Allegiant Travel Company : ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2012 FINANCIAL RESULTS

 Allegiant Travel Company : ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL
                         YEAR 2012 FINANCIAL RESULTS

          ALLEGIANT TRAVEL COMPANY FOURTH QUARTER AND FULL YEAR 2012
                              FINANCIAL RESULTS
                     40th Consecutive Profitable Quarter
           Fourth Quarter Fully Diluted Earnings per Share of $.76
             Full Year Fully Diluted Earnings per Share of $4.06

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

Unaudited                            4Q12   4Q11 Change   2012   2011 Change
Total operating revenue (millions) $222.8 $193.9  14.9% $908.7 $779.1  16.6%
Operating income (millions)         $25.4  $20.2  25.8% $132.3  $85.4  54.8%
Operating margin                    11.4%  10.4%  1.0pp  14.6%  11.0%  3.6pp
EBITDA (millions)                   $42.2  $31.3  34.7% $190.1 $127.4  49.2%
EBITDA margin                       18.9%  16.2%  2.7pp  20.9%  16.4%  4.5pp
Net income (millions)               $14.8  $10.8  36.6%  $78.6  $49.4  59.1%
Diluted earnings per share          $0.76  $0.56  35.7%  $4.06  $2.57  58.0%

"We are very proud to report our 40^th 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 14^th 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

  *12^th 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

                                  4Q12    4Q11  Change    2012    2011  Change
Scheduled Service:
Average fare - scheduled                                $88.90
service                         $88.59  $91.66  (3.3)%          $89.15  (0.3)%
Average fare - ancillary                                $35.72
air-related charges             $39.89  $31.51   26.6%          $31.17   14.6%
Average fare - ancillary third                           $5.48
party products                   $5.19   $4.88    6.4%           $5.18    5.8%
Average fare - total           $133.67 $128.05    4.4% $130.10 $125.51    3.7%
Scheduled service passenger                               8.43
revenue per ASM (PRASM)
(cents)                           7.99    8.91 (10.3)%            8.88  (5.1)%
Total scheduled service                                  12.33
revenue* per ASM (TRASM)
(cents)                          12.06   12.45  (3.1)%           12.50  (1.4)%
Load factor                      86.5%   89.6% (3.1)pp   89.4%   91.7% (2.3)pp
Passengers (millions)              1.6     1.4   13.3%     6.6     5.8   14.1%
Average passengers per             141     134    5.2%     140     136    2.9%
departure
Average scheduled service          930     904    2.9%     918     901    1.9%
stage length (miles)

* Total scheduled service revenue includes scheduled service, ancillary
air-related, and ancillary third party revenue.

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 

                                    4Q12    4Q11 Change    2012    2011 Change
Total System*:
Operating expense per passenger  $118.49 $116.08   2.1% $111.12 $112.32 (1.1)%
Operating expense per passenger,  $63.50  $62.04   2.4%  $56.99  $58.78 (3.0)%
excluding fuel
Operating expense per ASM (CASM)                          10.37   10.90 (4.9)%
(cents)                            10.50   11.03 (4.8)%
Operating expense, excluding
fuel per ASM (CASM ex fuel)
(cents)                             5.63    5.89 (4.4)%    5.32    5.70 (6.7)%
Average block hours per aircraft                            5.7     6.0 (5.0)%
per day                              5.3     5.6 (5.4)%

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

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

Supplemental Ancillary Revenue
Information
Unaudited (millions)              4Q12    4Q11  Change    2012    2011  Change
Gross ancillary revenue -
third party products             $24.9   $23.0    8.6%  $119.0  $106.4   11.9%
Cost of goods sold             ($16.2) ($15.2)    6.1% ($79.0) ($72.0)    9.7%
Transaction costs*               ($.6)   ($.9) (35.9)%  ($3.9)  ($4.5) (12.1)%
Ancillary revenue - third
party products                    $8.2    $6.8   20.5%   $36.1   $29.9   20.8%
As percent of gross              32.8%   29.6%   3.2pp   30.3%   28.1%   2.2pp
  As percent of income
before taxes                     34.9%   36.9% (2.0)pp   29.0%   37.6% (8.6)pp
Ancillary revenue - third
party products/scheduled
passenger                        $5.19   $4.88    6.4%   $5.48   $5.18    5.8%
Hotel room nights (thousands)    137.5   142.6  (3.5)%   690.1   647.7    6.5%
Rental car days (thousands)      169.1   113.8   48.6%   763.4   577.7   32.1%

* Includes payment expenses and travel agency commissions.

Balance sheet highlights

  *We currently have $41 million in share repurchase authority 

Unaudited (millions)                                12/31/12 12/31/11 Change
Unrestricted cash*                                    $352.7   $319.5  10.4%
Total debt                                            $150.9   $146.1   3.3%
Total Allegiant Travel Company stockholders' equity   $400.5   $351.5  14.0%
                                              Year ended December 31,
Unaudited (millions)                                    2012     2011 Change
Capital expenditures                                  $105.1    $86.6  21.4%

* Unrestricted cash includes investments in marketable securities.

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

Guidance, subject to revision
Revenue guidance                        January 2013         1Q13
Estimated PRASM year-over-year change  (13) to (11)%  (8) to (6)%
Fixed fee and other revenue guidance                         1Q13
Fixed fee and other revenue (millions)                   $4 to $6

Capacity guidance
System                                          1Q13         2Q13
 Departure year-over-year growth       (8) to (4)%  (7) to (3)%
 ASM year-over-year growth              +12 to 16%   +14 to 18%
Scheduled
 Departure year-over-year growth         (2) to 2%      0 to 4%
 ASM year-over-year growth              +15 to 19%   +19 to 23%
Cost guidance                                                1Q13
CASM ex fuel - year-over-year change                     +1 to 3%
CAPEX guidance                                               FY13
Capital expenditures (millions)                      $150 to $160




CASM ex fuel - cost per available seat mile excluding fuel expense
* Number of aircraft expected to be completed by end of the quarter



2013 aircraft fleet plan by end of quarter

Aircraft         1Q13 2Q13 3Q13 4Q13
MD-80 (166*)       51   51   51   51
MD-80 (non 166*)    6    5    1    1
757                 6    6    6    6
A319                0    2    2    2
A320                0    0    2    7
Total              63   64   62   67

* 166 refers to MD-80s that are expected to be converted to 166 seat aircraft,
non 166 refers to those aircraft that will not be converted
Aircraft listed in table above are considered in service aircraft

Allegiant Travel Company will host a conference call with analysts at 4:30
p.m. EST today, January 30, 2013 to discuss its fourth quarter and full year
2012 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.

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. Through
its subsidiary, Allegiant Air, the company operates a low-cost,
high-efficiency, all-jet passenger airline, and offers other travel-related
products such as hotel rooms, rental cars, and attraction tickets through its
website, allegiant.com. The company has been named one of America's 100 Best
Small Companies by Forbes Magazine for four consecutive years. ALGT/G

Media Inquiries: Brian Davis
mediarelations@allegiantair.com

Investor Inquiries: Chris Allen
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
operating expense, ASM growth, departure growth, fixed-fee and other revenues,
expected capital expenditures, number of aircraft to be modified and number of
contracted aircraft to be placed in service by quarter, 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, volatility of fuel costs, labor issues, the effect of the
economic downturn on leisure travel, debt covenants, terrorist attacks, risks
inherent to airlines, our planned introduction of an additional aircraft type,
demand for air services to our leisure destinations from the markets served by
us, our dependence on our leisure destination markets, our competitive
environment, problems with our aircraft, 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 December 31, 2012 and 2011
                   (in thousands, except per share amounts)
                                 (Unaudited)

                                          Three months ended Dec. 31,  Percent
                                              2012            2011     change
OPERATING REVENUE:
Scheduled service revenue                     $139,668       $127,597      9.5
Ancillary revenue:
Air-related charges                             62,899         43,866     43.4
Third party products                             8,184          6,794     20.5
Total ancillary revenue                         71,083         50,660     40.3
Fixed fee contract revenue                      11,375         12,522    (9.2)
Other revenue                                      712          3,158   (77.5)
Total operating revenue                        222,838        193,937     14.9
OPERATING EXPENSES:
Aircraft fuel                                   91,638         80,898     13.3
Salary and benefits                             33,933         29,590     14.7
Station operations                              20,655         16,529     25.0
Maintenance and repairs                         19,029         23,806   (20.1)
Sales and marketing                              4,081          4,329    (5.7)
Aircraft lease rentals                               -            153  (100.0)
Depreciation and amortization                   16,667         11,253     48.1
Other                                           11,458          7,205     59.0
Total operating expenses                       197,461        173,763     13.6
OPERATING INCOME                                25,377         20,174     25.8
As a percent of total operating revenue          11.4%          10.4%
OTHER (INCOME) EXPENSE:
(Earnings) loss from unconsolidated
affiliates, net                                   (43)             83  (151.8)
Interest income                                  (242)          (236)      2.5
Interest expense                                 2,210          1,889     17.0
Total other (income) expense                     1,925          1,736     10.8
INCOME BEFORE INCOME TAXES                      23,452         18,438     27.2
As a percent of total operating revenue          10.5%          9.5%
PROVISION FOR INCOME TAXES                       8,810          7,628     15.5
NET INCOME                                     $14,642        $10,810     35.4
Net loss attributable to noncontrolling
interest                                         (124)              -    (100)
NET INCOME ATTRIBUTABLE TO ALLEGIANT
TRAVEL COMPANY                                 $14,766        $10,810     36.6
Earnings per share to common stockholders
(1):
Basic                                            $0.78          $0.57     38.6
Diluted                                          $0.76          $0.56     35.7
Weighted average shares outstanding used
in computing earnings per share to common
stockholders (1):
Basic                                           19,154         18,959      1.0
Diluted                                         19,371         19,207      0.9

(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 December 31, 2012 and 2011
                                 (Unaudited)

                                          Three months ended Dec. 31,  Percent
                                              2012           2011      change*
OPERATING STATISTICS
Total system statistics
Passengers                                   1,666,501      1,496,923     11.3
Revenue passenger miles (RPMs)
(thousands)                                  1,578,841      1,363,855     15.8
Available seat miles (ASMs) (thousands)      1,879,791      1,575,899     19.3
Load factor                                      84.0%          86.5%    (2.5)
Operating revenue per ASM (RASM) (cents)         11.85          12.31    (3.7)
Operating expense per ASM (CASM) (cents)         10.50          11.03    (4.8)
Fuel expense per ASM (cents)                      4.87           5.13    (5.1)
Operating CASM, excluding fuel (cents)            5.63           5.89    (4.4)
Operating expense per passenger                $118.49        $116.08      2.1
Fuel expense per passenger                      $54.99         $54.04      1.8
Operating expense per passenger,
excluding fuel                                  $63.50         $62.04      2.4
ASMs per gallon of fuel                           65.6           60.1      9.2
Departures                                      12,802         12,166      5.2
Block hours                                     30,223         27,998      7.9
Average stage length (miles)                       882            853      3.4
Average number of operating aircraft
during period                                     62.1           54.6     13.7
Average block hours per aircraft per day           5.3            5.6    (5.4)
Full-time equivalent employees at period
end                                              1,821          1,595     14.2
Fuel gallons consumed (thousands)               28,668         26,230      9.3
Average fuel cost per gallon                     $3.20          $3.08      3.9
Scheduled service statistics
Passengers                                   1,576,641      1,392,092     13.3
Revenue passenger miles (RPMs)
(thousands)                                  1,512,063      1,283,218     17.8
Available seat miles (ASMs) (thousands)      1,747,920      1,431,430     22.1
Load factor                                      86.5%          89.6%    (3.1)
Departures                                      11,192         10,360      8.0
Average passengers per departure                   141            134      5.2
Scheduled service seats per departure            165.4          152.2      8.7
Block hours                                     27,527         24,961     10.3
Yield (cents)                                     9.24           9.94    (7.0)
Scheduled service revenue per ASM (PRASM)
(cents)                                           7.99           8.91   (10.3)
Total ancillary revenue per ASM (cents)           4.07           3.54     15.0
Total scheduled service revenue per ASM
(TRASM) (cents)                                  12.06          12.45    (3.1)
Average fare - scheduled service                $88.59         $91.66    (3.3)
Average fare - ancillary air-related
charges                                         $39.89         $31.51     26.6
Average fare - ancillary third party
products                                         $5.19          $4.88      6.4
Average fare - total                           $133.67        $128.05      4.4
Average stage length (miles)                       930            904      2.9
Fuel gallons consumed (thousands)               26,368         23,517     12.1
Average fuel cost per gallon                     $3.37          $3.29      2.4
Percent of sales through website during
period                                           91.7%          89.1%      2.6

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

                           Allegiant Travel Company
                      Consolidated Statements of Income
                    Years Ended December 31, 2012 and 2011
                   (in thousands, except per share amounts)
                                 (Unaudited)

                                                 Years ended Dec. 31,  Percent
                                                    2012       2011    change
OPERATING REVENUE:
Scheduled service revenue                          $586,036  $514,984     13.8
Ancillary revenue:
Air-related charges                                 235,436   180,078     30.7
Third party products                                 36,124    29,916     20.8
Total ancillary revenue                             271,560   209,994     29.3
Fixed fee contract revenue                           42,905    43,690    (1.8)
Other revenue                                         8,218    10,449   (21.4)
Total operating revenue                             908,719   779,117     16.6
OPERATING EXPENSES:
Aircraft fuel                                       378,195   330,657     14.4
Salary and benefits                                 133,295   119,856     11.2
Station operations                                   78,357    66,709     17.5
Maintenance and repairs                              73,897    81,228    (9.0)
Sales and marketing                                  19,222    19,905    (3.4)
Aircraft lease rentals                                    -     1,101  (100.0)
Depreciation and amortization                        57,503    41,975     37.0
Other                                                35,946    32,242     11.5
Total operating expenses                            776,415   693,673     11.9
OPERATING INCOME                                    132,304    85,444     54.8
As a percent of total operating revenue               14.6%     11.0%
OTHER (INCOME) EXPENSE:
(Earnings) loss from unconsolidated affiliates,
net                                                    (99)       (9)       NM
Interest income                                       (983)   (1,236)   (20.5)
Interest expense                                      8,739     7,175     21.8
Total other (income) expense                          7,657     5,930     29.1
INCOME BEFORE INCOME TAXES                          124,647    79,514     56.8
As a percent of total operating revenue               13.7%     10.2%
PROVISION FOR INCOME TAXES                           46,233    30,116     53.5
NET INCOME                                          $78,414    49,398     58.7
Net loss attributable to noncontrolling interest      (183)         -       NM
NET INCOME ATTRIBUTABLE TO ALLEGIANT TRAVEL
COMPANY                                              78,597   $49,398     59.1
Earnings per share to common stockholders (1):
Basic                                                 $4.10     $2.59     58.3
Diluted                                               $4.06     $2.57     58.0
Weighted average shares outstanding used in
computing earnings per share to common
stockholders (1):
Basic                                                19,079    18,935      0.8
Diluted                                              19,276    19,125      0.8

(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
                    Years Ended December 31, 2012 and 2011
                                 (Unaudited)

                                                 Years ended Dec. 31,  Percent
                                                   2012       2011     change*
OPERATING STATISTICS
Total system statistics
Passengers                                       6,987,324  6,175,808     13.1
Revenue passenger miles (RPMs) (thousands)       6,514,056  5,640,577     15.5
Available seat miles (ASMs) (thousands)          7,487,276  6,364,243     17.6
Load factor                                          87.0%      88.6%    (1.6)
Operating revenue per ASM (RASM) (cents)             12.14      12.24    (0.8)
Operating expense per ASM (CASM) (cents)             10.37      10.90    (4.9)
Fuel expense per ASM (cents)                          5.05       5.20    (2.9)
Operating CASM, excluding fuel (cents)                5.32       5.70    (6.7)
Operating expense per passenger                    $111.12    $112.32    (1.1)
Fuel expense per passenger                          $54.13     $53.54      1.1
Operating expense per passenger, excluding fuel     $56.99     $58.78    (3.0)
ASMs per gallon of fuel                               63.0       59.1      6.6
Departures                                          53,615     49,360      8.6
Block hours                                        124,610    113,691      9.6
Average stage length (miles)                           872        858      1.6
Average number of operating aircraft during
period                                                60.2       52.2     15.3
Average block hours per aircraft per day               5.7        6.0    (5.0)
Fuel gallons consumed (thousands)                  118,839    107,616     10.4
Average fuel cost per gallon                         $3.18      $3.07      3.6
Scheduled service statistics
Passengers                                       6,591,707  5,776,462     14.1
Revenue passenger miles (RPMs) (thousands)       6,220,320  5,314,976     17.0
Available seat miles (ASMs) (thousands)          6,954,408  5,797,753     20.0
Load factor                                          89.4%      91.7%    (2.3)
Departures                                          46,995     42,586     10.4
Average passengers per departure                       140        136      2.9
Scheduled service seats per departure                159.7      150.8      5.9
Block hours                                        113,671    101,980     11.5
Yield (cents)                                         9.42       9.69    (2.8)
Scheduled service revenue per ASM (PRASM)
(cents)                                               8.43       8.88    (5.1)
Total ancillary revenue per ASM (cents)               3.90       3.62      7.7
Total scheduled service revenue per ASM (TRASM)
(cents)                                              12.33      12.50    (1.4)
Average fare - scheduled service                    $88.90     $89.15    (0.3)
Average fare - ancillary air-related charges        $35.72     $31.18     14.6
Average fare - ancillary third party products        $5.48      $5.18      5.8
Average fare - total                               $130.10    $125.51      3.7
Average stage length (miles)                           918        901      1.9
Fuel gallons consumed (thousands)                  109,257     96,999     12.6
Average fuel cost per gallon                         $3.37      $3.30      2.1
Percent of sales through website during period       90.1%      88.8%      1.3

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

                           Allegiant Travel Company
                            Non-GAAP Presentations
           Three Months and Years Ended December 31, 2012 and 2011
                                 (Unaudited)

"EBITDA" represents earnings before interest expense, income taxes,
depreciation and amortization. EBITDA is not a calculation based on generally
accepted accounting principles and should not be considered as an alternative
to net income or operating income as indicators of our financial performance
or to cash flow as a measure of liquidity. EBITDA is included as a
supplemental disclosure because we believe it is a useful indicator of our
operating performance. Further, EBITDA is a well-recognized performance
measurement that is frequently used by securities analysts, investors and
other interested parties in comparing the operating performance of companies.
We believe EBITDA is useful in evaluating our operating performance compared
to our competitors because its calculation generally eliminates the effects of
financing and income taxes and the accounting effects of capital spending and
acquisitions, which items may vary between periods and for different companies
for reasons unrelated to overall operating performance. The following
represents the reconciliation of EBITDA to net income for the periods
indicated below.

The SEC has adopted rules (Regulation G) regulating the use of non-GAAP
financial measures. Because of our use of the non-GAAP financial measure
EBITDA to supplement our consolidated financial statements presented on a GAAP
basis, Regulation G requires us to include in this press release a
presentation of the most directly comparable GAAP measure, which is net
income, and a reconciliation of the non-GAAP measure to the most comparable
GAAP measure. Our utilization of a non-GAAP measurement is not meant to be
considered in isolation or as a substitute for net income or other measures of
financial performance prepared in accordance with GAAP. EBITDA is not a GAAP
measurement and our use of it may not be comparable to similarly titled
measures employed by other companies in the airline and travel industry. The
reconciliations to GAAP net income follow.

                                          Three months ended Dec. 31,  Percent
(in thousands)                                    2012           2011  change
Net income attributable to Allegiant
Travel Company                                 $14,766        $10,810     36.6
Plus (minus)
Interest income                                  (242)          (236)      2.5
Interest expense                                 2,210          1,889     17.0
Provision for income taxes                       8,810          7,628     15.5
Depreciation and amortization                   16,667         11,253     48.1
EBITDA                                         $42,211        $31,344     34.7
Total revenue                                 $222,838       $193,937     14.9
EBITDA margin                                    18.9%          16.2%

                                                 Years ended Dec. 31,  Percent
(in thousands)                                         2012      2011  change
Net income attributable to Allegiant Travel
Company                                             $78,597   $49,398     59.1
Plus (minus)
Interest income                                       (983)   (1,236)   (20.5)
Interest expense                                      8,739     7,175     21.8
Provision for income taxes                           46,233    30,116     53.5
Depreciation and amortization                        57,503    41,975     37.0
EBITDA                                             $190,089  $127,428     49.2
Total revenue                                      $908,719  $779,117     16.6
EBITDA margin                                         20.9%     16.4%

                                     ###

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

This announcement is distributed by Thomson Reuters on behalf of Thomson
Reuters clients.

The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
the
information contained therein.

Source: Allegiant Travel Company via Thomson Reuters ONE
HUG#1674368
 
Press spacebar to pause and continue. Press esc to stop.