Honestly, looking at an Allegiant Air stock quote right now is like trying to read a map while the terrain is literally shifting under your feet. One minute you're looking at a standard budget airline ticker (NASDAQ: ALGT), and the next, you're looking at a company that just decided to swallow its biggest rival in a $1.5 billion deal. If you've been tracking the price lately, you know it’s been a wild ride. As of mid-January 2026, we're seeing the stock hover around the **$89 to $90** mark.
It's been jumpy. Very jumpy.
Just a few days ago, the price was sitting lower, but the news of the Sun Country Airlines acquisition acted like a shot of adrenaline. Or maybe a shot of espresso—the kind that makes you jittery but productive. Most people see the "Allegiant" name and think of cheap flights to Vegas or Florida. But investors? They’re looking at something much weirder and, frankly, more interesting.
The Sun Country Bombshell and Your ALGT Quote
The big news that’s currently baking into the Allegiant Air stock quote is the definitive merger agreement with Sun Country Airlines. This isn't just a small expansion. It’s a massive $1.5 billion cash-and-stock play.
Think about it. Allegiant is traditionally the king of "peaking the peaks"—flying people from small towns like Appleton or Asheville to vacation spots only when demand is high. Sun Country does that too, but they also have a massive cargo business (flying for Amazon) and a huge charter wing. By mashing these two together, Allegiant is basically trying to build a "weather-proof" airline.
Is it working? Well, the market seems to think so, or at least it’s cautiously optimistic. When the deal was announced on January 11, 2026, the stock took a noticeable pop. The plan is to close the deal in the second half of 2026. Until then, every bit of news about antitrust clearance or shareholder votes is going to make that ticker bounce.
What the Numbers Actually Say
Let's get into the weeds for a second. The current 52-week range is pretty staggering: $39.82 to $107.46. That is a massive spread. If you bought at the bottom last year, you’re feeling like a genius. If you bought at the top, you’re probably checking the quote every ten minutes with a grimace.
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- Market Cap: Around $1.64 billion.
- Average Volume: 382,167 shares.
- Price-to-Book: Roughly 1.55.
These aren't just dry stats. They tell a story of a company that was heavily weighed down by a side project that almost everyone hated: the Sunseeker Resort.
The Blackstone Exit: Why the "Overhang" is Gone
For years, the Allegiant Air stock quote was held back by a massive construction project in Florida. The Sunseeker Resort was supposed to be a game-changer, but for investors, it was a money pit. It was expensive. It was distracting. It felt like an airline trying to be a hotelier, and the market punished them for it.
Then Blackstone stepped in.
In mid-2025, Allegiant reached a deal to sell the resort to Blackstone for $200 million. It was a "get out of jail" card. Analysts like those at Raymond James and Evercore ISI immediately cheered. They called it the removal of a "sentiment overhang." Basically, the market stopped worrying about Allegiant's hotel dreams and started focusing on its planes again. This sale allowed Allegiant to clean up its balance sheet just in time to go shopping for Sun Country.
The 737 MAX Factor
You can't talk about Allegiant right now without talking about Boeing. They have a massive order for 737 MAX aircraft. The transition from an all-Airbus fleet to a mixed fleet is a headache, but the fuel efficiency gains are supposed to be the secret sauce for 2026 profitability.
Management expects about 20% of 2026 capacity to come from these MAX planes. If Boeing delivers on time—which is always a big "if"—the margins could look significantly better by this time next year. S&P Global Ratings recently shifted their outlook on Allegiant from negative to stable because they see this fleet transition finally gaining some traction.
What Most People Miss About the Quote
When you look at a stock quote, you’re seeing a snapshot. But with Allegiant (ALGT), the snapshot is blurry because of "ancillary revenue."
Allegiant is actually better at selling you "stuff" than they are at selling you seats. We’re talking about $75.83 per passenger in extras. Bags, seats, credit card deals with Bank of America—that’s where the real money is. In fact, their co-brand credit card remuneration is a massive chunk of their cash flow.
If you see the stock price dipping, check the travel demand for "unbundled" leisure travel. If people are still willing to pay $30 for a carry-on bag, Allegiant is usually doing okay.
The Risks: What Could Tank the Price?
It's not all sunshine and synergies. There are real risks that could send the Allegiant Air stock quote back toward that 52-week low.
- Antitrust Hurdles: The DOJ hasn't been particularly friendly to airline mergers lately. Look at what happened with JetBlue and Spirit. If the Sun Country deal gets blocked, expect a sharp drop in ALGT.
- Pilot Labor Costs: Like every other airline, Allegiant is paying through the nose for pilots. Retention bonuses and new contracts are eating into the EBITDA margins.
- The Integration Nightmare: Merging two airlines is like performing open-heart surgery while running a marathon. If the tech systems don't talk to each other or the cultures clash, those "synergies" everyone is talking about will vanish.
Actionable Insights for Tracking ALGT
If you're watching this stock, don't just stare at the daily price. It’s too noisy. Instead, keep an eye on these three specific things:
Keep a close eye on the SEC filings regarding the Sun Country merger. The "second half of 2026" timeline is the target, but any delay is a red flag. Watch the quarterly earnings reports for the "airline-only" margins. Now that Sunseeker is mostly out of the picture, these numbers should be much cleaner. Finally, track the 737 MAX delivery schedule. If Allegiant starts flying more of these fuel-efficient planes, their CASM (cost per available seat mile) will drop, which is usually a "buy" signal for institutional investors.
The average analyst price target has recently been bumped up to around $102.41. That suggests there’s still some room to run if the merger goes smoothly. But in the airline world, "smoothly" is a relative term.
Watch the volume. If you see a massive spike in trading volume without a corresponding price jump, something is brewing behind the scenes. Usually, it's institutional investors repositioning themselves before a big announcement.
Stay skeptical, keep your eyes on the fuel prices, and remember that an airline stock is never a "set it and forget it" investment. It's more like a hobby that requires constant attention and a very strong stomach.