Allegiant on Forbes list for 2nd straight year - East Valley Tribune: Business

Allegiant on Forbes list for 2nd straight year

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Posted: Thursday, November 11, 2010 6:00 am | Updated: 12:29 pm, Thu Mar 10, 2011.

Forbes magazine has included Allegiant Travel Company on its list of “America’s 100 Best Small Companies.” The list, which appeared in the Nov. 8 issue of Forbes, recognizes businesses with remarkable sales and earnings growth. The airline caters to tourists on nonstop getaways to Sunbelt locales such as Arizona, Las Vegas, Los Angeles and Florida, and operates here out of Phoenix-Mesa Gateway Airport.

“We’re proud to be recognized by Forbes for the second year in a row,” said Maurice J. Gallagher Jr., Allegiant’s chairman and CEO. “Our innovative business model has enabled us to remain profitable for 31 consecutive quarters. We have extended our service offerings to more than 70 communities.”

Forbes’s rankings are based on growth in earnings and sales and return on equity over the past 12 months and 5 years.

Allegiant ranked second in the 2009 list and dropped to 33rd in this year’s list.

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