business
Allegiant CEO makes case for low-cost airline model as Sun Country acquisition closes
Key takeaways
- Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
- "Our model was built to protect margins and not chase growth," Anderson said in an interview with CNBC.
- The Las Vegas-based airline announced its $1.5 billion cash and stock agreement, including debt, to buy Minneapolis-based Sun Country in January.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
Allegiant Travel Co.'s acquisition of Sun Country Airlines closed on Wednesday, and the chief executive of the combined company, Greg Anderson, said Allegiant Air will continue to stand out despite industry turmoil, including a surge in jet fuel costs.
"Our model was built to protect margins and not chase growth," Anderson said in an interview with CNBC.
Article preview — originally published by CNBC. Full story at the source.
Read full story on CNBC →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CNBC alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop