Allegiant Travel (ALGT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
ALGT inks a $1.5B cash-and-stock deal to buy Sun Country, paying $18.89 a share and aiming for $140M in annual synergies.
Investors see sunshine for Sun Country Airlines stock following news that it plans to merge with another ultra-low-cost carrier.
Allegiant Travel Company (ALGT) M&A Call Transcript
Allegiant Travel Company (NASDAQ:ALGT) stock is down 3.9% to trade at $91.24 at last glance, after news that the company will buy budget airline competitor Sun Country Airlines (SNCY) in a deal valued $1.5 billion, or $18.89 per share, which is expected to close in the second half of 2026.
The deal will expand the combined company's network, adding more destinations across the US and international markets.
Budget airlines in the U.S. like Allegiant and Sun Country have faced a surge in costs following the pandemic and the increase in domestic capacity.
OI, MMS and ALGT made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 5th, 2026.
With ALGT shares moving north, we assess the current positioning of the stock to determine if it's a good investment at this juncture.
ALGT posts strong November gains as traffic outpaces capacity, lifting load factor and boosting passenger volumes.
Allegiant Travel (ALGT) reported earnings 30 days ago. What's next for the stock?
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