- Alignment Healthcare Set to Join S&P SmallCap 600
May 11, 2026
NEW YORK, May 11, 2026 /PRNewswire/ -- Alignment Healthcare Inc. (NASD: ALHC) will replace Sun Country Airlines Holdings Inc. (NASD: SNCY) in the S&P SmallCap 600 effective prior to the opening of trading on Thursday, May 14. S&P SmallCap 600 constituent Allegiant Travel Co. (NASD: ALGT) is acquiring Sun Country Airlines Holdings in a deal expected to close soon, pending final closing conditions.
Following is a summary of the changes that will take place prior to the open of trading on the effective date:
Effective Date Index Name Action Company Name Ticker GICS Sector May 14, 2026 S&P SmallCap 600 Addition Alignment Healthcare ALHC Health Care May 14, 2026 S&P SmallCap 600 Deletion Sun Country Airlines Holdings SNCY Industrials
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- Sun Country Airlines Shareholders Clear Allegiant Merger in Preliminary Vote
May 9, 2026
Sun Country Airlines logo
Key Points
Interested in Sun Country Airlines Holdings, Inc.? Here are five stocks we like better. Sun Country Airlines shareholders preliminarily approved the company’s merger agreement with Allegiant Travel Company at a special meeting on May 8, 2026. The vote clears a key step in the planned transaction, though final results will be filed later with the SEC. The merger structure would have Sun Country first merge into a subsidiary of Allegiant, with Sun Country surviving as a wholly owned subsidiary before a second merger step follows. The board had recommended voting in favor of the merger, compensation, and adjournment proposals. According to the preliminary report, all three proposals passed: the merger agreement, the advisory compensation proposal for named executive officers, and the adjournment proposal. The company said final voting results will be included in a Form 8-K by May 14, 2026.
Sun Country Airlines (NASDAQ:SNCY) stockholders preliminarily approved the company’s proposed merger agreement with Allegiant Travel Company at a special meeting held virtually on May 8, 2026, according to remarks made during the meeting by Rose Neale, Sun Country’s senior vice president, chief legal officer and corporate secretary.
Neale said the special meeting was called to order at 9:00 a.m. Central Time and that a quorum was present, with shares represented virtually or by proxy constituting a majority in voting power of the company’s outstanding capital stock entitled to vote.
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The primary item before stockholders was a proposal to adopt the agreement and plan of merger dated Jan. 11, 2026, among Allegiant Travel Company, Mirage Merger Sub Incorporated, Sawdust Merger Sub LLC and Sun Country Airlines Holdings Inc.
Under the terms described by Neale, Mirage Merger Sub Incorporated would merge with and into Sun Country, with Sun Country surviving as a direct, wholly owned subsidiary of Allegiant Travel Company. Immediately after that transaction, Sun Country would merge with and into Sawdust Merger Sub LLC.
Three Proposals Presented to Stockholders
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Neale outlined three proposals brought before the special meeting:
Merger Agreement Proposal: A proposal to adopt the merger agreement with Allegiant Travel Company and the related merger structure. Merger-Related Compensation Proposal: An advisory, non-binding proposal to approve compensation that may be paid or become payable to Sun Country’s named executive officers in connection with the merger agreement. Adjournment Proposal: A proposal granting the Sun Country board authority to adjourn the meeting, if necessary or appropriate, to solicit additional proxies if there were not sufficient votes to approve the merger agreement proposal.
Story Continues
Neale said the Sun Country board of directors recommended that stockholders vote in favor of all three proposals.
Preliminary Vote Indicates Approval
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After allowing stockholders a brief period to vote or change previously submitted votes, Neale declared the polls closed at 9:08 a.m. Central Time. She then said Paul Ramirez of American Election Services LLC, who served as inspector of election for the meeting, had advised her based on a preliminary voting report that each proposal had received the required number of votes for approval.
“The Merger Agreement Proposal has received the requisite number of votes for approval,” Neale said. She added that the merger-related compensation proposal and the adjournment proposal also received the requisite votes for approval.
Neale emphasized that the results announced at the meeting were preliminary. She said final voting results would be included in a Form 8-K filing with the Securities and Exchange Commission no later than May 14, 2026.
Meeting Details
The company set March 25, 2026, as the record date for stockholders entitled to vote at the meeting. Neale said written notice was sent on or around March 31, 2026, to all stockholders of record as of the close of business on the record date. She also said the company had received an affidavit from Broadridge Financial Solutions certifying timely mailing of the notice of the special meeting, proxy statement and proxy materials.
The special meeting was adjourned at 9:09 a.m. Central Time. Neale thanked stockholders who attended the meeting and those who submitted proxies but were not present.
About Sun Country Airlines (NASDAQ:SNCY)
Sun Country Airlines (NASDAQ: SNCY) is an American ultra-low-cost carrier providing a blend of scheduled and charter passenger services. The carrier focuses on leisure markets, offering nonstop flights to sun and ski destinations across the United States, Mexico and the Caribbean. In addition to its scheduled network, Sun Country operates charter services for sports teams, corporate groups and tour operators, as well as seasonal cargo charters that support e-commerce peak periods.
Founded in 1982 and headquartered in Minneapolis, Minnesota, Sun Country has navigated multiple ownership and restructuring phases.
The article "Sun Country Airlines Shareholders Clear Allegiant Merger in Preliminary Vote" was originally published by MarketBeat.
View MarketBeat's top stocks for May 2026.
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- Sun Country Airlines Shareholders Clear Allegiant Merger in Preliminary Vote
May 9, 2026 · marketbeat.com
Sun Country Airlines NASDAQ: SNCY stockholders preliminarily approved the company's proposed merger agreement with Allegiant Travel Company at a special meeting held virtually on May 8, 2026, according to remarks made during the meeting by Rose Neale, Sun Country's senior vice president, chief legal officer and corporate secretary.
- Top Analyst Reports for Microsoft, Bank of America & Roche
May 5, 2026
Tuesday, May 5, 2026
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Microsoft Corp. (MSFT), Bank of America Corp. (BAC) and Roche Holding AG (RHHBY), as well as a micro-cap stock GSI Technology, Inc. (GSIT). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Pre-Markets Bounce Back from Monday's Selloff
Today's Featured Research Reports
Shares of Microsoft have declined -3.8% over the past year against the Zacks Computer - Software industry’s decline of -6.5%. The company’s customer concentration risk remains tied to large OpenAI-related Azure commitments. Microsoft confronts intense competition from AWS and Google Cloud and escalating regulatory scrutiny. Capacity constraints persisting through fiscal year-end limit revenue potential despite unprecedented spending.
Nevertheless, Microsoft capitalizes on AI business momentum and Copilot adoption alongside accelerating Azure cloud infrastructure expansion. Strong Microsoft 365 Commercial cloud demand has been propelling Productivity and Business Processes revenue growth. ARPU is increasing through E5 and M365 Copilot uptake across key segments.
Strategic execution through expanding scale and enterprise customer growth is driving non-AI services. Azure growth guidance projects Q4 growth of 39-40% at cc, suggesting demand saturation, with customer demand exceeding available capacity.
(You can read the full research report on Microsoft here >>>)
Bank of America’s shares have gained +30.7% over the past year against the Zacks Financial - Investment Bank industry’s gain of +35.4%. The company’s first-quarter 2026 results were aided by net interest income (NII) growth and strength in trading and investment banking (IB) businesses. Despite lower average rates, NII growth is expected to continue supported by steady loan growth and lower funding costs.
Bank of America’s expansion strategy by opening financial branches in new and existing markets will boost the top line. Along with this, investments in digital capabilities will enhance client engagement and cross-selling opportunities, likely driving fee income.
Yet, the company’s shares have underperformed the industry in the past six months. Elevated expenses due to investments in technology and franchise expansion will likely hurt profits. The volatile nature of the capital markets business makes growth in trading revenues uncertain. Weak asset quality is another concern.
(You can read the full research report on Bank of America here >>>)
Shares of Roche have outperformed the Zacks Large Cap Pharmaceuticals industry over the past year (+26% vs. +21.2%). The company performance in the first quarter was weighed down by unfavorable foreign-exchange movements, as weakness in the U.S. dollar adversely impacted international sales.
Nonetheless, the company’s underlying operational performance remained solid. Strong growth from key products helped offset declining revenues from legacy drugs. The stellar performances of multiple sclerosis drug Ocrevus and ophthalmology drug Vabysmo continue to drive momentum for Roche.
Growth in hemophilia treatment Hemlibra and breast cancer drug Phesgo also boosted the top line. Roche is looking to diversify its portfolio through acquisitions and collaborations in the wake of declining sales from legacy drugs (Avastin, Herceptin, MabThera and Actemra) due to competition from biosimilars. However, pipeline and regulatory setbacks weigh on the stock.
(You can read the full research report on Roche here >>>)
GSI Technology’s shares have gained +129.7% over the past year against the Zacks Computer- Storage Devices industry’s gain of +519.5%. This microcap company with a market capitalization of $282.61 million is driven by its strengthened capital base, strategic edge AI positioning, and government partnerships. With $70.7 million in cash and no debt, GSI is well-funded to scale R&D and product rollout, especially for its Gemini-II processor, which demonstrated superior power efficiency in edge AI benchmarks.
GSI Technology is targeting high-growth sectors like drones and mobile robotics with AI chips optimized for low-latency and low-power environments. Government contracts in defense and aerospace validate its technology, while the legacy SRAM business continues to generate stable cash flows.
However, rising R&D costs, widening operating losses and reliance on early-stage government projects present notable execution challenges. A structural decline in legacy segments poses transitional risk. Valuation appears stretched relative to peers.
(You can read the full research report on GSI Technology here >>>)
Other noteworthy reports we are featuring today include Sandisk Corp. (SNDK), EMCOR Group, Inc. (EME) and BJ's Wholesale Club Holdings, Inc. (BJ).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Story Continues
Today's Must Read
Adoption of Cloud and Office 365 Strength Aid Microsoft (MSFT)
Expansion Efforts, Loan Growth Aids Bank of America (BAC), Costs Ail
Ocrevus, Phesgo Fuel Roche (RHHBY), Decline in Legacy Drugs a Woe
Featured Reports
Sandisk's (SNDK) Prospects Rides on Strong AI-Driven Memory Demand
Per the Zacks analyst, Sandisk is benefiting from strong AI-led memory demand along with higher pricing and mix shift towards data center SSDs.
Strong Public Funding and Inorganic Moves Benefit EMCOR's (EME) Growth
Per the Zacks analyst, EMCOR's growth is benefiting from robust demand across diverse end-markets due to increased public funding. Also, its inorganic efforts strengthen its prospects further.
Digitization Holds Key to BJ's Wholesale (BJ) Sales Growth
Per the Zacks analyst BJ's Wholesale has been investing on enhancing digital capabilities in order to better engage with members. Digitally-enabled comparable sales grew 31% in the fourth quarter.
Sensata Gains from Aerospace, Defense and Commercial Equipment Unit
Per the Zacks analyst, Sensata is gaining momentum in the Aerospace, Defense and Commercial Equipment unit, due to solid demand, rising generator-set needs and a truck production replenishment cycle.
Investment, Organic Growth Aid California Water Service (CWT)
Per the Zacks analyst, California Water's systematic investment to strengthen its infrastructure will assist in serving its rising customer base. Contribution from organic assets will act as tailwinds
Robust New Store Growth Aid National Vision (EYE) Amid Rising Expenses
Per the Zacks analyst, National Vision's notable store count growth for America's Best and Eyeglass World brands, should contribute to top line. Yet, rising costs and expenses continue to dent profit.
Allegiant (ALGT) Rides on Air Travel Demand Amid High Expenses
The Zacks Analyst is impressed with the fact that increased air-travel demand is aiding Allegiant's top-line performance. However, rising operating expenses continue to weigh on the bottom line.
New Upgrades
Hanover Insurance Set to Grow on Solid Specialty and Personal Lines
Per the Zacks analyst, Specialty anchor profitability for Hanover, with a smaller account focus and technology improving mix and speed. Personal Lines margin repair widens add steadier earnings.
Sandisk's (SNDK) Prospects Rides on Strong AI-Driven Memory Demand
Per the Zacks analyst, Sandisk is benefiting from strong AI-led memory demand along with higher pricing and mix shift towards data center SSDs.
Loan Demand, Rates, Manageable Expenses Aid Hilltop Holdings (HTH)
Per the Zacks analyst, decent loan demand, lower rates, stabilizing funding costs and prudent cost management will aid Hilltop Holdings. A solid balance sheet makes capital distributions sustainable.
New Downgrades
TG Therapeutics' (TGTX) Briumvi Dependence for Sales Raises Concerns
Per the Zacks analyst, TG Therapeutics' sole dependence on multiple sclerosis drug, Briumvi, for revenues is concerning. Competition in the target market also remains a woe.
Robust Subsea Orders and Growth Outlook Aids TechnipFMC (FTI)
The Zacks analyst believes that TechnipFMC's confidence of achieving $10 billion Subsea orders in 2026 ensures strong backlog visibility but Surface Technologies segment raises concern.
Operational Challenges Related to ERP Disruption Hurt DNOW
Per the Zacks analyst, operational challenges related to the ERP implementation within the MRC Global U.S. operations and softness in upstream and chemical markets are weighing on DNOW's results.
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Bank of America Corporation (BAC) : Free Stock Analysis Report
Roche Holding AG (RHHBY) : Free Stock Analysis Report
Microsoft Corporation (MSFT) : Free Stock Analysis Report
Sandisk Corporation (SNDK) : Free Stock Analysis Report
BJ's Wholesale Club Holdings, Inc. (BJ) : Free Stock Analysis Report
EMCOR Group, Inc. (EME) : Free Stock Analysis Report
GSI Technology, Inc. (GSIT) : Free Stock Analysis Report
Iveda Solutions, Inc. (IVDA): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
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- Allegiant Q1 Earnings & Revenues Surpass Estimates, Improve Y/Y
May 5, 2026
Allegiant Travel Company (ALGT) reported impressive first-quarter 2026 results, wherein both earnings and revenues beat the Zacks Consensus Estimate.
Quarterly earnings of $3.77 per share outpaced the Zacks Consensus Estimate of $3.40 and increased year over year. Revenues for the first quarter of 2026 were $732.4 million, surpassing the Zacks Consensus Estimate of $711.9 million and rising 4.8% year over year. Passenger revenues, which accounted for the bulk (91.7%) of the top line, grew 8.9% on a year-over-year basis.
Allegiant Travel Company Price, Consensus and EPS SurpriseAllegiant Travel Company Price, Consensus and EPS Surprise
Allegiant Travel Company price-consensus-eps-surprise-chart | Allegiant Travel Company Quote
Air traffic (measured in revenue passenger miles) for scheduled services fell 1.4% year over year in the quarter under review. Capacity (measured in available seat miles or ASMs) fell 5.9% from the year-ago number. The load factor (percentage of seats filled by passengers) increased to 84.4% from 80.5% in the reported quarter.
Airline operating costs per available seat miles, excluding fuel, rose 7.1% year over year to 8.64 cents. The average fuel cost per gallon (scheduled) increased 15.2% year over year to $3.03. Total scheduled service passenger revenues per available seat mile rose to 14.31 cents from 12.29 cents a year ago.
Gregory Anderson, chief executive officer of Allegiant, stated, "First-quarter demand was exceptional, particularly during peak periods, driving more than a 16 percent year-over-year increase in TRASM, with total yields up over 20 percent year-over-year. That performance allowed us to set an all-time quarterly record despite a 5.9 percent year-over-year reduction in capacity. We are pleased to see our commercial initiatives taking hold and contributing to our results, including an 8.9 percent increase in co-brand remuneration compared to the prior year.”
Anderson further added, “As we move into the second quarter, leisure demand remains healthy despite geopolitical dynamics that have impacted the broader economy. We have proactively reduced capacity during off-peak times and shortened average stage lengths as we navigate the higher fuel environment. We now expect second-quarter capacity to be down 6.5 percent year-over-year. With regulatory approvals now behind us, and pending shareholder approvals, we expect to close on the acquisition of Sun Country by as early as mid-May.”
ALGT’s Liquidity
As of March 31, 2026, Allegiant’s total unrestricted cash and investments were $933.5 million compared with $838.5 million at the prior-quarter end. Long-term debt and finance lease obligations (net of current maturities and related costs) totaled $1.67 billion compared with $1.68 billion at the end of the prior quarter.
Story Continues
Allegiant’s Guidance for Q2
For the second quarter of 2026, ASM (for scheduled service) is expected to decrease 6.5% on a year-over-year basis. Total system ASM is projected to fall 6.5% on a year-over-year basis.
The bottom line, on an adjusted basis, is expected to range from a loss of a penny to breakeven. Second-quarter adjusted operating margin is expected to lie between 0% and 2%. The fuel cost per gallon is suggested to be $4.35. Interest expense is expected to be around $35 million.
Currently, Allegiant carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Q1 Performances of Other Transportation Companies
Delta Air Lines (DAL) reported first-quarter 2026 earnings (excluding $1.08 from non-recurring items) of 64 cents per share, which beat the Zacks Consensus Estimate of 61 cents. Earnings increased 39.1% on a year-over-year basis due to high labor costs. Adjusted revenues in the March-end quarter were $14.2 billion, beating the Zacks Consensus Estimate of $14 billion and increasing on a year-over-year basis.
United Airlines Holdings, Inc. (UAL) reported solid first-quarter 2026 results wherein the company’s earnings and revenues beat the Zacks Consensus Estimate as well as improved on a year-over-year basis.
UAL's first-quarter 2026 adjusted earnings per share (EPS) (excluding 95 cents from non-recurring items) of $1.19 surpassed the Zacks Consensus Estimate of $1.08 and increased 30.8% on a year-over-year basis. The reported figure lies within the guided range of $1.00-$1.50.
Operating revenues of $14.6 billion outpaced the Zacks Consensus Estimate of $14.3 billion and increased 10.5% year over year. Passenger revenues (which accounted for 90.1% of the top line) increased 11% year over year to $13.1 billion. UAL flights transported 42,486 passengers in the first quarter, up 4.1% year over year.
Cargo revenues fell 1.6% year over year to $422 million. Revenues from other sources rose 10.5% year over year to $1.02 billion.
J.B. Hunt Transport Services JBHT posted first-quarter 2026 earnings per share of $1.49, up 27% from $1.17 a year ago. The result topped the Zacks Consensus Estimate by $0.04, a 2.8% surprise.
Operating revenues totaled $3.06 billion, rising 4.6% year over year. Revenues beat the consensus mark of $2.94 billion, resulting in a 3.9% surprise, as demand proved resilient across several service offerings, led by Intermodal volume growth and higher revenue per load in select highway-related businesses.
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Delta Air Lines, Inc. (DAL) : Free Stock Analysis Report
United Airlines Holdings Inc (UAL) : Free Stock Analysis Report
J.B. Hunt Transport Services, Inc. (JBHT) : Free Stock Analysis Report
Allegiant Travel Company (ALGT) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
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- Allegiant Q1 Earnings & Revenues Surpass Estimates, Improve Y/Y
May 5, 2026 · zacks.com
ALGT tops Q1 EPS and revenue estimates as passenger sales rose 8.9% and load factor hit 84.4%, and Q2 ASM is forecasted to decrease 6.5%.
- Spirit Airlines is no more, but discount plane tickets are here to stay
May 4, 2026 · marketwatch.com
There's still a place for low-cost carriers, even if it's getting tougher for them to compete.
- Update: American Airlines, United, Delta Offer Relief Options for Disrupted Spirit Customers
May 4, 2026
(Updates with additional details from Allegiant, JetBlue Airways, and Southwest Airlines from fourth
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- Quant Rating Check: Analyzing the impact of Spirit’s collapse on airline standings
May 4, 2026
[Spirit Airlines Experiencing Widespread Technicality Difficulties Causes Nationwide Delays]
Mario Tama/Getty Images News
The airline sector is currently navigating a distinct performance gap, as the slump in Spirit Airlines (FLYYQ [https://seekingalpha.com/symbol/FLYYQ]) shares was sparked by the company’s Saturday announcement [https://seekingalpha.com/news/4584442-spirit-airlines-shutting-bailout-talks-fail] of an immediate, orderly wind-down. This prompts a wider industry reassessment within the Quant rating framework.
The ultralow-cost carrier officially ceased all operations at 3:00 a.m. ET on May 2 after failing to secure a federal bailout or creditor support amid soaring jet fuel prices linked to the conflict in Iran.
While budget carriers struggle, the Quant system remains selective, favoring players with resilient fundamentals. According to the latest data, only two industry leaders, Southwest Airlines (LUV [https://seekingalpha.com/symbol/LUV]) and LATAM Airlines (LTM [https://seekingalpha.com/symbol/LTM]) carry the green "Buy" Quant rating, while the majority of the sector, including major players like Delta Air Lines (DAL [https://seekingalpha.com/symbol/DAL]), United Airlines (UAL [https://seekingalpha.com/symbol/UAL]), and American Airlines (AAL [https://seekingalpha.com/symbol/AAL]), retain "Hold" ratings.
TOP-RATED AIRLINES (BUY):
Southwest Airlines (LUV [https://seekingalpha.com/symbol/LUV]) - Buy (Quant Score: 3.95 [https://seekingalpha.com/symbol/LUV/ratings/quant-ratings]/5)
LATAM Airlines Group (LTM [https://seekingalpha.com/symbol/LTM]) - Buy (Quant Score: 3.72 [https://seekingalpha.com/symbol/LTM/ratings/quant-ratings]/5)
OTHER AIRLINES RATINGS (HOLD):
Jet.AI (JTAI [https://seekingalpha.com/symbol/JTAI]) - Hold (Quant Score: 3.41 [https://seekingalpha.com/symbol/JTAI/ratings/quant-ratings]/5)
American Airlines Group (AAL [https://seekingalpha.com/symbol/AAL]) - Hold (Quant Score: 3.32 [https://seekingalpha.com/symbol/AAL/ratings/quant-ratings]/5)
easyJet (ESYJY [https://seekingalpha.com/symbol/ESYJY]) - Hold (Quant Score: 3.17 [https://seekingalpha.com/symbol/ESYJY/ratings/quant-ratings]/5)
Delta Air Lines (DAL [https://seekingalpha.com/symbol/DAL]) - Hold (Quant Score: 3.16 [https://seekingalpha.com/symbol/DAL/ratings/quant-ratings]/5)
United Airlines Holdings (UAL [https://seekingalpha.com/symbol/UAL]) - Hold (Quant Score: 3.12 [https://seekingalpha.com/symbol/UAL/ratings/quant-ratings]/5)
Air Canada (ACDVF [https://seekingalpha.com/symbol/ACDVF]) - Hold (Quant Score: 3.08 [https://seekingalpha.com/symbol/ACDVF/ratings/quant-ratings]/5)
Allegiant Travel (ALGT [https://seekingalpha.com/symbol/ALGT]) - Hold (Quant Score: 3.07 [https://seekingalpha.com/symbol/ALGT/ratings/quant-ratings]/5)
Air France-KLM SA (AFLYY [https://seekingalpha.com/symbol/AFLYY]) - Hold (Quant Score: 3.07 [https://seekingalpha.com/symbol/AFLYY/ratings/quant-ratings]/5)
JetBlue Airways (JBLU [https://seekingalpha.com/symbol/JBLU]) - Hold (Quant Score: 3.02 [https://seekingalpha.com/symbol/JBLU/ratings/quant-ratings]/5)
Deutsche Lufthansa AG (DLAKY [https://seekingalpha.com/symbol/DLAKY]) - Hold (Quant Score: 2.94 [https://seekingalpha.com/symbol/DLAKY/ratings/quant-ratings]/5)
International Consolidated Airlines Group (ICAGY [https://seekingalpha.com/symbol/ICAGY]) - Hold (Quant Score: 2.94 [https://seekingalpha.com/symbol/ICAGY/ratings/quant-ratings]/5)
Alaska Air Group (ALK [https://seekingalpha.com/symbol/ALK]) - Hold (Quant Score: 2.90 [https://seekingalpha.com/symbol/ALK/ratings/quant-ratings]/5)
Sun Country Airlines Holdings (SNCY [https://seekingalpha.com/symbol/SNCY]) - Hold (Quant Score: 2.88 [https://seekingalpha.com/symbol/SNCY/ratings/quant-ratings]/5)
MORE ON AIRLINES STOCK:
* Challenges Surge For Alaska Airlines [https://seekingalpha.com/article/4897685-challenges-surge-for-alaska-airlines]
* Air Canada (AC:CA) Shareholder/Analyst Call Transcript [https://seekingalpha.com/article/4897596-air-canada-ac-ca-shareholder-analyst-call-transcript]
* Allegiant Travel Company (ALGT) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4897212-allegiant-travel-company-algt-q1-2026-earnings-call-transcript]
* Spirit Airlines nears completion of passenger refunds after weekend shutdown [https://seekingalpha.com/news/4584486-spirit-airlines-nears-completion-of-passenger-refunds-after-weekend-shutdown]
* Europe faces summer jet-fuel crunch as Hormuz disruption ripples, SocGen warns [https://seekingalpha.com/news/4584483-europe-faces-summer-jet-fuel-crunch-as-hormuz-disruption-ripples-socgen-warns]
- Duffy says low-cost carriers don’t need bailouts for now
May 2, 2026
[Business Leaders Speak At The Semafor World Economy Summit]
Alex Wong/Getty Images News
The Trump administration doesn’t need to offer financial lifelines for low-cost carriers for now, U.S. Transportation Secretary Sean Duffy said on Saturday after Spirit Airlines (FLYYQ [https://seekingalpha.com/symbol/FLYYQ]) shut down following an unsuccessful attempt to secure a government bailout.
His remarks followed a meeting in Washington, D.C., this week during which chief executives from several low-cost airlines reportedly sought $2.5B in federal assistance, citing higher fuel and labor costs as well as low pricing power. [https://seekingalpha.com/news/4579775-budget-airlines-seek-25b-us-aid-tied-to-fuel-cost-surge]
“I don’t think it’s necessary,” Duffy said during a [https://www.bloomberg.com/news/articles/2026-05-02/no-bailouts-needed-for-other-us-low-cost-airlines-duffy-says] press conference at Newark Liberty International Airport. “They do have access to cash. If they want to come to the U.S. government, we would be a lender of last resort,” he added.
Earlier in the day, ultralow-cost carrier Spirit Airlines began to wind down operations after its bondholders and the government failed to agree on a $500M rescue package offered by the Trump administration.
According to Duffy, some other airlines considered a possible bailout for Spirit (FLYYQ [https://seekingalpha.com/symbol/FLYYQ]) as a chance to receive money “not necessarily based on need, but based on opportunity.”
“In the end, this was a creditor issue,” he said, adding, “If they can find dollars in the private markets—I think that’s better for them.”
U.S. low-cost carriers include Frontier Group (ULCC [https://seekingalpha.com/symbol/ULCC]), JetBlue Airways (JBLU [https://seekingalpha.com/symbol/JBLU]), Allegiant Travel Company (ALGT [https://seekingalpha.com/symbol/ALGT]), and Sun Country Airlines (SNCY [https://seekingalpha.com/symbol/SNCY]).
MORE ON JETBLUE AIRWAYS, ALLEGIANT TRAVEL COMPANY, ETC.
* Allegiant Travel Company (ALGT) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4897212-allegiant-travel-company-algt-q1-2026-earnings-call-transcript]
* JetBlue Airways Corporation (JBLU) Q1 2026 Earnings Call Transcript [https://seekingalpha.com/article/4895231-jetblue-airways-corporation-jblu-q1-2026-earnings-call-transcript]
* JetBlue Airways Corporation 2026 Q1 - Results - Earnings Call Presentation [https://seekingalpha.com/article/4895122-jetblue-airways-corporation-2026-q1-results-earnings-call-presentation]
* Allegiant forecasts Q2 operating margin of 1% amid $4.35/gal fuel and plans 6.5% ASM cut [https://seekingalpha.com/news/4583537-allegiant-forecasts-q2-operating-margin-of-1-percent-amid-4_35-gal-fuel-and-plans-6_5-percent]
* Allegiant Travel Company Non-GAAP EPS of $3.77 beats by $0.28, revenue of $732.4M beats by $15.99M [https://seekingalpha.com/news/4583359-allegiant-travel-company-non-gaap-eps-of-3_77-beats-by-0_28-revenue-of-732_4m-beats-by-15_99m]
