Las Vegas-based Allegant and Minneapolis-based Sun Country both focus on budget-conscious travelers. Allegiant Travel Company has announced the acquisition of the budget airline Sun Country in a cash-and-stock deal valued at $1.5 billion, including debt. This comes as U.S. budget airlines face rising costs in the post-pandemic era and increased domestic flight capacity. Allegiant's CEO, Greg Anderson, stated: "The merger of our two integrated airlines will create the leading and most competitive airline for leisure travel in the United States." At a time when budget airlines...
