Allegiant Travel CO
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Allegiant Air has finalized its $1.5 billion acquisition of Sun Country Airlines, creating the fifth-largest U.S. airline by passenger volume. The combined entity will initially operate as separate brands for 18-24 months, eventually transitioning fully to the Allegiant name. This merger aims to create a more durable airline with a combined fleet of approximately 300 aircraft.
Alignment Healthcare (ALHC) is set to join the S&P SmallCap 600 index on May 14, 2026, replacing Sun Country Airlines Holdings (SNCY). This change is due to Allegiant Travel (ALGT) acquiring Sun Country Airlines, an acquisition nearing its final closing conditions. The move signifies a shift in the index's composition from an airline to a healthcare company.
Allegiant Air is offering a 50% points-back rebate and a temporary fare freeze for passengers affected by the Spirit Airlines shutdown. Spirit customers can rebook qualifying Allegiant flights using a promo code through May 12, 2026, for travel until July 20. This initiative aims to help re-accommodate stranded travelers, leveraging Allegiant's existing expansions in some Spirit markets.
