Allegiant Wins DOT Approval for Sun Country Acquisition

The latest announcement is out from Allegiant Travel Company ( (ALGT) ).

On April 15, 2026, Allegiant Travel Company and Sun Country Airlines said the U.S. Department of Transportation granted an interim exemption allowing both airlines to keep operating as separate carriers under common ownership after Allegiant’s planned acquisition closes. The approval clears the last regulatory hurdle for the deal and enables the companies to preserve distinct business models and networks while progressing toward a single operating certificate.

With regulatory sign-off secured, the remaining conditions to closing are customary items, including shareholder approval at special meetings set for May 8, 2026, paving the way for the transaction to close as early as May 13, 2026. The structure aims to maintain service continuity and protect value for customers, employees, and other stakeholders as the airlines coordinate a transition designed to support long-term growth and operational resilience.

The most recent analyst rating on (ALGT) stock is a Hold with a $100.00 price target. To see the full list of analyst forecasts on Allegiant Travel Company stock, see the ALGT Stock Forecast page.

Spark’s Take on ALGT Stock

According to Spark, TipRanks’ AI Analyst, ALGT is a Neutral.

The score is held down primarily by inconsistent profitability and a leveraged balance sheet, alongside bearish technical momentum. Positive offsets include constructive guidance and operational/cost improvements from the earnings call, plus favorable corporate developments (raised Q1 outlook and antitrust progress on the Sun Country deal), but these are not yet enough to outweigh the financial and trend risks.

To see Spark’s full report on ALGT stock, click here.

More about Allegiant Travel Company

Allegiant Travel Company is a Las Vegas-based integrated travel company built around a low-cost airline that connects travelers in small and medium-sized U.S. cities to major vacation destinations through all-nonstop flights and industry-low average fares. Sun Country Airlines, based in Minnesota, operates as a hybrid low-cost carrier focused on leisure and visiting-friends-and-relatives traffic, charter operations, and Amazon cargo service across the U.S., Mexico, Central America, Canada, and the Caribbean.

Average Trading Volume: 522,526

Technical Sentiment Signal: Buy

Current Market Cap: $1.57B

For a thorough assessment of ALGT stock, go to TipRanks’ Stock Analysis page.