Las Vegas-based Allegiant is buying Sun Country Airlines for $1.5 billion in cash and stock. The deal still needs regulatory approval and is expected to finish in the second half of 2026. Allegiant will combine its route network with Sun Country’s international flights, as per News 3 Las Vegas.
Sun Country shareholders will receive $4.10 in cash and 0.1557 Allegiant shares per Sun Country share, valuing the airline at $18.89 each. The merger aims to enhance customer travel options across the U.S., Mexico, Central America, Canada, and the Caribbean.
Allegiant CEO Gregory C. Anderson said, "This combination is an exciting next chapter in Allegiant and Sun Country’s shared mission in providing affordable, reliable, and convenient service from underserved communities to premier leisure destinations," as reported by 8 News Now. Post-merger, Allegiant will remain headquartered in Las Vegas, operating over 650 routes and serving 22 million annual passengers, with shareholders holding roughly 67% for Allegiant and 33% for Sun Country until a single FAA operating certificate is secured.
