LAS VEGAS, NV—(Marketwired – March 11, 2016) – Allegiant Travel Company (NASDAQ: ALGT) today announced CEO Maury Gallagher and affiliated entities have sold 292,200 shares at a price of $163.50 per share. Mr. Gallagher plans to use the proceeds primarily to retire outstanding debt for existing personal ventures.

“I remain as committed to Allegiant as the day I started with the company,” stated Maurice J. Gallagher Jr., Chairman and CEO of Allegiant Travel Company. “The Allegiant business model has demonstrated its resiliency in any environment and is only getting stronger. Longer term, we should be able to continue to grow the model as we move towards simplifying our operations to a single aircraft type. I look forward to my continued investment and involvement in the company for many years.”

After this transaction, Mr. Gallagher continues to directly or indirectly hold more than 3.3 million shares, which is approximately 20% of the current outstanding shares as of March 10, 2016.