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Category Sun Country

Allegiant Acquires Sun Country

Allegiant

Allegiant and Sun Country announced a transaction through which Allegiant will acquire Sun Country Airlines at a value of $1.1 billion, plus the absorption of $400 million in debt for a total of $1.5 billion. Sun Country Shareholders will receive…

Sun Country Profitable as ULCCs Flounder

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Sun Country Airlines reported its 1st quarter 2024 earnings, with revenues up 6% over 2023 to a record $312 million and a quarterly profit of $35.3 million, down $2.9 million year over year.  Sun Country Airlines has remained profitable while…

US airline industry fleet concentration

As of the 2Q18, here is where we stood with the US airline industry in-service fleet. The top four airlines accounted for 79% of the fleet.  That is concentrated and clearly points to industry followers needing to be au fait…