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Stock impact report

Popular budget airline to buy rival in $1.5 billion deal [Yahoo! Finance]

Sun Country Airlines Holdings, Inc. (SNCY) 
Company Research Source: Yahoo! Finance
The airline announced Sunday that it will purchase Sun Country Airlines in a cash and stock deal worth approximately $1.5 billion. Allegiant and Sun Country shareholders will own approximately 67% and 33%, respectively, of the combined company. Allegiant is a popular low-cost U.S. airline that is popular with leisure travelers looking to get somewhere cheaper. Most extras, like carry-on bags, seat selection, priority boarding, snacks, cost extra, but direct flights are usually offered to smaller airports that some larger airlines skip. Allegiant says the new deal with create a leading leisure-focused U.S. airline, expanding service to more popular vacation destinations across the United States, as well as international destinations, while providing more people with access to affordable air travel. “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 p Show less Read more
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