LAS VEGAS, NV -- (Marketwired) -- 02/04/16

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

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/VB3OR.

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.allegiantair.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.

Allegiant Media Contact:
e-mail: mediarelations@allegiantair.com 

Investor Inquiries:
e-mail: ir@allegiantair.com