Welcome to our dedicated page for Sun Country Airlines Holdings news (Ticker: SNCY), a resource for investors and traders seeking the latest updates and insights on Sun Country Airlines Holdings stock.
Sun Country Airlines Holdings, Inc. (SNCY) operates as a hybrid low-cost carrier combining scheduled passenger flights, charter services, and cargo operations. This news hub provides investors and industry observers with a centralized resource for tracking the company's strategic developments and market position.
Access timely updates on SNCY's operational milestones, including earnings reports, route expansions, and partnership announcements. The curated collection ensures stakeholders stay informed about key initiatives in both passenger and cargo segments, from vacation package innovations to logistics collaborations with major e-commerce partners.
Explore comprehensive coverage of corporate announcements, financial disclosures, and industry analyses relevant to SNCY's unique business model. Regular updates include insights into cost management strategies, fleet utilization trends, and competitive positioning within the low-cost airline sector.
Bookmark this page for streamlined access to Sun Country Airlines' official communications and third-party analyses. Check back frequently to monitor how SNCY continues to balance affordability with service quality across its diversified operations.
Sun Country Airlines (NASDAQ: SNCY) has extended its booking schedule through December 9, 2025, enabling customers to plan their fall travel including MEA and Thanksgiving periods. The airline highlights popular destinations such as Fort Myers, Orlando, Las Vegas, and Phoenix, with nonstop service to Asheville, North Carolina returning in fall.
Operating 120 routes serving nearly 100 airports across the United States, Mexico, Central America, Canada, and the Caribbean, Sun Country offers the most nonstop destinations from a single airport among U.S. leisure airlines. The company is adding flights for sports fans, particularly supporting Minnesota's teams as a proud sponsor of Minnesota Gopher Athletics.
The airline features modern seating with full-size tray tables, comfortable recline, and in-seat power in most seats, complemented by free in-flight entertainment and complimentary basic beverages.
Sun Country Airlines (NASDAQ: SNCY) announced that President and Chief Financial Officer Dave Davis will participate in a fireside chat at the Barclays Industrial Conference on Thursday, February 20 at 11:00AM EST. The event will be accessible via live webcast through the company's investor relations website.
Sun Country Airlines (NASDAQ: SNCY) announced the pricing of a secondary public offering of 6,346,105 shares of common stock by an Apollo Global Management affiliate (the Selling Stockholder), representing their entire remaining stake in the company. The offering is expected to close on February 11, 2025.
Concurrent with the offering, Sun Country will purchase approximately $10 million worth of shares from the underwriters at the same price, funded from existing cash. The company itself is not selling any shares and will not receive proceeds from the offering.
Barclays and Morgan Stanley are serving as joint bookrunners and underwriters for the offering, which will be conducted through various methods including direct sales, brokerage transactions, and negotiated deals on the Nasdaq Global Select Market.
Sun Country Airlines (NASDAQ: SNCY) announced a secondary public offering of 6,346,105 shares of common stock by an affiliate of Apollo Global Management funds (the Selling Stockholder). This represents all remaining shares owned by the Selling Stockholder. Sun Country Airlines will not receive any proceeds from this offering as it's not selling any shares.
Concurrent with the offering, Sun Country Airlines has authorized a $10 million share repurchase from the underwriters at the same price they purchase from the Selling Stockholder, funded from existing cash. Barclays and Morgan Stanley are acting as joint bookrunners and underwriters for the proposed offering.
Sun Country Airlines (NASDAQ: SNCY) reported its Q4 and full year 2024 results, achieving record fourth quarter revenue of $260.4 million, up 6.1% year-over-year. Q4 GAAP diluted EPS was $0.24 with an operating income margin of 10.0%, while adjusted diluted EPS reached $0.27.
Full year 2024 revenue hit a record $1.08 billion, though net income decreased 26.7% to $52.9 million compared to 2023. The company's cargo business showed strong performance, with Q4 cargo revenue reaching a record high at $28.6 million, up 13.1% despite a 2.5% decline in cargo block hours.
Looking ahead to Q1 2025, Sun Country expects total revenue between $330-340 million (6-9% growth), with operating income margin projected at 17-21%. The company plans to expand its cargo operations with eight more Amazon freighter aircraft throughout 2025.
Sun Country Airlines (NASDAQ: SNCY) has announced its upcoming fourth quarter and full year 2024 earnings conference call, scheduled for Tuesday, February 4, 2025, at 8:30 a.m. Eastern Time.
Investors and interested parties can access the live call and replay through the Sun Country investor relations website at ir.suncountry.com, or via a provided dial-in link.
Sun Country Airlines (NASDAQ: SNCY) has unveiled its first custom-designed aircraft livery celebrating Minnesota Golden Gopher Athletics. The airline, which became the Official Airline of Gopher Athletics in 2023, has provided charter services for university sports teams since 2012, operating nearly 500 charters over 12 years.
The new design features the Minnesota Block M and Maroon and Gold colors on tail number 809, marking the first custom aircraft design in Sun Country's fleet of 43 passenger planes. One of the aircraft's first flights will transport the Gopher football team to the Duke's Mayo Bowl in Charlotte, N.C., on December 30.
Sun Country Airlines reported its Q3 2024 financial results with record quarterly revenue of $249 million. The company achieved its ninth consecutive profitable quarter with GAAP EPS of $0.04 and adjusted EPS of $0.06. Operating income was $12 million with a 5.0% margin, while adjusted operating income reached $14 million with a 5.6% margin. Despite challenges from the Crowdstrike outage and hurricanes, robust growth in charter and cargo businesses helped offset lower scheduled service revenue. The company's cargo revenue per block hour grew 16.0% year-over-year, while charter revenue exceeded block hour growth.
Sun Country Airlines (SNCY) has extended its booking schedule through September 2, 2025, allowing customers to book non-stop flights to over 100 destinations. The airline has doubled its nonstop destinations from Minneapolis-St. Paul International Airport in the past five years. The summer 2025 schedule includes increased flight frequencies to various cities, from historic destinations like Atlanta and Boston to vacation spots like Grand Rapids and Syracuse. The airline will also extend seasonal Saturday-only service to Miami and Sarasota. Sun Country will operate 116 routes serving 102 airports across the United States, Mexico, Central America, Canada, and the Caribbean.
Sun Country Airlines (NASDAQ: SNCY) has announced it will host its third quarter 2024 earnings conference call on Thursday, October 31, 2024, at 8:30 a.m. Eastern Time. Investors and interested parties can access the live call and replay through the company's investor relations website at ir.suncountry.com or via a provided dial-in link.
FAQ
What is the current stock price of Sun Country Airlines Holdings (SNCY)?
What is the market cap of Sun Country Airlines Holdings (SNCY)?
