Sun Country Airlines Holdings, Inc. Stock Price, News & Analysis

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.

Sun Country Airlines (NASDAQ: SNCY) has announced its participation in the Morgan Stanley 12th Annual Laguna Conference. The company's Senior Vice President and Chief Revenue Officer, Grant Whitney, will engage in a fireside chat on Thursday, September 12 at 1:25PM PDT. Investors and interested parties can access a live webcast of the event through Sun Country's investor relations website. This conference provides an opportunity for the airline to share insights and engage with investors and analysts in the financial community.

Sun Country Airlines (NASDAQ: SNCY) reported its Q2 2024 financial results, marking its eighth consecutive profitable quarter. Despite challenges, the company achieved:

- Revenue of $254 million, down 2.6% year-over-year
- GAAP diluted EPS of $0.03
- Adjusted diluted EPS of $0.06
- Operating income of $12 million with a 4.9% margin
- Adjusted operating income of $14 million with a 5.5% margin

The company's diversified model continues to drive performance. Notable highlights include a revised agreement with Amazon, extending through 2030 with options until 2037, and the addition of eight new freighter aircraft. Sun Country also launched a new mobile app and expanded international service from Milwaukee.

Sun Country Airlines (NASDAQ: SNCY) has announced that it will hold its second quarter 2024 earnings conference call on Friday, August 2, 2024, at 8:30 a.m. Eastern Time. This event provides an opportunity for investors and other interested parties to gain insights into the company's financial performance and operational updates.

To participate in the live call and access the subsequent replay, individuals can visit the Sun Country investor relations website at https://ir.suncountry.com/news-events/events-and-presentations. Alternatively, a dial-in option is available through a provided link. This earnings call is a important event for stakeholders to stay informed about the airline's progress and future outlook.