2007 Sales $361 million

Rank 3rd (LCC & Regional Carriers)

A newcomer to the low-cost carrier sector, Allegiant Travel Co., parent of Allegiant Air, is demonstrating that profitability is possible even in a difficult economy. Allegiant serves major leisure destinations in the U.S. from more than 50 small communities, using MD-80 aircraft. It is growing fast, with revenue passenger miles up 58% in 2007. Another positive is that costs per available seat mile declined from 8.9 cents to 8.2 cents. As rivals reduced capacity because of the high cost of fuel, Allegiant flights came into high demand in those markets. The system load factor in June of this year reached 94%.