Leisure Carrier Mergers and Acquisitions Boost Passenger Capacity

Allegiant Air has announced the acquisition of Sun Country Airlines for $1.5 billion in cash and stock, with the deal expected to be completed by the end of 2026 if approved by competition authorities. The combined entity will operate under the Allegiant brand and carry around 22 million passengers per year. Both airlines have similar business models and complementary route networks, with Allegiant focusing on leisure travel and Sun Country serving a broader range of destinations throughout the US. According to AeroTime, the acquisition is expected to generate $140 million in annual synergies.