Allegiant (NASDAQ:ALGT) heads into loyalty test against Sun Country (NASDAQ:SNCY) after $1.5 billion deal
Allegiant has shifted focus to holding onto Sun Country customers at Minneapolis-St. Paul after closing its acquisition. The investment idea now is less about slashing overlap and more about keeping Sun Country passengers as the companies navigate a lengthy system split. The merger wrapped up on May 13, following regulatory and shareholder sign-off, and Sun Country shares stopped trading at the close.