Allegiant Travel Company Aktie News

Allegiant Travel Company  (NASDAQ:ALGT) stock is down 3.9% to trade at $91.24 at last glance, after news that the company will buy budget airline competitor Sun Country Airlines (SNCY) in a deal valued $1.5 billion, or $18.89 per share, which is expected to close in the second half of 2026.

Allegiant (ALGT) will acquire Sun Country (SNCY) in a $1.5B cash-and-stock deal, offering a 19.8% premium to SNCY's last close. Federal prosecutors have launched a criminal investigation into Fed Chair Powell regarding the $2.5B renovation of the central bank's Washington headquarters.

NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the merger of Allegiant Travel Company (NASDAQ: ALGT) and Sun Country Airlines is fair to Allegiant shareholders. Upon completion of the proposed transaction, Allegiant shareholders will own approximately 67% of the combined company. Halper Sadeh encourages Allegiant shareholders to click here to ...

The deal will expand the combined company's network, adding more destinations across the US and international markets.

Budget air carriers Allegiant and Sun Country Airlines will merge, the companies said Sunday, the latest move toward consolidation in a heavily competitive industry.

Budget airlines in the U.S. like Allegiant and Sun Country have faced a surge in costs following the pandemic and the increase in domestic capacity.

Low-cost airline Allegiant will acquire Sun Country Airlines in a deal valued at about $1.5 billion, including debt, the companies said on Sunday.

The proposed deal would bring together two carriers that have primarily served price-sensitive domestic vacationers at a time when that business model has come under strain.