Allegiant Travel Company (ALGT) shares rose 5.5% to $116.10 in the most recent trading session, reflecting a 21.3% increase over the past month. This surge follows an upgrade and increased target price from an analyst at Citigroup, attributed to the expected synergies from its merger with Sun Country Airlines, completed in early 2026.
Allegiant’s merger with Sun Country expands its network to nearly 175 cities and 650 routes, enhancing its competitive position in the U.S. leisure airline market. Despite the positive outlook, the company is projected to report a quarterly loss of $0.54 per share, a significant year-over-year decline of 143.9%, with expected revenues of $743.28 million, up 7.8% from the previous year.
Alaska Air Group (ALK) also saw a slight increase of 1.1%, closing at $53.86. ALK’s forecasted EPS remains unchanged at -$0.93, indicating a 152.3% decline compared to last year. Both Allegiant and Alaska Air carry a Zacks Rank of #3 (Hold).
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