Sun Country Airlines Holdings, Inc. ( (SNCY) ) has released its Q4 earnings. Here is a breakdown of the information Sun Country Airlines Holdings, Inc. presented to its investors.
Sun Country Airlines Holdings, Inc. is a hybrid low-cost air carrier based in Minnesota, operating in the aviation industry with a focus on leisure travel, charter services, and cargo operations across the United States and international destinations.
Sun Country Airlines announced record-breaking financial results for the fourth quarter and full year of 2024, showcasing significant growth in revenue despite challenges in the broader airline industry. The company achieved its highest fourth-quarter revenue and marked a record in annual revenue performance, driven by strategic capacity adjustments and improved cargo operations.
Key highlights from the earnings report include a fourth-quarter total revenue of $260.4 million and an operating income margin of 10.0%. The full-year revenue reached $1.08 billion, with a GAAP operating income margin of 9.9%. Adjusted earnings per share were $0.27 for the fourth quarter and $1.05 for the full year. Sun Country also saw a notable increase in cargo revenue, attributed to new contract rates and annual rate escalations.
Sun Country’s management remains optimistic about the future, citing a balanced capacity environment and strong unit revenue trends in passenger and cargo segments. The planned expansion of Amazon freighter aircraft and a focus on diversifying revenue streams are expected to contribute to stable earnings and continued growth in 2025.