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Sun Country Airlines Holdings ( (SNCY) ) has shared an announcement.
On February 10, 2025, Sun Country Airlines Holdings announced a proposed secondary public offering of 6,346,105 shares of its common stock, owned by an affiliate of investment funds managed by Apollo Global Management. The company will not sell any shares or receive proceeds from this offering. Additionally, Sun Country authorized a share repurchase of approximately $10 million worth of common stock, which will be funded from existing cash, with the terms approved by its board of directors.
More about Sun Country Airlines Holdings
Sun Country Airlines is a hybrid low-cost air carrier based in Minnesota. It focuses on serving leisure and visiting friends and relatives passengers, charter customers, and providing cargo service to Amazon. The airline connects guests to destinations across the United States, Mexico, Central America, Canada, and the Caribbean.
YTD Price Performance: 13.56%
Average Trading Volume: 758,300
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $873.5M
For an in-depth examination of SNCY stock, go to TipRanks’ Stock Analysis page.
