TravelNewsAPI
Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes - CNBC
Overview
Allegiant Travel Co. completed its acquisition of Sun Country Airlines, and CEO Greg Anderson said the combined carrier will keep focusing on a low-cost leisure strategy despite rising fuel costs. Anderson argued that leisure travel demand remains strong, supporting the airline's model even as input prices grow. The deal is another sign of consolidation among budget carriers and could affect low-cost capacity and pricing dynamics across the market.
Entities
ORGCNBCORGAllegiant Travel Co.ORGAllegiant AirORGSun Country AirlinesGreg Anderson
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