Sun Country Airlines’ days as an independent low-cost carrier are numbered. Allegiant Air has agreed to acquire the Minneapolis-based airline for roughly $1.5 billion in a cash-and-stock deal, setting up a consolidation that would fold Sun Country into a larger, leisure-oriented network headquartered in Las Vegas. Under these terms, Sun Country shareholders are set to receive 0.1557 Allegiant shares plus $3.10 in cash per share, offering an implied value of $18.89 and a rough premium of 19.8% to the airline’s prior stock price. If regulators and shareholders sign off, the companies expect to close in the second half of 2026. Reports indicate that the combined operation would run under the Allegiant name, removing Sun Country Airlines from the skies.