Allegiant Travel Company (NASDAQ: ALGT) and Sun Country Airlines (NASDAQ: SNCY) have announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 has been terminated early in connection with Allegiant's proposed acquisition of Sun Country. This is a significant step toward completing the combination of the two airlines, which is now expected to close in the second or third quarter of 2026, subject to other customary closing conditions.
Allegiant CEO Greg Anderson expressed his satisfaction at receiving U.S. antitrust clearance, stating that the combination will deliver meaningful benefits for customers, team members, and the communities served by the airlines. He emphasized that together, Allegiant and Sun Country will create a stronger leisure-focused airline, offering a broader network, more travel options, and increased long-term value creation for shareholders.
Allegiant, a Las Vegas-based integrated travel company, has been focused on connecting customers with vacation destinations since 1999. The company operates an all-nonstop flights model and offers industry-low average fares. Since the last period, Allegiant has continued to expand its fleet and serve communities across the nation, maintaining base airfares at less than half the cost of the average domestic roundtrip ticket. The market has reacted to these announcements by moving the company's shares 0.88% to a price of $17.715. For more information, read the company's full 8-K submission here.
