Allegiant to buy Sun Country Airlines in $1.5 billion deal
Allegiant Travel said that it plans to buy Sun Country Airlines in a $1.5 billion deal.
The combination of the two small, budget airlines comes as low-cost carriers have struggled with high costs and competition in recent years, putting pressure on some to seek out growth and scale through mergers.
Allegiant and Sun Country generally focus on providing cheap flights to people traveling for fun or to visit friends and family. Together, they expect to serve almost 175 cities in the U.S. and other nearby countries.
Sun Country, which flies out of Orlando International Airport, offers flights from the City Beautiful to destinations including Anchorage, Alaska; Boise, Idaho; Chicago; Denver; Las Vegas; Phoenix; Philadelphia; St. Maarten and the U.S. Virgin Islands via its hubs in Minneapolis/St. Paul and Milwaukee.
Allegiant, which flies out of both OIA and Orlando Sanford International Airport, offers flights from Central Florida to places like Albany, N.Y.; Allentown, Pa.; Asheville, N.C.; Cincinnati; Pittsburgh; Provo, Utah; and Wichita, Kans.
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