US EditionAllegiant to buy rival budget airline Sun Country in $1.5 billion cash and stock deal
Merger creates a leisure airline serving 22 million customers annually with nearly 175 cities and 650 routes, targeting $140 million in synergies by year three.
- Allegiant Travel Company said on Jan. 11, 2026 it will acquire Sun Country Airlines Holdings Inc. in a $1.5 billion cash-and-stock deal including $0.4 billion net debt and an implied price of $18.89 per share.
- Serving 22 Million annual passengers, the merger aims to create a leading leisure-focused U.S. airline by combining complementary networks and expanding to 18 international destinations, with Allegiant projecting $140 Million annual synergies by year three.
- The deal gives Sun Country shareholders 0.1557 shares of Allegiant common stock plus $4.10 in cash per share, a 19.8% premium over the Jan. 9 close and ownership split of 67% Allegiant, 33% Sun Country.
- The boards of Allegiant and Sun Country expect to close the deal in the second half of 2026 after U.S. federal antitrust and regulatory approvals, with a January 12, 2026 investor conference call at 8:30 AM ET.
- More than 650 routes will be offered by the combined airline, which will operate approximately 195 aircraft, add more than 2 million Sun Country members to Allegiant members 21 Million, and include Amazon Prime Air contracts.
146 Articles
146 Articles
Radio Iowa
KJANIowans may see new air travel options with Allegiant/Sun Country merger
A discount airline flown by many hundreds of Iowans every week is announcing its merger with another carrier. Headquartered in Las Vegas, Allegiant is buying Minnesota-based Sun Country Airlines in a $1.5 billion dollar deal. Kyle Potter, executive editor of the Thrifty Traveler, says Sun Country has been a bright spot among low-cost carriers for […]
Allegiant's purchase of Sun Country to add 18 international destinations
Allegiant Airlines is buying Sun Country Airlines in a $1.5 billion deal. The merger will create a major leisure-focused airline serving 22 million passengers annually.The combined airline will operate nearly 200 aircraft and serve more than 650 routes. Passengers will gain access to more vacation destinations, including 18 international locations."This combination is an exciting next chapter in Allegiant and Sun Country's shared mission in prov…
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