Allegiant Travel Company (NASDAQ:ALGT)  is one of the most promising stocks under $100 to buy. On March 16, Allegiant Travel Company and Sun Country Airlines (NASDAQ:SNCY) announced the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act regarding their proposed merger. This development signifies that the companies have received US antitrust clearance from the Department of Justice, marking a major milestone in the acquisition process.

The move brings the two leisure-focused carriers closer to combining their operations and expanding their collective service offerings. While antitrust clearance has been secured, the transaction remains subject to several customary closing conditions before it can be finalized. These include approval from the US Department of Transportation regarding an interim exemption application, as well as formal approval from the shareholders of both Allegiant and Sun Country. Following these regulatory and corporate steps, the companies currently expect the deal to close during Q2 or Q3 2026.

Leadership from Allegiant Travel Company (NASDAQ:ALGT) expressed confidence that the combination will provide significant benefits to customers, employees, and the communities served by both airlines. By joining forces, the entities aim to create a more robust leisure travel network with increased options for passengers. Additionally, the merger is intended to drive long-term value creation for shareholders by using the strengths of the two specialized carriers within the broader aviation market.

Photo by Toa heftiba on Unsplash

Allegiant Travel Company (NASDAQ:ALGT) is an airline company that provides travel and leisure services & products for underserved cities in the US. It also offers third-party travel products like hotel rooms, rental cars, and travel insurance.

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