The deal closure removes overhang and provides a clear synergy target of ~$140M annually within three years. Monitor integration progress, particularly the single operating certificate timeline and any labor integration issues. The EPS accretion guidance in the first full year post-closing is a key catalyst to track against quarterly results.
Price Chart
Executive Summary
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 deal closed with Sun Country shareholders receiving $4.10 cash plus 0.1557 Allegiant shares per Sun Country share, and Allegiant expects ~$140M in annual synergies within three years and EPS accretion in the first full year post-closing.
Key Facts
- Acquisition of Sun Country closed on May 13, 2026, per the Merger Agreement dated January 11, 2026
- Sun Country shareholders received $4.10 cash plus 0.1557 Allegiant shares per share
- Combined company has 195 aircraft, ~175 cities, 650+ routes, and serves ~22M annual customers
- Allegiant expects ~$140M in annual synergies within three years post-closing
- Transaction expected to be accretive to EPS in the first full year post-closing
- Board expanded from 8 to 11 directors; three Sun Country directors appointed including former Sun Country CEO Jude Bricker
- Jude Bricker entered into an Advisory Services Agreement at $26,650/month for integration support
- Sun Country common stock ceased trading on NASDAQ; ALGT continues trading on NASDAQ
Financial Impact
Expected ~$140M in annual synergies within three years; transaction expected to be accretive to EPS in first full year post-closing; consideration of $4.10 cash + 0.1557 ALGT shares per SNCY share
Risk Factors
- Integration risk — combining two airlines with separate operating certificates, labor agreements, and brands
- Dilution from stock consideration — 0.1557 ALGT shares per SNCY share issued
- Synergy realization risk — $140M target may take longer or cost more to achieve than expected
- Potential corporate role overlap and associated restructuring costs
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001140361-26-021056 |
| Document: ef20073018_ex10-1.htm | 0001140361-26-021056 |
| Document: ef20073018_ex99-1.htm | 0001140361-26-021056 |
| Document: ef20073018_ex3-1.htm | 0001140361-26-021056 |
| Document: ef20073018_ex23-1.htm | 0001140361-26-021056 |
| Document: 0001140361-26-021056-index-headers.html | 0001140361-26-021056 |
| Document: 0001140361-26-021056-index.html | 0001140361-26-021056 |
| Document: 0001140361-26-021056.txt | 0001140361-26-021056 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $67.67 | awaiting T+60 | — | $68.59 (+1.36%) |
Oct 19, 2026 6d ago | 8-K | $69.03 | awaiting T+60 | — | $68.59 (−0.64%) |
Aug 5, 2026 11w ago | Institutional Cluster | $97.17 | awaiting T+60 | — | $68.59 (−29.41%) |
Aug 3, 2026 12w ago | 8-K | $103.48 | awaiting T+60 | — | $68.59 (−33.72%) |
Jul 30, 2026 12w ago | 8-K | $98.08 | awaiting T+60 | — | $68.59 (−30.07%) |
Jul 20, 2026 14w ago | Press Release | $102.17 | awaiting T+60 | — | $68.59 (−32.87%) |
Jun 30, 2026 16w ago | 8-K | $117.60 $77.26 | ▼ −34.30% | ▼ −37.87% | $68.59 (−41.68%) |
Jun 9, 2026 19w ago | 8-K | $86.69 $74.78 | ▼ −13.74% | ▼ −17.55% | $68.59 (−20.88%) |
May 15, 2026 23w ago | 3 | $74.66 $84.44 | ▲ +13.10% | ▲ +8.25% | $68.59 (−8.13%) |
May 13, 2026 23w ago | 8-K | $80.38 $89.54 | ▲ +11.40% | ▲ +7.81% | $68.59 (−14.67%) |
US Market Status
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