Allegiant to buy rival budget airline Sun Country for around $1.5 billion

Core Viewpoint - Budget air carriers Allegiant and Sun Country Airlines will merge, indicating a trend towards consolidation in a highly competitive airline industry [1] Company Summary - Allegiant and Sun Country Airlines are both budget air carriers [1] - The merger represents a strategic move to enhance competitiveness within the industry [1] Industry Summary - The airline industry is experiencing significant consolidation as companies seek to strengthen their market positions [1] - This merger is part of a broader trend in the industry, reflecting ongoing competitive pressures [1]