Sun Country Airlines Reports First Quarter 2024 Results
Sun Country Airlines Holdings, Inc. (SNCY)
Company Research
Source: GlobeNewswire
Revenue of $311 million, highest first quarter on record(1)GAAP diluted EPS of $0.64 and operating income of $55 millionAdj. diluted EPS(2) of $0.66 and adjusted operating income(2) of $57 million, MINNEAPOLIS, May 07, 2024 (GLOBE NEWSWIRE) -- 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, 2024. “Sun Country’s diversified business model produced another strong first quarter with margins that we expect to finish at the top of the industry,” said Jude Bricker, Chief Executive Officer of Sun Country. “Total revenue was up 5.9% versus the first quarter of 2023, reaching a record quarterly high of $311 million(1) while costs remained in check. We continue to grow in all areas of our business, with total block hours growing by nearly 10% and scheduled passenger service ASMs growing by over 16%. Total passenger revenue per ASM (TRASM) declined by 9.6%, driven
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News
- Sun Country Airlines Will Participate in the Bank of America Securities Transportation, Airlines and Industrials ConferenceGlobeNewswire
- Sun Country Airlines Holdings, Inc. (NASDAQ: SNCY) had its price target lowered by analysts at TD Cowen from $22.00 to $17.00. They now have a "buy" rating on the stock.MarketBeat
- Sun Country Airlines (SNCY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Sun Country Airlines Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Sun Country Airlines Will Hold Its First Quarter 2024 Earnings Conference Call May 7 [Yahoo! Finance]Yahoo! Finance
SNCY
Earnings
- 5/7/24 - Miss
SNCY
Sec Filings
- 5/7/24 - Form 10-Q
- 5/7/24 - Form 8-K
- 4/29/24 - Form DEFA14A
- SNCY's page on the SEC website