Sun Country Airlines

SNCY

Market cap $876M

Las Vegas-based Allegiant said the transaction closed after receiving required regulatory and shareholder approvals.

Allegiant's acquisition of rival low-cost airline Sun Country closed on Wednesday. The airlines announced a $1.5 billion cash and stock agreement, including debt, in January.

Combination expands network, enhances scale, and strengthens diversified operations LAS VEGAS, May 13, 2026 /PRNewswire/ -- Allegiant Travel Company (NASDAQ: ALGT) today announced it has successfully completed its acquisition of Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY), bringing together two complementary carriers focused on affordable leisure travel. The transaction closed following satisfaction of customary closing conditions, including receipt of required regulatory approvals and approval by the shareholders of each of Allegiant and Sun Country.

MINNEAPOLIS, May 12, 2026 (GLOBE NEWSWIRE) -- Sun Country Airlines has unveiled a special retro aircraft livery celebrating the airline's origins and honoring the people and communities who have shaped its 43-year journey. This is only Sun Country's second special livery.

NEW YORK, May 11, 2026 /PRNewswire/ -- Alignment Healthcare Inc. (NASD: ALHC) will replace Sun Country Airlines Holdings Inc. (NASD: SNCY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, May 14. S&P SmallCap 600 constituent Allegiant Travel Co. (NASD: ALGT) is acquiring Sun Country Airlines Holdings in a deal expected to close soon, pending final closing conditions.

Sun Country Airlines NASDAQ: SNCY stockholders preliminarily approved the company's proposed merger agreement with Allegiant Travel Company at a special meeting held virtually on May 8, 2026, according to remarks made during the meeting by Rose Neale, Sun Country's senior vice president, chief legal officer and corporate secretary.

Investors need to pay close attention to SNCY stock based on the movements in the options market lately.

There's still a place for low-cost carriers, even if it's getting tougher for them to compete.

Sun Country Airlines (SNCY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Budget airlines including Frontier and Avelo are reportedly seeking $2.5 billion in federal assistance amid rising jet fuel costs, according to a new report.