Two low-cost airlines are merging in $1.5 billion deal [Yahoo! Finance]
Allegiant Travel Company (ALGT)
Last allegiant travel company earnings: 1/29 04:01 pm
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US:NASDAQ Investor Relations:
ir.allegiantair.com
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Source: Yahoo! Finance
The deal includes both cash and stock and takes on approximately $400 million of the Minneapolis-based Sun Country's debt. As part of the deal approved by the boards of both airlines, Sun Country shareholders will receive $18.89 of each share, which will, in turn, be comprised of $4.10 in cash and a 0.1557 share in Allegiant stock. Provided the transaction is approved by regulators, the merger will be completed by the end of 2026 and create a combined airline in which Sun Country shareholders hold 33% and Allegiant Travel shareholders have a 67% stake. Launched in 1997 as an early example of the low-cost model, Allegiant Air built a market of serving cities with traffic too low for mainstream airlines. Although its website states that it currently serves 117 destinations across the U.S., Allegiant recently pulled out of LAX airport last fall after cutting its last flights into the city from Cincinnati and Bellingham over what it classified as "long-term strategic goals" and "fl
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ALGT
News
- TEAMSTERS TO MONITOR PROPOSED ALLEGIANT-SUN COUNTRY MERGER [Yahoo! Finance]Yahoo! Finance
- Allegiant Announces Senior Leadership PromotionsPR Newswire
- Frontier Airlines Recruits Ryanair Executive in Ultra-Low-Cost Strategy Push [Yahoo! Finance]Yahoo! Finance
- Allegiant Air and Sun Country Airlines Announce Major Merger in Budget Aviation Shake-Up [Yahoo! Finance]Yahoo! Finance
- Is Allegiant Travel (ALGT) Pricing Look Attractive After Recent Share Price Declines [Yahoo! Finance Canada]Yahoo! Finance Canada
ALGT
Earnings
- 11/4/25 - Miss
ALGT
Sec Filings
- 1/12/26 - Form 8-K
- 1/9/26 - Form SCHEDULE
- 12/9/25 - Form 8-K
- ALGT's page on the SEC website