Allegiant Travel (ALGT) Jan. Traffic Increases 14%

Allegiant Travel Company (NASDAQ: ALGT) today reported preliminary passenger traffic results for January 2016.

                             Scheduled Service                              

                                                                            

                                     January        January                 

                                        2016           2015         Change  

                                  -----------    -----------    ------------

Passengers                           728,208        636,219           14.5% 

Revenue passenger miles (000)        700,207        616,523           13.6% 

Available seat miles (000)           851,823        712,724           19.5% 

Load factor                             82.2%          86.5%    (4.3) pts   

Departures                             5,396          4,476           20.6% 

Average stage length (miles)             926            935           (1.0)%

                                                                            

                                                                            

                                                                            

                               Total System *                               

                                                                            

                                      January        January                

                                         2016           2015         Change 

                                   -----------    -----------    -----------

Passengers                            737,354        646,349           14.1%

Revenue passenger miles (000)         713,702        626,327           14.0%

Available seat miles (000)            886,076        736,961           20.2%

Load factor                              80.5%          85.0%    (4.5) pts  

Departures                              5,624          4,688           20.0%

Average stage length (miles)              924            923            0.1%

*Total system includes scheduled service and fixed fee contract.

                                                                            

                       Preliminary Financial Results                        

                                                                            

                                                                    Change  

December 2015 actual year-over-year                                         

Scheduled total revenue per scheduled ASM (TRASM)                           

 change                                                              (12.4%)

                                                                            

January 2016 estimated year-over-year TRASM change        (14.1%) to (13.7%)

                                                                            

                                                              $ per gallon  

January 2016 estimated average fuel cost per gallon -                       

 system                                                              $1.27  

January 2016 estimated average fuel cost per gallon -                       

 scheduled                                                           $1.27  

                                                                            

                                                                            

                                                                            

Guidance                                                                    

                                                                            

Capacity guidance, subject to revision            Year over Year Growth     

                                                                            

                                                  Departures           ASMs 

February 2016                                                               

  Scheduled                                              +21%           +23%

                                                                            

1st Quarter 2016                                                            

  System                                           +14 to 18%     +15 to 19%

  Scheduled                                        +14 to 18%     +15 to 19%

                                                                            

2nd Quarter 2016                                                            

  System                                           +13 to 17%     +12 to 16%

  Scheduled                                        +13 to 17%     +12 to 16%

ASMs - Available seat miles

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