As of March 1, 2005, Independence Air operated over 400 flights on each business day, serving 41 destinations, including four destinations in Florida, and Las Vegas, Nevada, served by A319s. IA is introducing A319 service to six new West Coast destinations between March and May 2005.
Last years revenue 500 Million
http://finance.yahoo.com/q?s=flyi
A market Cap of 34 million and
Nasdaq listed to boot.
Not sure what you call small, but I call them medium with the growth potential of a JetBlue.
imho