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Allegiant Travel Company Announces the Purchase of Six A319 Aircraft

LAS VEGAS, Feb. 23, 2015 (GLOBE NEWSWIRE) -- Allegiant Travel Company (Nasdaq:ALGT) today announced that it has entered into an agreement to purchase six additional A319 aircraft. The aircraft are currently being operated by Cebu Pacific Air and are scheduled to enter the Allegiant operating fleet from the end of 2015 through 2017.

"We continue to be able to find high quality, used A319s that fit our specification," said Jude Bricker, Senior Vice President of Planning. "These aircraft will have 156 seats which is similar to our current A319s. Including these aircraft, we have added commitments for ten additional A320 series aircraft so far this year and will remain active in the used A320 market," concluded Bricker.

Two of the aircraft will be purchased in 2015 and the company expects the remainder to be purchased in 2016. Allegiant's expected fleet plan including all aircraft currently under contract is as follows:

2015E 2016E 2017E 2018E
A320 10 10 14 14
A319 11 17 18 30
MD-80 53 53 53 53
757 6 6 6 6
Total 80 86 91 103
YoY fleet growth 14% 8% 6% 13%

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 was ranked ninth in the 2011 Forbes' Best Small Companies. Allegiant was also recently named one of FORTUNE magazine's "100 Fastest-Growing Companies" for the second consecutive year.

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.

CONTACT: Media Inquiries: Brian Davis: mediarelations@allegiantair.com Investor Inquiries: Christopher Allen: ir@allegiantair.com

Source:Allegiant Travel Company