Item 1.01 Entry into a Material Definitive Agreement.

On February 26, 2013, Allegiant Travel Company (the "Company") and Andrew Levy entered into a new Employment Agreement superseding the existing agreement between the parties whose initial term expired on December 31, 2012. Mr. Levy serves as the President of the Company. The new Employment Agreement has a four-year term. Under the new Employment Agreement, Mr. Levy will receive a base salary of $350,000 per year, will be entitled to participate in the Company's annual bonus plan for cash bonuses of up to 300% of his base salary and an equal value of equity grants. Upon signing the Agreement, Mr. Levy received equity grants of 18,682 shares of restricted stock and stock options to purchase 75,796 shares at a grant price equal to the closing price of the Company's common stock on the date of grant. The restricted stock and stock options will vest over a three-year period subject to acceleration upon termination of employment without cause or upon a change of control.