ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2012 FINANCIAL RESULTS

LAS VEGAS. January 30, 2013 -Allegiant Travel Company ALGT -3.58% today reported the following financial results for both the fourth quarter and full year 2012, as well as comparisons to prior year equivalents:

“We are very proud to report our 40th consecutive profitable quarter,” stated Maurice J. Gallagher, Jr., Chairman and CEO of Allegiant Travel Company. “40 consecutive profitable quarters is an outstanding achievement in this industry and we could not do it without the great efforts and contributions of our Team Members. In 2012, we recorded the highest system fuel cost per gallon we have ever paid for a full year. In spite of that, we were able to grow full year earnings per share over 58 percent to the highest ever.”

Notable company quarterly highlights

- Signed purchase agreements to acquire nine Airbus A320 aircraft previously operated by Iberia

- Successfully converted 100 percent of our customer web traffic to our new booking engine in November

- Returned over $38 million to shareholders through a special dividend of $2 per share in December

- Repurchased approximately 55,000 shares for $4 million during the fourth quarter

- As of January 30, 2013, we have converted 47 of an expected 51 MD-80s to 166 seat aircraft

- Began operating 21 new routes during the quarter

- Announced eight new routes starting in the first quarter

- Ranked 14th on the Forbes’ 100 Best Small Companies. We have been listed four years in a row

Revenue performance

- Fourth quarter 2012 total average fare was up 4.4 percent versus 2011 and was the highest in the company’s history

- 12th consecutive quarter of year over year increases in total average fare

- Ancillary air-related revenue per passenger has grown sequentially every month since April 2012

Cost performance

- Full year 2012 cost per ASM excluding fuel decreased 6.7 percent to 5.3 cents in spite of a five percent decrease in aircraft utilization for the same time period

- Full year 2012 ASMs per gallon increased 6.6 percent to 63.0 versus last year, and improved sequentially 3.6 percent in the fourth quarter 2012 versus the third quarter 2012

- Full year 2012 salaries and benefits expense per passenger decreased 1.7 percent despite a 14.2 percent increase in full time equivalent employees

- Full year 2012 maintenance and repairs expense per passenger decreased 19.6 percent due primarily to a 60 percent decline in engine overhaul expenses. Maintenance expense per aircraft per month was $102,277 in 2012 versus $129,558 in 2011

- Full year 2012 sales and marketing expense per passenger decreased 14.6 percent versus last year, primarily due to the implementation of a discount for customers paying with less expensive forms of payment beginning in the third quarter 2012

Third party products performance

- For the fourth quarter 2012, ancillary revenue – third party products per passenger increased 6.4 percent versus last year. This has been our eleventh consecutive quarter of year over year increases.

- For the full year 2012, net revenue from hotels increased about five percent while net revenue from rental cars increased about 33 percent versus 2011

Aircraft listed in table above are considered in service aircraft