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Transport and logistics

Allegiant to acquire Sun Country in $1.5B cash-and-stock deal

Las Vegas-based Allegiant Travel Co. (NASDAQ:ALFT) and Minneapolis-based Sun Country Airlines Holdings (NASDAQ:SNCY) announced Sunday that Allegiant has agreed to acquire Sun Country in an all-cash-and-stock transaction valued at approximately $1.5 billion, marking the latest move in a wave of consolidation among smaller U.S. carriers.

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Transport and logistics

Norwegian Cruise Line shares rise on positive Carnival outlook

Shares of Norwegian Cruise Line (NYSE:NCLH) rose by 5.9% in the morning session after its competitor, Carnival, announced strong future guidance and reinstated its dividend, fueling investor optimism across the cruise industry.

Carnival projected an adjusted net income of $3.5 billion for fiscal 2026, surpassing analysts’ expectations, and declared the return of its quarterly dividend.

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