# Allegiant Travel CO (ALGT) — merger [completed] Source: SEC API (secapi.ai) · situation sit_04f46709e9d684b6bc32 · retrieved 2026-08-11T15:53:22.481Z ## Overview Allegiant Travel Company is a low-cost leisure airline operator with a network of 22 bases, strong operational metrics, and a focus on the leisure travel market; Sun Country Airlines is a Minneapolis-based carrier with scheduled service, cargo, and charter operations. Allegiant Travel Company is acquiring Sun Country Airlines Holdings, Inc. in a transaction expected to close in the back half of 2026. The acquisition combines two profitable leisure carriers with complementary networks—Allegiant operates from 22 bases while Sun Country has a strong presence in Minneapolis-Saint Paul (MSP). Post-close, the combined company will initially operate under two separate brands before eventually unifying under the Allegiant brand after obtaining a single operating certificate. The integration will be phased thoughtfully to minimize disruption to customers and employees, with no immediate changes to pay, benefits, or day-to-day operations expected on closing. ## Terms - Counterparty: Sun Country Airlines Holdings, Inc. · Deal value: $200.0M · Consideration: cash · Premium: 19.8% · Stake: 67% · Price/share: $4 ## Key dates - Announced 2026-01-12 · Expiry 2027-01-11 · Expected close 2026-12-31 · Completed 2026-05-13 ## Timeline - 2026-01-12 · 425 (0001140361-26-000908): 425 - Allegiant Travel CO — *Sun Country Airlines Holdings, Inc. is a scheduled air transportation company operating commercial airline services.* On January 11, 2026, Allegiant Travel Company entered into a definitive merger agreement with Sun Country Airlines Holdings, Inc. Under the agreement, each Sun Country share will convert into $4.10 in cash and 0.1557 shares of Allegiant common stock. The transaction is structured as a two-step merger, with Allegiant's merger subsidiaries first merging into Sun Country, followed by Sun Country merging into Allegiant's second merger subsidiary. The combined company will operate as a wholly owned subsidiary of Allegiant. Completion is subject to customary closing conditions, including stockholder approvals from both companies, regulatory approvals from the FAA, DOT, DHS/TSA, and HSR clearance. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-000908.txt - 2026-01-13 · 425 (0001140361-26-001026): 425 - Allegiant Travel CO — *Allegiant Travel Company is a scheduled air transportation company based in Las Vegas, Nevada.* Allegiant Travel Company announced a proposed merger with Sun Country Airlines Holdings, Inc. The filing is a Form 425 communication containing forward-looking statements regarding the transaction. The parties expect to file a registration statement on Form S-4 with the SEC, which will include a joint proxy statement/prospectus for stockholder votes. The transaction is subject to customary closing conditions, including regulatory approvals and stockholder approvals from both companies. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-001026.txt - 2026-01-13 · 425 (0001140361-26-001029): 425 - Allegiant Travel CO — *Allegiant Travel Company operates a low-cost, flexible-capacity airline serving leisure travelers from underserved communities across North America with a network of over 550 routes and an award-winning loyalty program.* Allegiant Travel Company announced a definitive merger agreement to acquire Sun Country Airlines Holdings, Inc. in a cash and stock transaction. Sun Country shareholders will receive 0.1557 shares of Allegiant stock plus $4.10 in cash per share, totaling $18.89 per share—a 19.8% premium to Sun Country's closing price of $15.77 on January 9, 2026. The transaction values Sun Country at approximately $1.5 billion in fully diluted equity value, inclusive of $400 million of net debt. Upon closing, Allegiant shareholders will own approximately 67% of the combined company, while Sun Country shareholders will own approximately 33%. The transaction is expected to close in the second half of 2026, subject to customary closing conditions including regulatory and shareholder approvals. The combined company will operate under the Allegiant name, headquartered in Las Vegas, with a significant ongoing presence in Minneapolis-St. Paul. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-001029.txt - 2026-01-13 · 425 (0001140361-26-001023): 425 - Allegiant Travel CO — *Allegiant Travel Company is a low-cost airline operator with a flexible capacity business model focused on leisure travel; Sun Country Airlines is a Minneapolis-based carrier with 45 aircraft and 3,000+ employees, also operating a leisure-focused model with diversified businesses including cargo operations.* Allegiant Travel Company announced its acquisition of Sun Country Airlines Holdings, Inc. in a town hall presentation to employees on January 12, 2026. The transaction is expected to close in the second half of 2026, subject to regulatory approvals and other customary closing conditions. The combined company will operate under the Allegiant name, with headquarters and operations control remaining in Las Vegas. Current collective bargaining agreements will remain in place, and formal negotiations for joint CBAs will begin after the National Mediation Board makes a single-carrier determination, typically after deal close. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-001023.txt - 2026-01-13 · 425 (0001140361-26-001028): 425 - Allegiant Travel CO — *Allegiant Travel Company is a leisure airline operator based in Las Vegas, Nevada, operating a fleet of owned aircraft and employing a flexible capacity business model focused on affordable leisure travel.* Allegiant Travel Company has reached an agreement to acquire Sun Country Airlines Holdings, Inc., creating a combined leisure airline operator. The transaction is expected to close in the second half of 2026, subject to regulatory and shareholder approvals from the Department of Transportation, Department of Justice, and other agencies. Upon closing, the combined airline will operate approximately 195 aircraft and 650 routes (with only one overlapping route), with Allegiant CEO Greg Anderson leading the combined company. The combined entity will maintain headquarters in Las Vegas and a significant operational presence in Minneapolis-Saint Paul, and will eventually transition to a single unified brand under the Allegiant name after obtaining a single operating certificate from the FAA. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-001028.txt - 2026-01-27 · 425 (0001140361-26-002428): 425 - Allegiant Travel CO — *Allegiant Travel Company is a scheduled air transportation company based in Las Vegas, Nevada.* Allegiant Travel Company announced its acquisition of Sun Country Airlines Holdings, Inc. in a video communication from Allegiant CEO Greg Anderson to Sun Country employees on January 26, 2026. The combination is intended to create a more competitive and resilient airline by bringing together two profitable airlines with complementary strengths, expanding the network, and strengthening year-round flying through expanded passenger, charter, and cargo operations. Allegiant committed to maintaining a significant presence in Minneapolis-St. Paul, which will serve as the largest operating base for the combined company, while the shared organization will be headquartered in Las Vegas. The integration will be led by Allegiant's Michael Broderick and supported by Sun Country's Eric Levenhagen through an Integration Management Office. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-002428.txt - 2026-02-05 · 425 (0001140361-26-003900): 425 - Allegiant Travel CO — *Allegiant Travel Company operates a leisure airline in the United States.* Allegiant Travel Company agreed to acquire Sun Country Airlines Holdings, Inc. in a transaction announced in early January 2026. The merger is expected to close in the second half of 2026, subject to shareholder approval, regulatory approval (including Hart-Scott-Rodino filing), and customary closing conditions. The cash consideration is approximately $4 per Sun Country share, totaling approximately $200 million. Allegiant plans to finance the cash component through a combination of refinancing a bond maturing in Q3 2027, potential asset sales (over $1 billion in unencumbered aircraft and engines available), or existing cash balances. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-003900.txt - 2026-02-17 · 425 (0001140361-26-005806): 425 - Allegiant Travel CO — *Sun Country Airlines Holdings, Inc. operates a scheduled airline service with a strong presence in the Minneapolis-Saint Paul market, having transformed from the worst-performing airline in 2017 to one of the best-performing by operating margin, with operations spanning 525 markets and a fleet of A320 and 737 aircraft.* Allegiant Travel Company is acquiring Sun Country Airlines Holdings, Inc. in a pending transaction expected to close in the back half of 2026, subject to regulatory approvals including HSR filing and shareholder approval. The combined company will operate as a single leisure airline with Minneapolis as the largest operating base. Allegiant CEO Greg Anderson outlined integration plans including an Integration Management Office (IMO) to oversee a multi-year integration process across four phases: setup/blueprint (ending February 2026), design/day-one readiness, post-close integration, and final unification. The transaction will eventually result in a single Allegiant brand, though both airlines will operate under distinct brands in the near term. No changes to compensation or benefits are expected on day one of closing, and severance will be provided for corporate-level positions that relocate to Las Vegas headquarters. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-005806.txt - 2026-02-23 · 425 (0001140361-26-006422): 425 - Allegiant Travel CO — *Allegiant Travel Company is a low-cost leisure airline operator with a network of 22 bases, strong operational metrics, and a focus on the leisure travel market; Sun Country Airlines is a Minneapolis-based carrier with scheduled service, cargo, and charter operations.* Allegiant Travel Company is acquiring Sun Country Airlines Holdings, Inc. in a transaction expected to close in the back half of 2026. The acquisition combines two profitable leisure carriers with complementary networks—Allegiant operates from 22 bases while Sun Country has a strong presence in Minneapolis-Saint Paul (MSP). Post-close, the combined company will initially operate under two separate brands before eventually unifying under the Allegiant brand after obtaining a single operating certificate. The integration will be phased thoughtfully to minimize disruption to customers and employees, with no immediate changes to pay, benefits, or day-to-day operations expected on closing. https://www.sec.gov/Archives/edgar/data/1362468/0001140361-26-006422.txt - 2026-05-13 · 8-K (0001140361-26-021056): 8-K 8-K https://www.sec.gov/Archives/edgar/data/1362468/000114036126021056/ef20073018_8k.htm ## Citations - 0001140361-26-000908 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126000908 - 0001140361-26-001026 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126001026 - 0001140361-26-001029 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126001029 - 0001140361-26-001023 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126001023 - 0001140361-26-001028 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126001028 - 0001140361-26-002428 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126002428 - 0001140361-26-003900 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126003900 - 0001140361-26-005806 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126005806 - 0001140361-26-006422 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126006422 - 0001140361-26-021056 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000114036126021056