Allegiant Travel CO

Allegiant Travel Company announced the pricing of an upsized private offering of $650.0 million in 7.125% Senior Secured Notes due 2031. The offering size was increased by $150.0 million from the previously announced $500.0 million. The net proceeds will be used to fully refinance the existing $403.0 million 7.25% Senior Secured Notes due 2027 and for general corporate purposes. The Notes are expected to be issued on June 24, 2026.

Allegiant Travel Company has announced a significant debt financing and refinancing strategy, including a $500 million offering of Senior Secured Notes due 2031 and a cash tender offer to repurchase its outstanding 7.25% Senior Secured Notes due 2027. The company also detailed recent aircraft financing transactions totaling over $264 million. Additionally, pro forma financial information is presented, reflecting the acquisition of Sun Country Airlines Holdings, Inc., with combined assets of $5,963,029 thousand as of March 31, 2026, a net income of $72,424 thousand for the first quarter of 2026, and a net loss of $52,175 thousand for the full year 2025.

Allegiant Travel Company announced its Annual Meeting of Stockholders will be held on Thursday, June 25, 2026, at its headquarters in Las Vegas. Stockholders of record as of April 29, 2026, are entitled to vote on proposals including the election of 11 directors, an advisory vote on executive compensation, and the ratification of KPMG LLP as independent auditors for 2026. The board recommends voting in favor of all proposals. Three new directors, Jude Bricker, Thomas Kennedy, and Jennifer Vogel, were added to the board on May 13, 2026, following the acquisition of Sun Country Airlines Holdings, Inc.

Allegiant Travel Company reported a strong 2025, its best year in company history, marked by exceptional operating performance including a 99.9% controllable completion rate and industry-leading metrics in cancellations and baggage handling. The company divested Sunseeker Resort to refocus on its core low-fare airline business, expanded earnings significantly, and fully inducted 16 Boeing 737 MAX aircraft. Looking ahead, Allegiant's key priorities include the integration of the Sun Country acquisition, expected to be accretive to EPS with $140 million in synergies, continued MAX fleet expansion, and enhancing commercial offerings and technology.

Allegiant Travel Company completed its acquisition of Sun Country Airlines on May 13, 2026, making Sun Country a wholly owned subsidiary. The deal, valued at $4.10 cash and 0.1557 Allegiant shares per Sun Country share, creates a leading leisure-focused U.S. airline with a combined fleet of 195 aircraft serving nearly 175 cities. Allegiant expects to realize approximately $140 million in annual synergies within three years and anticipates the transaction to be accretive to EPS in the first full year post-closing. As part of the integration, Allegiant expanded its board to eleven directors, adding three former Sun Country directors, including Jude Bricker, who will also provide advisory services.

Allegiant Travel Company announced significant progress in its proposed acquisition of Sun Country Airlines, with regulatory approvals secured and shareholder meetings scheduled for May 8, 2026, targeting a May 13 closing. Concurrently, the company reported a record first quarter total operating revenue of $732.4 million, a 9.6% increase year-over-year when excluding prior year Sunseeker results. Net income rose 32.3% to $42.5 million, with diluted EPS at $2.30. The company also incurred $27.8 million in special charges, primarily due to merger integration costs and a credit loss.

Allegiant Travel Company reported strong first quarter 2026 financial results with adjusted diluted EPS of $3.77, up 78.7% year-over-year, and record total operating revenue of $732.4 million. The company announced that the acquisition of Sun Country is expected to close as early as mid-May, pending shareholder approvals. For the second quarter of 2026, Allegiant anticipates a ~6.5% year-over-year capacity reduction and an adjusted operating margin between 0.0% and 2.0% due to the higher fuel environment.

Allegiant Travel Company and Sun Country Airlines Holdings, Inc. provided an update on their pending merger, including the upcoming stockholder meetings on May 8, 2026. The companies disclosed two lawsuits and several demand letters challenging the merger due to alleged disclosure deficiencies in the Joint Proxy Statement/Prospectus. While denying the allegations, Allegiant and Sun Country are voluntarily issuing supplemental disclosures to address these claims and prevent delays, which include updated financial forecasts and valuation analyses.

Allegiant Travel Company announced the three individuals designated by Sun Country Airlines who will join Allegiant's board of directors upon the completion of their merger. Jude Bricker, Sun Country's President and CEO, along with Jennifer Vogel and Thomas Kennedy, were approved by Allegiant's Nominating and Governance Committee. This action is a direct result of the previously announced merger agreement, which stipulated an increase in Allegiant's board size by three members from Sun Country.

Allegiant Travel Company and Sun Country Airlines Holdings, Inc. announced that the U.S. Department of Transportation (DOT) has granted the requested interim exemption for their previously announced merger. This approval was a key condition for the completion of the merger, which was initially agreed upon on January 11, 2026. The DOT's decision on April 15, 2026, moves the companies closer to finalizing their merger.