Update 5/13/26: The purchase is complete.
Allegiant & Sun Country have DESIGNATED plans to join in a $1.5 billion deal. Allegiant will acquire Sun Country in a cash and stock transaction at an implied value of $18.89 per Sun Country share (0.1557 shares of Allegiant common stock and $4.1 in cash).
The new combined airline will operate under the Allegiant name. The deal still requires regulatory approval, the DOJ last blocked JetBlue’s acquisition of Spirit Airlines in 2024, but that was under the Biden presidency.
Sun Country offers a combo card with Sychrony AND Allegiant offers a combined card with Bank of America but neither do they offer particularly great value.
