SOURCE: Allegiant Travel Company

Allegiant Travel Company

June 21, 2016 20:10 ET

Allegiant Announces Tentative Pilot Contract Agreement With International Brotherhood of Teamsters

LAS VEGAS, NV--(Marketwired - June 21, 2016) - Allegiant (NASDAQ: ALGT) the Company and the International Brotherhood of Teamsters (IBT), representing Allegiant Air pilots, have worked together to reach a tentative contract agreement. The tentative agreement must be voted on and ratified by Allegiant Air pilots. Ratification results are expected in late July.

"We are pleased to have come to an agreement with the IBT and our pilots. This contract, once approved by our pilots, will allow us to move into a new chapter at Allegiant," said Maury Gallagher, Chief Executive officer. "Our pilots are a vital part of our team, and we are looking forward to building a better future with them and for them."

"We thank the IBT for their willingness to work hard at the negotiation table to get a deal done that improves the lives of our pilots while maintaining our ability to offer a great, low-cost product to our customers," said Jude Bricker, Chief Operating Officer. "We also want to thank the National Mediation Board and our mediator, who was instrumental in helping us reach an agreement. This is a significant accomplishment that will allow Allegiant and its pilots to focus on our company's future together."

Allegiant Air pilots elected the International Brotherhood of Teamsters (IBT) to represent them in August 2012. This will be the first contract agreement between the pilots and the Company since electing union representation. Allegiant and IBT have been negotiating in mediated sessions with the National Mediation Board since February 2014.

About Allegiant

Las Vegas-based Allegiant (NASDAQ: ALGT) is focused on linking travelers in small cities to world-class leisure destinations. The airline offers industry-low fares on an all-jet fleet while also offering other travel-related products such as hotel rooms, rental cars and attraction tickets. All can be purchased only through the company website, Allegiant.com. Beginning with one aircraft and one route in 1999, the company has grown to over 80 aircraft and more than 300 routes across the country with base airfares less than half the cost of the average domestic roundtrip ticket. For downloadable press kit, including photos, visit: http://gofly.us/YFuyb.

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