ALGT · Allegiant Travel Company

Allegiant Travel Company completed its acquisition of Sun Country Airlines on May 13, 2026, creating a combined leisure-focused airline with 195 aircraft serving nearly 175 cities. The transaction closed pursuant to the Agreement and Plan of Merger dated January 11, 2026. Sun Country shareholders received $4.10 in cash and 0.1557 Allegiant shares per share. The acquisition is expected to generate approximately $140 million in annual synergies within three years and be accretive to earnings per share in the first full year post-closing. The combined company will have a diversified model including scheduled service, charter, and cargo operations. Allegiant's Board was expanded from eight to eleven members, with three Sun Country directors appointed: Jude Bricker (President and CEO of Sun Country), Jennifer Vogel, and Thomas Kennedy. Bricker also entered into an Advisory Services Agreement to assist with integration, receiving $26,650 per month plus expense reimbursement. The integration process will be disciplined, with no immediate changes to frontline roles or collective bargaining agreements. Sun Country's cargo operations for Amazon Prime Air and charter contracts complement Allegiant's existing business, further diversifying revenue.