DOT Clears Way for Allegiant Acquisition of Sun Country

The latest update is out from Sun Country Airlines Holdings ( (SNCY) ).

Allegiant Travel Company and Sun Country Airlines Holdings, both U.S. low‑cost and leisure‑focused carriers, have structured a deal in which Sun Country will become a wholly owned subsidiary of Allegiant through a two‑step merger. Under this arrangement, the airlines plan to maintain separate brands and business models while progressing toward a single operating certificate, aiming to preserve distinct route networks and customer offerings.

On April 15, 2026, the companies announced that the U.S. Department of Transportation granted their joint interim exemption request, allowing both airlines to keep operating independently under Allegiant’s common ownership after the merger closes. This approval removes the last regulatory approval‑related condition to closing, clearing a key hurdle toward finalizing Allegiant’s acquisition of Sun Country, with shareholder votes set for May 8, 2026 and closing expected as early as May 13, 2026, subject to remaining customary conditions.

The most recent analyst rating on (SNCY) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Sun Country Airlines Holdings stock, see the SNCY Stock Forecast page.

Spark’s Take on SNCY Stock

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

The score is held back primarily by weak and volatile cash flow trends (including a sharp 2025 step-down) and bearish technical momentum (below key moving averages with negative MACD). Offsetting factors include a reasonable P/E and positive M&A-related corporate events, including key antitrust clearance.

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

More about Sun Country Airlines Holdings

Sun Country Airlines Holdings operates Sun Country Airlines, a Minnesota-based hybrid low‑cost carrier focused on leisure and visiting‑friends‑and‑relatives travel, charter flying and cargo operations for Amazon. The airline serves passengers across the U.S. and to destinations in Mexico, Central America, Canada and the Caribbean, leveraging shared resources across scheduled, charter and cargo segments to enhance efficiency and value.

Average Trading Volume: 1,087,430

Technical Sentiment Signal: Buy

Current Market Cap: $935.9M

See more insights into SNCY stock on TipRanks’ Stock Analysis page.