One company that is separating themselves from the competition within the travel sector is the Allegiant Travel Company. With locations across the U.S., Allegiant Travel has gained national recognition through its subsidiary Allegiant Air as a stand-alone leader in air travel bundled with hotel rooms, rental cars, and other travel related services. Today, the Allegiant Travel Company reached a new milestone when it was named one of Fortune Magazine’s 100 fastest growing companies.
Fortune is one of the most respected magazines in the business world today and this honor would be a major accomplishment for any company. The annual list recognizes companies who have successfully increased revenue growth and financial stability. Allegiant Travel was ranked number 25 on Fortune’s list.
To qualify for this prestigious list, Fortune has some difficult criteria, some of which includes: trading on a major U.S. stock exchange, have a stock price of at least $5 with a minimum market capitalization of $250 million, file quarterly reports with the SEC and have been trading continuously since June 30, 2007.
Leading the way at Allegiant Travel is Maurice J. Gallagher who serves as the company’s Chairman and CEO. When asked what this accomplishment means to Allegiant Travel, Gallagher was quoted as saying, “We’re honored to be recognized as one of FORTUNE’s ‘100 Fastest Growing Companies’. It is a testament to the hard work of our employees, who make Allegiant an innovative and profitable company.”
One of the leaders at Fortune is Andy Serwer who serves as the company’s Managing Editor. Serwer writes in the Sept. 6, 2010, issue of Fortune, “The troubled economy is on all of our minds these days, but sometimes we forget that even in the long slog we seem to be in, entrepreneurs are hard at work creating the next Cisco or Amgen or Starbucks.”
To learn more about Allegiant Travel, visit the company’s investor relations site: www.ir.allegiantair.com
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