Allegiant Travel, Sun Country achieve regulatory milestone for merger

Allegiant Travel (ALGT) and Sun Country Airlines (SNCY) “announced that the U.S. Department of Transportation has approved the joint interim exemption application of their respective airline subsidiaries that will allow both airlines to continue operating as separate carriers under common ownership after closing, pending further action by the DOT. This milestone marks a significant step toward completing Allegiant’s previously announced proposed acquisition of Sun Country. Under the terms of the approval, following the closing of the proposed transaction, Allegiant and Sun Country will continue to operate independently, preserving their unique business models, route networks, and customer experiences while advancing toward a single operating certificate. The companies believe this structure will enable both airlines to continue delivering value to customers, employees, and stakeholders while ensuring operational continuity.”