Sun ntry Airlines (SNCY)

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Sun Country Airlines (SNCY) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-02 00:35
Core Insights - Sun Country Airlines Holdings, Inc. reported a revenue of $326.65 million for the quarter ended March 2025, reflecting a 4.9% increase year-over-year and a slight surprise of +0.13% over the Zacks Consensus Estimate of $326.22 million [1] - The earnings per share (EPS) for the quarter was $0.72, up from $0.66 in the same quarter last year, resulting in an EPS surprise of +2.86% compared to the consensus estimate of $0.70 [1] Financial Performance Metrics - The total available seat miles (ASMs) for the company was 2.37 billion, exceeding the two-analyst average estimate of 2.01 billion [4] - The fuel cost per gallon was reported at $2.66, slightly lower than the two-analyst average estimate of $2.70 [4] - Scheduled service ASMs were 2.02 billion, matching the two-analyst average estimate of 2.01 billion [4] - The company consumed 25.17 million gallons of fuel, slightly above the average estimate of 25.03 million gallons [4] - Revenue passenger miles for scheduled services were reported at 1.69 billion, aligning with the average estimate [4] - The load factor was 83.5%, which is below the average estimate of 84% [4] - Operating revenues from passenger services were $285.89 million, surpassing the average estimate of $282.76 million [4] - Other operating revenues were $12.60 million, falling short of the average estimate of $14.68 million [4] - Cargo operating revenues were $28.16 million, below the average estimate of $29.81 million [4] Stock Performance - Over the past month, shares of Sun Country Airlines have returned -20.1%, contrasting with the Zacks S&P 500 composite's -0.7% change [3] - The stock currently holds a Zacks Rank 5 (Strong Sell), indicating potential underperformance relative to the broader market in the near term [3]
Sun Country Airlines Holdings, Inc. (SNCY) Tops Q1 Earnings and Revenue Estimates
ZACKS· 2025-05-01 22:55
Sun Country Airlines Holdings, Inc. (SNCY) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.86%. A quarter ago, it was expected that this company would post earnings of $0.21 per share when it actually produced earnings of $0.27, delivering a surprise of 28.57%.Over the last four qua ...
Sun Country Airlines Reports First Quarter 2025 Results
GlobeNewswire· 2025-05-01 20:10
Financial Performance - Sun Country Airlines reported total revenue of $327 million for Q1 2025, marking a 4.9% increase compared to Q1 2024 [3][7] - The company achieved GAAP diluted EPS of $0.66 and adjusted diluted EPS of $0.72, reflecting a year-over-year increase of 3.1% and 9.1% respectively [3][39] - GAAP operating income was $56 million with a margin of 17.2%, while adjusted operating income reached $60 million with a margin of 18.3% [3][4] Business Segments - Growth in charter and cargo businesses helped offset lower scheduled service revenue, demonstrating the effectiveness of the company's diversified business model [2][4] - Charter service revenue increased by 15.6% year-over-year to $55 million, while cargo revenue rose by 17.6% to $28 million [7][8] Cost and Expenses - Total GAAP operating expenses increased by 5.5% year-over-year, primarily due to a 5.8% rise in total block hours [9] - Significant non-fuel expenses included a 12.9% increase in salaries, driven by an increase in pilot headcount and wage scale adjustments [9] Capacity and Operations - System block hours flown grew by 5.8% year-over-year, with a 6.7% increase in scheduled service ASMs and a 10.7% increase in charter block hours [6] - Scheduled service TRASM decreased by 4.7% year-over-year, while the total fare per scheduled passenger increased by 1.0% [7][27] Liquidity and Financial Position - Total liquidity as of March 31, 2025, was $227 million, with net debt at $447 million [12][28] - The company completed a secondary public offering and entered into a four-year $75 million revolving credit facility [11][12] Future Outlook - For Q2 2025, the company expects total revenue between $250 million and $260 million, with an operating income margin projected between 4% and 7% [15]
Sun ntry Airlines (SNCY) - 2025 Q1 - Quarterly Results
2025-05-01 20:09
Exhibit 99.1 Sun Country Airlines Reports First Quarter 2025 Results MINNEAPOLIS. May 1, 2025. Sun Country Airlines Holdings, Inc. ("Sun Country Airlines," "Sun Country," the "Company") (NASDAQ: SNCY) today reported financial results for its first quarter ended March 31, 2025. "Sun Country is pleased to report our eleventh consecutive profitable quarter with GAAP EPS of $0.66 and adjusted diluted EPS of $0.72 ," said Jude Bricker, Chief Executive Officer of Sun Country. "Despite the challenging scheduled re ...
Sun Country Airlines Holdings, Inc. (SNCY) Reports Next Week: Wall Street Expects Earnings Growth
ZACKS· 2025-04-25 15:06
The market expects Sun Country Airlines Holdings, Inc. (SNCY) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is ...
Sun Country Airlines Will Hold Its First Quarter 2025 Earnings Conference Call May 2
GlobeNewswire· 2025-04-23 15:02
Group 1 - Sun Country Airlines will hold its first quarter 2025 earnings call on May 2 at 8:30 a.m. Eastern Time [1] - Interested investors can access the live call and replay through the Sun Country investor relations website [1] - The company is a hybrid low-cost air carrier focused on connecting guests to leisure destinations and providing cargo services [2] Group 2 - Sun Country Airlines operates scheduled service, charter, and cargo businesses, dynamically deploying shared resources [2] - The airline is based in Minnesota and primarily serves leisure and visiting friends and relatives (VFR) passengers [2] - Sun Country provides cargo service to Amazon and operates flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean [2]
Sun Country Airlines Launches the "Get To Going Series"
Newsfilter· 2025-04-16 19:47
Core Insights - Sun Country Airlines has launched a new travel documentary series called the "Get To Going Series" that highlights unique and accessible experiences in its destinations [1][3] - The pilot episode, in collaboration with Budget, features locations in Arizona, showcasing local cuisine and attractions while connecting with local businesses and artists [2][3] Company Overview - Sun Country Airlines is a hybrid low-cost carrier based in Minnesota, focusing on leisure travel and visiting friends and relatives (VFR) passengers, as well as charter services and cargo operations [6] - The airline aims to create memorable experiences for its guests by connecting them to their favorite destinations [6] Series Details - The "Get To Going Series" aims to present lesser-known activities and affordable travel options, encouraging viewers to explore and engage with the destinations [3][4] - The series is hosted by Amber Estenson, who emphasizes the importance of authentic connections and attainable travel experiences [3][4] - The first full episode is available on GetToGoing.com, where viewers can also book featured experiences [4]
Sun Country Airlines Launches the “Get To Going Series”
GlobeNewswire· 2025-04-16 19:47
Company Overview - Sun Country Airlines has launched a new travel documentary series called the "Get To Going Series" to highlight unique and attainable travel experiences in its destinations [1][3] - The airline operates as a hybrid low-cost carrier, focusing on leisure travel and connecting customers with friends and family, while also providing charter and cargo services [6] Series Details - The pilot episode, produced in partnership with Budget, features destinations in Arizona, including Phoenix, Tucson, and Bisbee, showcasing local cuisine and attractions [2][4] - The series aims to present lesser-known activities and affordable travel options, encouraging viewers to explore and engage with the destinations [3][4] - The first full episode is available on GetToGoing.com, where customers can also book the experiences featured in the series [4] Future Plans - More episodes featuring additional Sun Country destinations are scheduled to be released within the year [5]
Sun Country Airlines Will Participate in the J.P. Morgan 2025 Industrials Conference
GlobeNewswire· 2025-03-04 17:27
Core Insights - Sun Country Airlines will present at the J.P. Morgan 2025 Industrials Conference on March 11, 2025, at 4:10 PM EST [1] Company Overview - Sun Country Airlines is a hybrid low-cost air carrier focused on connecting guests to leisure destinations and providing transformative experiences [2] - The company operates scheduled services, charter flights, and cargo services, primarily targeting leisure and visiting friends and relatives (VFR) passengers [2] - Based in Minnesota, Sun Country Airlines also provides cargo services to Amazon and operates flights throughout the United States and to destinations in Mexico, Central America, Canada, and the Caribbean [2]
Sun Country Airlines Extends Schedule Through Fall 2025
GlobeNewswire· 2025-02-25 16:30
Core Insights - Sun Country Airlines has extended its booking schedule through December 9, 2025, allowing customers to plan travel for MEA and Thanksgiving 2025 [1] - The airline is focusing on popular destinations such as Fort Myers, Orlando, Las Vegas, and Phoenix, with the return of nonstop service to Asheville, North Carolina, in the fall [1] Group 1: Business Strategy - Sun Country Airlines offers more nonstop destinations from a single airport than any other leisure airline in the United States, enhancing its appeal as a leisure airline of choice [2] - The airline is adding flights in the fall to cater to sports fans traveling to see local teams, reflecting its seasonal flexibility [2] - Sun Country operates 120 routes serving nearly 100 airports across the U.S., Mexico, Central America, Canada, and the Caribbean, emphasizing its commitment to safe and reliable travel [2] Group 2: Customer Experience - The onboard experience includes state-of-the-art seating, full-size tray tables, comfortable recline, and in-seat power in most seats, enhancing passenger comfort [2] - Sun Country provides free in-flight entertainment and complimentary beverages, with additional snacks and beverage options available for purchase [2] - The airline partners with local Minnesota and Midwest-based companies to feature their products on the menu, promoting regional businesses [2][3] Group 3: Company Overview - Sun Country Airlines is characterized as a hybrid low-cost carrier, aiming to connect guests to their favorite destinations and create memorable experiences [3] - The company dynamically deploys resources across scheduled service, charter, and cargo businesses, focusing on leisure and visiting friends and relatives (VFR) passengers [3] - Sun Country also provides cargo services to Amazon, indicating a diversified business model [3]