From GlobeNewswire: 2025-02-04 06:00:00

Sun Country Airlines reported a record Q4 2024 total revenue of $260.4 million, with GAAP diluted EPS of $0.24 and operating income margin of 10.0%. Adjusted diluted EPS was $0.27, with an adjusted operating income margin of 10.6%. For FY 2024, total revenue was $1.08 billion, a record high, with a GAAP diluted EPS of $0.96 and operating income margin of 9.9%. Adjusted diluted EPS was $1.05, with an adjusted operating income margin of 10.4%. The company attributes its success to a balanced capacity environment and improved economics in its cargo business(1).

CEO Jude Bricker praised Sun Country’s business model and employees for achieving record revenue and earnings. The company made significant capacity adjustments in response to industry oversupply, leading to strong results in Q4 and FY 2024. Sun Country expects continued strong revenue trends, especially in its passenger business, and plans to add eight more Amazon freighter aircraft in 2025, diversifying its revenue streams(2).

In Q4 2024, Sun Country reported an Income Before Income Tax of $16.9 million and Net Income of $13.4 million on $260.4 million of revenue. Adjusted Income Before Income Tax was $18.9 million, with GAAP Operating Income of $26.1 million and Adjusted Operating Income of $27.5 million, resulting in an Adjusted Operating Income Margin of 10.6%(2). Fourth quarter cost per ASM fell by 0.7%, while adjusted cost per ASM was up by 7.6% year-over-year(3).

Sun Country’s successful cost control efforts contributed to a steady improvement in fourth quarter passenger unit revenue, with total fare increasing by 2.2%. The company expects positive fare trends to continue and strong first quarter bookings on mid-single digit growth in scheduled service ASMs. In addition, the company reached agreements with flight attendants and dispatchers, extended leases on aircraft, and made financial transactions to reduce interest expenses(4).

For the first quarter of 2025, Sun Country provided guidance of total revenue between $330 to $340 million, a 6% to 9% increase from Q1 2024. Economic fuel cost per gallon is estimated at $2.76, an 8% decrease. The company anticipates an operating income margin between 17% to 21%, and total system block hours to increase by 7% to 9% compared to Q1 2024(5).

Sun Country Airlines plans to host a conference call on February 4, 2025, to discuss its Q4 and FY 2024 results. The company is a hybrid low-cost air carrier focused on connecting guests to their favorite destinations. Sun Country operates scheduled service, charter, and cargo flights across the United States, Mexico, Central America, Canada, and the Caribbean(6).



Read more at GlobeNewswire:: Sun Country Airlines Reports Fourth Quarter and Full Year