vacations at or near home) in lieu of vacation travel to distant areas. Focus on doing fun things together as a family or group of friends, no matter where the location.

• Look for discounts at resorts, theme parks, plays, museums, etc. Especially during economic downturns, entertainment providers may offer "deals" to attract customers.

• Shop around each time you take a vacation. Compare at least 3 competing product and service providers; e.g., car rental companies. Remember that, just because one company had the best deals once, doesn't mean that they always will.

• Make friends with "pet-friendly" neighbors. Trading pet-sitting services will eliminate the cost of kenneling a pet from your vacation budget.

-30-

11 Jul 2011

Governor Signs Legislation to Boost Electric Vehicle Usage in Illinois

By Andrew Mason

Laws Will Help Car-Sharing Organizations to Purchase Electric Vehicles; Explore Ways to Increase Electric Vehicles Usage

CHICAGO - July 9, 2011. Governor Pat Quinn today signed two bills into law that will encourage greater use of electric vehicles in Illinois. Together, these new laws will promote the use of energy efficient vehicles, help reduce emissions produced by gasoline-powered vehicles, and support the development of advanced electric vehicle technology.

"We must do everything we can to encourage sustainable and affordable transportation," said Governor Quinn. "By expanding the use of electric cars, we are creating high-tech jobs, saving consumers money and protecting our environment."

House Bill 2903, sponsored by Rep. Ann Williams (D-Chicago) and Sen. Heather Steans (D-Chicago), establishes a grant program that will help eligible car-sharing organizations purchase and use electric cars in their fleets. Car-sharing organizations are membership-based services that allow members to drive cars by the hour, which takes cars off of the roads and benefits our environment.

The new law authorizes the Illinois Environmental Protection Agency (IEPA) to make grants of up to 25 percent of a project's total cost to eligible car-sharing organizations for the purchase of electric vehicles for their fleets. These vehicles must be registered in Illinois, and remain registered in Illinois for at least five years after the purchase. House Bill 2903 takes effect immediately.

The grants will be funded through the Alternate Fuels Fund, which currently provides rebates to Illinois vehicle owners who use renewable fuels, such as 85 percent ethanol blend fuel, or up to $4,000 for the cost of certain electric-powered vehicles. For more information regarding the fund, visit www.illinoisgreenfleets.org.

"Promoting the use of electric cars boosts our efforts to encourage the use of alternate fuels, which will help improve our environment for years to come," said IEPA Interim Director Lisa Bonnett.

House Bill 2902, sponsored by Rep. Williams and Sen. Susan Garrett (D-Chicago), creates the Illinois Electric Vehicle Advisory Council, which will explore and recommend strategies to encourage the use of electric vehicles. The new law takes effect immediately.

"This package of bills is designed to promote and expedite the continued development of the electric car industry in Illinois. We are making important strides forward by increasing the number of environmentally-friendly transportation options for the average Illinoisan," said Rep. Williams. "This is really just the beginning."

###

08 Jul 2011

ALLEGIANT REPORTS JUNE 2011 TRAFFIC

By Jordan McGee

Las Vegas, July 7 2011/ GLOBENEWSWIRE -- Allegiant Travel Company (NASDAQ:ALGT) today reported preliminary passenger traffic results for June 2011.

Scheduled Service

June 2011 June 2010 Change

Passengers 540,769 528,187 2.4%

Revenue passenger miles (000) 483,644 479,889 0.8%

Available seat miles (000) 523,523 516,712 1.3%

Load factor 92.4% 92.9% (.5) pts

Departures 3,981 3,867 2.9%

Average stage length (miles) 877 891 (1.6)%

June 2011 June 2010 Change

Passengers 1,462,126 1,468,939 (0.5)%

Revenue passenger miles (000) 1,323,051 1,356,693 (2.5)%

Available seat miles (000) 1,438,659 1,477,455 (2.6)%

Load factor 92.0% 91.8% .2 pts

Departures 10,789 10,824 (0.3)%

Average stage length (miles) 889 910 (2.3)%

Total System*

June 2011 June 2010 Change

Passengers 574,799 553,780 3.8%

Revenue passenger miles (000) 509,834 502,812 1.4%

Available seat miles (000) 570,254 559,377 1.9%

Load factor 89.4% 89.9% (.5) pts

Departures 4,557 4,382 4.0%

Average stage length (miles) 836 857 (2.4)%

June 2011 June 2010 Change

Passengers 1,559,619 1,542,110 1.1%

Revenue passenger miles (000) 1,401,610 1,418,387 (1.2)%

Available seat miles (000) 1,576,791 1,601,126 (1.5)%

Load factor 88.9% 88.6% .3 pts

Departures 12,430 12,364 0.5%

Average stage length (miles) 848 869 (2.4)%

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

Preliminary Financial Results

Change

May 2011 actual year-over-year

scheduled revenue per ASM (PRASM) change 35.0%

May 2011 actual year-over year

scheduled total revenue per ASM (TRASM) change 27.1%

June 2011 estimated year-over-year PRASM change 24.3 to 24.7%

June 2011 estimated year-over-year TRASM change 18.5 to 18.9%

June 2011 estimated average fuel cost per gallon - system $3.16

June 2011 estimated average fuel cost per gallon - scheduled $3.39

2Q11 estimated year-over-year PRASM change 27.0 to 27.4%

2Q11 estimated year-over-year TRASM change 21.4 to 21.8%

2Q11 estimated average fuel cost per gallon - system $3.22

2Q11 estimated average fuel cost per gallon - scheduled $3.46

Guidance

Capacity guidance, subject to revision	Year over Year Growth
	Departures	ASMs
July 2011
Scheduled	(4)%	(1)%

3^rd Quarter 2011
System	(7) to (3)%	(5) to (1)%
Scheduled	(8) to (4)%	(5) to (1)%

4^th Quarter 2011
System	+3 to 7%	+5 to 9%
Scheduled	+1 to 5%	+5 to 9%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision

Cost guidance
	2^nd Quarter 2011
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year growth	+21 to 23%

Fixed fee and other revenue guidance
	2^nd Quarter 2011
Fixed fee revenue and other revenue (millions)	$11 to $13

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

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.

###

08 Jul 2011

Governor Quinn Signs Major Mass Transit Reform Legislation

By Laurel White

Improvements Require Universal Fare System and Web-Based Tracking,

Move Towards Free Wireless Internet and AEDs on Public Transportation

CHICAGO - July 7, 2011. Governor Pat Quinn today signed legislation to reform mass transit in the Chicago region by creating a universal fare card for riders of the CTA, Metra and Pace, and taking the first step towards making free wireless internet available on buses and trains throughout the region. The new law also requires Metra to provide web-based, real-time train arrival information, and lays the groundwork for the installation of automated external defibrillators (AEDs) on Metra passenger trains.

"Millions of Illinoisans use buses and trains every day to get to work and school, or to enjoy everything the Chicago area has to offer," said Governor Quinn. "These improvements will make public transit a more robust and convenient travel option, boosting economic development and increasing access to schools and universities throughout the region."

House Bill 3597 requires the Regional Transportation Authority (RTA) to implement a universal fare card system for the CTA, Metra and Pace by 2015. A universal fare card would ensure fast and easy access to all forms of public transportation in the region by allowing seamless transfers between transit systems.

The legislation also takes an important first step towards making free wireless internet available to CTA, Metra, and Pace riders. Under the new law, the RTA will conduct a study to determine the feasibility of providing free Wi-Fi for laptop and mobile device users on buses and trains throughout the Chicago region.

The new law requires the RTA to conduct a report on the feasibility of installing AEDs on Metra trains. User-friendly defibrillators can be used in the event of cardiac arrest and gives members of the public the ability to attempt to resuscitate a victim before responders are able to arrive.

Under the new law, all fixed-route transit in the Chicago area will be required to provide web-based, on-time arrival information by July 1, 2012. While the CTA currently provides this information, users of the other transit systems are often out of luck. The new law will ensure that riders of all of the region's transit systems will have access to critical on-time data that improves the ease of traveling by bus or rail.

The new law was sponsored by Chicago Alderman Will Burns during his time as state representative, and State Senator Kwame Raoul (D-Chicago).

"Reliable, robust and convenient public transportation is the key to many of our most important priorities, especially economic development and education," said Ald. Burns. "Everything we can do to have our transit systems work together to improve their service is a step towards a better quality of life for everyone."

House Bill 3597 passed the Illinois General Assembly unanimously and takes effect immediately.

###

07 Jul 2011

Allegiant Schedules Second Quarter 2011 Earnings Call

By Kristine Shattuck-Cooper

LAS VEGAS, July 6, 2011 (GLOBE NEWSWIRE) -- Allegiant Travel Company (NASDAQ: ALGT) has scheduled its second quarter 2011 financial results conference call for July 28, 2011, at 4:30 p.m. (Eastern). A live broadcast of the conference call will be available through the company's Investor Relations website homepage at http://ir.allegiant.com. The webcast will also be archived on the "Events & Presentations" section of the site.

               When:     Thursday, July 28, 2011, at 4:30 p.m. (Eastern)

               Who:       Maurice J. Gallagher Jr., Chairman and Chief Executive Officer

                             Andrew C. Levy, President

                             Scott Sheldon, Chief Financial Officer

               How:       Web Address: http://ir.allegiant.com

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.

Media Inquiries: Kristine Shattuck-Cooper: 1-702-853-4625

mediarelations@allegiantair.com

Investor Inquiries: Christopher Allen: 1-702-851-7365

ir@allegiantair.com

07 Jul 2011

ALLEGIANT RECEIVES APPROVAL FROM FAA TO OPERATE BOEING 757 AIRCRAFT TYPE

By Kristine Shattuck-Cooper

LAS VEGAS - Allegiant (NASDAQ: ALGT) has obtained approval from the Federal Aviation Administration (FAA) to begin operating the Boeing 757-200 aircraft type.

"This is an important day for Allegiant," Andrew C. Levy, Allegiant Travel Company President, said. "The addition of the Boeing 757-200 will play an important role in our company's future growth. Our operations team worked long and hard to ensure the completion of this certification and we thank them for their dedication in achieving this important goal."

Allegiant's operating fleet now consists of 51 MD-80 aircraft and one Boeing 757-200 aircraft. The company owns three additional 757-200 aircraft, which are being leased to two European carriers until mid-2012. Allegiant has committed to the purchase of two additional 757-200s, which is expected to occur during the fourth quarter of 2011. These aircraft are expected to be introduced into Allegiant's fleet during the first quarter of 2012.

The Boeing 757-200 is a narrow body, twin-engine, medium-range jetliner. Each 757-200 will hold 217 passengers in a single-class, three-by-three seat configuration. Allegiant will begin to operate the 757 on existing routes between Las Vegas and McAllen, Texas, and between Las Vegas and Rockford, Ill.

The next focus for the company will be to gain Extended-range Twin-engine Operational Performance Standards 180 (ETOPS) certification and Flag Carrier status from the FAA for the 757-200. Both are required for flying to Hawaii, which the company anticipates achieving in summer 2012.

"We look forward to serving the Hawaiian market with the same business model that has made Allegiant so successful on the mainland?linking travelers in small cities to world-class leisure destinations," Levy added.

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. Receive breaking news from Allegiant by visiting Allegiant's Facebook Fan Page atwww.facebook.com/Allegiant or follow Allegiant on Twitter at twitter.com/allegianttravel.

###

24 Jun 2011

Governor Quinn Announces $100 Million Capital Funding for Local Transportation Projects

By Laurel White

Annual Local Capital Investment Will Repair Infrastructure, Create Jobs

CHICAGO - June 23, 2011. Governor Pat Quinn today announced a $100 million capital investment to address local transportation needs and put people to work throughout Illinois. The $100 million in Illinois Jobs Now! funding will be distributed to local officials to repair municipal, township and county infrastructure, and improve public safety.

"The important capital investment will help communities throughout our state to address their infrastructure needs directly and create jobs at the same time," said Governor Quinn. "Our local communities are the backbone of Illinois and need to stay strong and keep our economic recovery going."

Today's announcement is through the six-year, $31 billion Illinois Jobs Now! program and represents the second of five $100 million annual investments to fund municipal, township and county projects statewide. Projects will be selected and managed locally, with the Illinois Department of Transportation providing oversight. The types of projects that will be performed include street and bridge maintenance, upgraded traffic signals, new storm sewers and bike baths, sidewalk replacement and pothole repairs. A complete list is available at www.dot.il.gov/blr/mftbooklet.pdf.

"We are extremely proud to work with our communities so they can fix their roads and bridges and address other needed projects," Illinois Transportation Secretary Gary Hannig said. "This local component of the Governor's capital program will not only stimulate the economy and create jobs, but improve the quality of life of residents for years to come."

The local component of Illinois Jobs Now! is distributed to local governments based on the same formula as the state motor fuel tax. The funding announced today will boost the annual distribution of the motor fuel tax by 17 percent. A breakdown of the distribution of the $100 million by county, road district and municipality is available through an interactive map at www.dot.il.gov/FY2011/map.aspx.

Illinois Jobs Now! is the largest construction program in state history. Under the direction of Governor Quinn, the Illinois Department of Transportation from 2009 through the end of 2010 invested approximately $7 billion to repair or rebuilt 4,800 miles of roads and more than 500 bridges, creating an estimated 135,000 jobs. This momentum is continuing with more than $2.5 billion in road construction projects scheduled for in 2011.

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ALLEGIANT TRAVEL COMPANY SECOND QUARTER 2011 FINANCIAL RESULTS

Braley Announces New Train Set for Dubuque Intercity Rail Line

Braley Announces $131,100 for Independence Airport

Vacationing on a Shoestring

Governor Signs Legislation to Boost Electric Vehicle Usage in Illinois

ALLEGIANT REPORTS JUNE 2011 TRAFFIC

Governor Quinn Signs Major Mass Transit Reform Legislation

Allegiant Schedules Second Quarter 2011 Earnings Call

ALLEGIANT RECEIVES APPROVAL FROM FAA TO OPERATE BOEING 757 AIRCRAFT TYPE

Governor Quinn Announces $100 Million Capital Funding for Local Transportation Projects

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