Item 2.03 Creation of a Direct Financial Obligation or an Obligation under
an Off-Balance Sheet Arrangement of a Registrant.

As of August 27, 2012, Allegiant Air, LLC, a wholly-owned subsidiary of Allegiant Travel Company (the "Company"), entered into nine separate Lease Agreements for the lease of nine Airbus A319 aircraft from GE Capital Aviation Services, LLC ("GECAS"). The Company will guarantee the leases. Each of the leases will be for an eight year term, with rental obligations paid on a monthly basis. The Company currently expects to receive delivery of the aircraft in accordance with the following schedule: fourth quarter 2012 - 1 aircraft; first quarter 2013 - 1 aircraft; third quarter 2014 - 1 aircraft; fourth quarter 2014
- 1 aircraft; first quarter 2015 - 1 aircraft; and second quarter 2015 - 4 aircraft.

The Company estimates that based on the delivery schedule referenced above, the total obligations for nine aircraft will aggregate approximately $125 million over an 11-year period, with aircraft delivery dates, interest rate fluctuation and maintenance adjustments affecting the actual amounts and timing of the payments.

Forward-Looking Statements: Under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, statements in this Current Report on Form 8-K that are not historical facts are forward-looking statements. These forward-looking statements are only estimates or predictions based on management's beliefs and assumptions and on information currently available to management. Forward-looking statements include statements regarding the delivery schedule for the aircraft to be leased and the amount of future lease payments.

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 results to differ materially from those expressed in the forward-looking statements generally may be found in the Company's periodic reports filed with the Securities and Exchange Commission at www.sec.gov.

Any forward-looking statements are based on information available to the Company today and the Company undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise.

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