Allegiant to buy Sun Country in $1.5 billion cash and stock deal as US budget airlines face rising costs
KEY POINTS Allegiant Travel Co. said Sunday it will acquire rival leisure carrier Sun Country Airlines in a $1.5 billion cash and stock transaction. A move that underscores growing consolidation pressure among US budget airlines struggling with higher post pandemic operating costs and expanding domestic capacity. The proposed Allegiant Sun Country merger brings together two … Read more