Allegiant Travel Company Completes Merger with Sun Country Airlines

Allegiant Travel Company completed a merger with Sun Country Airlines during the second quarter of 2026. Acting as the purchasing entity, the travel and leisure firm utilized a majority of its own shares to fund the acquisition of the airline.

The transaction was detailed in a mid-2026 investor letter from Legacy Ridge Capital Management, a Colorado-based hedge fund. Prior to the merger, Legacy Ridge held positions in both companies. The fund expressed confidence in the management team of Allegiant Travel Company to integrate the two businesses and subsequently rolled over all its shares into the merged entity.