Allegiant to buy Sun Country in $1.5B deal as budget airline stocks split
NEW YORK, January 13, 2026, 01:13 (EST) Allegiant Travel Co (ALGT.O) is set to acquire Sun Country Airlines (SNCY.O) in a $1.5 billion deal involving both cash and stock, merging two U.S. airlines focused mainly on leisure travel routes. Shares of Sun Country jumped roughly 11% Monday, while Allegiant slipped about 6%. Investors seemed split, weighing the hefty premium against potential cost savings and expanded routes. https://www.investopedia.com/two-low-cost-airlines-plan-to-merge-wall-street-likes-the-deal-algt-scny-11883381 The timing isn’t a coincidence. Low-fare airlines have been chasing more stable profits as fuel, labor, and airport expenses remain stubbornly high, while pricing swings sharply whenever demand shifts. Allegiant pitched the merger