ALLEGIANT REPORTS JUNE 2014 TRAFFIC

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Las Vegas. (July 7, 2014) - Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for June 2014. 

Scheduled Service

Jun. 2014 Jun. 2013 Change
Passengers 803,001 700,796 14.6%
Revenue passenger miles (000) 762,068 687,724 10.8%
Available seat miles (000) 841,417 759,146 10.8%
Load factor 90.6% 90.6% 0.0 pts
Departures 5,325 4,681 13.8%
Average stage length (miles) 920 944 (2.5%)

                                                                                   

2Q14 2Q13 Change
Passengers 2,110,481 1,878,474 12.4%
Revenue passenger miles (000) 2,002,546 1,864,135 7.4%
Available seat miles (000) 2,238,546 2,082,586 7.5%
Load factor 89.5% 89.5% 0.0 pts
Departures 14,157 12,702 11.5%
Average stage length (miles) 924 957 (3.4%)

Total System*

Jun. 2014 Jun. 2013 Change
Passengers 813,149 709,682 14.6%
Revenue passenger miles (000) 770,028 694,887 10.8%
Available seat miles (000) 857,208 775,015 10.6%
Load factor 89.9% 89.7% 0.2 pts
Departures 5,501 4,858 13.2%
Average stage length (miles) 908 930 (2.4%)


2Q14 2Q13 Change
Passengers 2,143,662 1,908,472 12.3%
Revenue passenger miles (000) 2,030,638 1,889,416 7.5%
Available seat miles (000) 2,289,201 2,134,660 7.2%
Load factor 88.7% 88.5% 0.2 pts
Departures 14,675 13,275 10.5%
Average stage length (miles) 912 940 (3.0%)

*Total system includes scheduled service and fixed fee contract.


Preliminary Financial Results

Change
May 2014 actual year-over-year
  Scheduled revenue per scheduled ASM (PRASM) change 4.4%
May 2014 actual year-over-year
  Scheduled total revenue per scheduled ASM (TRASM) change 4.2%
  
June 2014 estimated year-over-year PRASM change 4.6% to 5.0%
June 2014 estimated year-over-year TRASM change 3.4% to 3.8%
2Q14 estimated year-over-year PRASM change 6.1% to 6.5%
2Q14 estimated year-over-year TRASM change 4.6% to 5.0%
$ per gallon
June 2014 estimated average fuel cost per gallon - system $3.17
June 2014 estimated average fuel cost per gallon - scheduled $3.20


$ per gallon
2Q14 estimated average fuel cost per gallon - system $3.17
2Q14 estimated average fuel cost per gallon - scheduled $3.20

Guidance

Capacity guidance, subject to revision Year over Year Growth
Departures ASMs
July 2014
            Scheduled +8% +8%
3rd Quarter 2014
            System +10 to 14% +9 to 13%
            Scheduled +10 to 14% +9 to 13%
4th Quarter 2014
            System +9 to 13% +8 to 12%
            Scheduled +9 to 13% +8 to 12%

ASMs - Available seat miles

Cost and revenue guidance, subject to revision
Cost guidance
2nd Quarter 2014
Cost per available seat mile excluding fuel (CASM-ex fuel) - year over year growth 4.2 to 4.6%
Fixed fee and other revenue guidance
2nd Quarter 2014
Fixed fee revenue and other revenue (millions) $5.0 to $6.0

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. The company operates a low-cost, high-efficiency, all-jet passenger airline through its subsidiary, Allegiant Air, while also offering other travel-related products such as hotel rooms, rental cars, and attraction tickets. All can be purchased through the company 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/xG7se.

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.

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.

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