Allegiant Travel makes Forbes list of best small companies

An Allegiant Air jet takes off from McCarran International Airport on Friday, Aug. 26, 2011.

The Las Vegas-based parent company of Allegiant Air has again cracked the top 10 of Forbes magazine’s list of the nation’s best small companies.

Allegiant Travel Co. was named the magazine’s No. 9 business on its list of 100 top small companies. The criteria for the Forbes list included having been publicly traded for more than a year, generating between $5 million and $1 billion a year and having a stock price no lower than $5 a share.

The Forbes list said Allegiant had $715 million in sales, growth in sales of 36 percent, earnings-per-share growth of 57 percent and return on equity of 19 percent last year.

“It is a distinction and honor to be included for the third year in a row,” Maurice Gallagher, Allegiant’s chairman and CEO said in a release. “Allegiant’s team members have provided safe, reliable, low-cost air service for more than a decade. This recognition is a great complement to their hard work and dedication.”

Allegiant was second on the list in 2009 and 33rd last year. The company also made Fortune magazine’s list of the 100 fastest-growing companies for the second year in a row in 2010.

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