Allegiant to acquire Sun Country Airlines for $1.5 billion

Allegiant Travel

11/01/2026 21:30

Jan 11 (Reuters) - Low-cost airline Allegiant ALGT.O will acquire Sun Country Airlines SNCY.O in a deal valued at about $1.5 billion, including debt, the companies said on Sunday.

As part of the agreement, Sun Country shareholders will receive 0.1557 Allegiant shares and $4.10 in cash for each share, valuing the stock at $18.89.

Shares of Sun Country closed at $15.77 on Friday.

 (Reporting by Ruchika Khanna in Bengaluru; Editing by Bill Berkrot)

 ((Ruchika.Khanna@thomsonreuters.com;))