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CNBC • Leslie Josephs

Allegiant completes $1.5B acquisition of Sun Country, consolidating charter and cargo under the leisure carrier

Allegiant Travel Company has closed its roughly $1.5 billion acquisition of Sun Country after regulator and shareholder approvals, formally merging Allegiant Air and Sun Country to create a larger U.S. leisure carrier. The brands are expected to operate separately in the near term, with Sun Country’s charter and cargo arms coming under Allegiant control.

2026-05-13T14:24:56.209126-07:00

Bloomberg

Air New Zealand flags FY2026 losses exceeding $300m+ as volatile jet-fuel prices hit demand and raises risk of further capacity

2026-05-13T15:43:57.515939-07:00

ch-aviation

US court approves Spirit Airlines’ formal wind-down as bankruptcy-adviser costs climb

2026-05-12T09:48:59.444982-07:00

AeroTime

Air Antilles shuts down after Guadeloupe court orders final liquidation

2026-05-12T13:00:48.618989-07:00

News Timeline

Bloomberg

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Air New Zealand flags FY2026 losses exceeding $300m+ as volatile jet-fuel prices hit demand and raises risk of further capacity Air New Zealand says its losses are set to steepen in FY2026, projecting more than $300 million in total losses as elevated and volatile global jet-fuel prices weigh on costs. The carrier is trimming 5% of flights and reviewing which international routes to reduce, citing softening demand and “material uncertainty.”

2026-05-13T15:43:57.515939-07:00

Air New Zealand flags FY2026 losses exceeding $300m+ as volatile jet-fuel prices hit demand and raises risk of further capacity

CNBC

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Allegiant completes $1.5B acquisition of Sun Country, consolidating charter and cargo under the leisure carrier Allegiant Travel Company has closed its roughly $1.5 billion acquisition of Sun Country after regulator and shareholder approvals, formally merging Allegiant Air and Sun Country to create a larger U.S. leisure carrier. The brands are expected to operate separately in the near term, with Sun Country’s charter and cargo arms coming under Allegiant control.

2026-05-13T14:24:56.209126-07:00

Allegiant completes $1.5B acquisition of Sun Country, consolidating charter and cargo under the leisure carrier

ch-aviation

Cebu Pacific halts common dividends for 2026 and defers preferred payouts amid Middle East-linked fuel volatility Cebu Pacific Air will not pay out common dividends for 2026 and will defer preferred share dividends, citing financial pressure from fuel price volatility tied to the Middle East conflict. The decision signals tighter cash allocation as Jet A cost swings challenge airline profitability planning for the year ahead.

2026-05-12T15:39:15.442605-07:00

Cebu Pacific halts common dividends for 2026 and defers preferred payouts amid Middle East-linked fuel volatility

AeroTime

Air Antilles shuts down after Guadeloupe court orders final liquidation Air Antilles has permanently ceased operations after a Guadeloupe court ordered liquidation, following months of financial distress. The shutdown follows an earlier period of grounded activity and rejected rescue attempts, closing the airline’s remaining legal and commercial pathway.

2026-05-12T13:00:48.618989-07:00

Air Antilles shuts down after Guadeloupe court orders final liquidation

AINonline

Jefferies: Business aviation looks resilient post-pandemic and remains a stable investment theme Jefferies’ analysis flags business aviation as a post-pandemic resilience story, positioning the sector as a relatively stable investment opportunity. The note frames ongoing demand durability as the key underpinning, even as broader aerospace cyclicality continues to shape investor risk sentiment.

2026-05-12T11:30:01.644078-07:00

Jefferies: Business aviation looks resilient post-pandemic and remains a stable investment theme

ch-aviation

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US court approves Spirit Airlines’ formal wind-down as bankruptcy-adviser costs climb A US court has approved Spirit Airlines’ formal wind-down of operations, effectively moving the restructuring toward an operational end-state. Separate reporting highlights that bankruptcy adviser fees are already running up to about $80mn, underscoring the cost drag as the carrier exits.

2026-05-12T09:48:59.444982-07:00

US court approves Spirit Airlines’ formal wind-down as bankruptcy-adviser costs climb

Air Data News

Boeing restarts internal studies for a new upper-end single-aisle to challenge Airbus’ A321neo Boeing is intensifying internal work on a new commercial aircraft positioned at the upper end of the single-aisle market, where Airbus has built a strong lead with the A321neo family. The company’s renewed studies come as its broader commercial-aircraft strategy remains in flux amid ongoing industry competition.

2026-05-12T03:24:18.391434-07:00

Boeing restarts internal studies for a new upper-end single-aisle to challenge Airbus’ A321neo

FlightGlobal

Azul rebounds with record Q1 2026 EBITDA after exiting restructuring Azul has reported record Q1 2026 EBITDA of R$1.7 billion (US$345.9 million), up 22.6% year on year, with a 31.1% margin. Operating income rose to R$1.0 billion (US$203.4 million), marking its first quarter since leaving financial restructuring in February.

2026-05-08T16:09:01.815699-07:00

Azul rebounds with record Q1 2026 EBITDA after exiting restructuring

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Aircraft Demand: Airline Distress & Consolidation News

Allegiant completes $1.5B acquisition of Sun Country, consolidating charter and cargo under the leisure carrier

Air New Zealand flags FY2026 losses exceeding $300m+ as volatile jet-fuel prices hit demand and raises risk of further capacity

US court approves Spirit Airlines’ formal wind-down as bankruptcy-adviser costs climb

Air Antilles shuts down after Guadeloupe court orders final liquidation

News Timeline