MINNEAPOLIS, May 22, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines (NASDAQ:SNCY) today launched a new mobile app to enhance the travel experience for Sun Country customers. Travelers can now book travel, check-in for flights, use their mobile boarding pass, and manage their trips within the app. The app is now available in the Apple store and Google Play store. "The new mobile app is part of a multi-year investment in enhancing our digital experience for our customers," said Colton Snow, chief marketing off ...

Sun Country Airlines operates 122 routes serving 108 airports across the United States, Mexico, Central America, Canada, and the Caribbean, providing safe, reliable, hassle-free flights at affordable prices. Sun Country's onboard experience includes state-of-the-art seating equipment, comfortable recline and in-seat power in most seats. Sun Country also provides free in-flight entertainment on our guests' devices and complimentary non-alcoholic beverages. We are proud to partner with many Minnesota and Midw ...

MINNEAPOLIS, May 21, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines (NASDAQ: SNCY) today extended its selling schedule through April 29, 2025, for travelers to book December holidays, winter vacations, and spring break travel – including more days of the week during the season to our most popular destinations. Sun Country Airlines is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. S ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-40217 Sun Country Airlines Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 82-4092570 (State or other jurisdiction of incorp ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2024 grew by 5.9% year-over-year to $311.5 million, marking the highest quarterly revenue on record [22] - Adjusted operating margin was reported at just over 18%, at the lower end of expectations due to weaker close-in bookings in March [19][21] - Total operating expenses increased by 7.5% on a 9.6% increase in total block hours, while CASM declined by 5.4% year-over-year [23] Business Line Data and Key Metrics Changes - Charter revenue grew by 2.4% to $47.3 million, with charter revenue per block hour increasing by 5.6% [6] - Cargo revenue increased by 2.5% to $23.9 million, despite a 1.1% decrease in block hours [6] - Scheduled service revenue plus ancillary revenue grew by 2.8% to $227.4 million, also the highest on record [22] Market Data and Key Metrics Changes - Domestic capacity was up 6% and overlay capacity increased by about 10% in Q1 2024 [39] - Scheduled service TRASM decreased by 11.7% to $12.2, while total fare declined by 11.3% to $196.41 [22] Company Strategy and Development Direction - The company aims to allocate capacity flexibly between scheduled service, charter, and cargo segments to maximize profitability [24][25] - The focus is on maintaining operational excellence and responding to market conditions, particularly in off-peak periods [3][4] Management's Comments on Operating Environment and Future Outlook - Management noted that the fare environment has reset from post-pandemic highs, impacting yields [19] - The company expects second quarter total revenue to be between $255 million and $265 million, with an operating margin between 4% and 7% [24] Other Important Information - Total liquidity at the end of Q1 was $179 million, with a net debt to adjusted EBITDA ratio of 2.5 times [7] - Maintenance expenses grew by 29% year-over-year due to increased overhaul events [23] Q&A Session Summary Question: Can you elaborate on the reallocation of capacity in oversupplied markets? - Management indicated that capacity is committed for Q2, with opportunities to reallocate in the second half of the year, particularly in off-peak periods [8] Question: What is the outlook for new wins in the cargo segment? - Management expressed optimism about opportunities in the cargo business and plans to allocate resources based on profitability [11] Question: How do you view the decline in air traffic liability? - Management explained that the decline is typical for Q1 and attributed it to weaker fare environment and the Easter shift [34][36] Question: What is the competitive landscape in Minneapolis? - Management noted that Delta is expanding capacity in Minneapolis, impacting fare pressures, but long-term opportunities remain unchanged [41][72] Question: How do you expect margins to trend from Q2 to Q3? - Management expects Q3 margins to be higher than Q2 due to typical seasonal performance [62]

For the quarter ended March 31, 2024, Sun Country reported net income of $35 million and income before income tax of $47 million, on $311 million of revenue. Adjusted income before income tax for the quarter was $48 million. GAAP operating income during the quarter was $55 million, while adjusted operating income was $57 million, operating margin was 17.7% and adjusted operating margin was 18.2% (2) (2) (2) . "We had another good first quarter which is historically our strongest," said Dave Davis, President ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K þ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 Or o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-40217 Sun Country Airlines Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 82-4092570 (State or other jurisdiction of incorporati ...

Financial Data and Key Metrics Changes - The company reported total revenue of $1.05 billion for 2023, a 17.3% increase compared to the previous year [23] - Adjusted pre-tax margins were at 9.9%, similar to 2019 levels despite fuel costs being 38% higher [21] - The adjusted operating margin for Q4 was 7.4%, exceeding guidance [47] Business Line Data and Key Metrics Changes - Scheduled service revenue plus ancillary grew 15.7% to $730 million for the full year [23] - Charter revenue for Q4 increased by 8.8% to $46.9 million, with full-year charter revenue at $190.1 million, a 17.6% increase [24][25] - Cargo revenue for Q4 grew 3.6% to $25.3 million, with full-year cargo revenue at $99.7 million, a 10.4% increase [25] Market Data and Key Metrics Changes - The company experienced a 15% growth in scheduled service ASMs for Q1 2024 compared to the previous year [43] - The demand environment remains strong across all business segments, with scheduled service expected to receive the majority of growth capacity [42] Company Strategy and Development Direction - The company aims to maintain a diversified business model that allows for flexibility in scheduled service capacity [13] - Plans for 2024 include rebidding credit card agreements for better economics and rolling out bag scanning technology to improve operational efficiency [18] - The company anticipates strong free cash flow generation in 2024, with a focus on profitable growth [29][55] Management's Comments on Operating Environment and Future Outlook - Management noted that many post-COVID challenges are fading as they move into 2024, with improved staffing metrics across major labor groups [40][41] - The company expects to grow ASMs by around 40% versus 2023 levels, supported by new aircraft deliveries and increased utilization [44] - Management expressed confidence in maintaining industry-leading profitability through all cycles [40] Other Important Information - The company returned $68.6 million to shareholders through share repurchases in 2023, totaling $93.6 million since 2022 [22] - The net debt to adjusted EBITDA ratio improved to 2.2 times at the end of 2023, down from 2.7 times in 2022 [28] Q&A Session Summary Question: Which segment is most constrained regarding improved utilization? - Scheduled service is the highest margin segment and is most affected by staffing constraints, leading to opportunity costs during peak periods [30] Question: What is the expected premium pay incurred in 2023? - Management indicated that staffing initiatives are improving, leading to better availability of captains and reduced premium pay moving forward [32] Question: How should scheduled capacity growth be viewed for 2024? - Scheduled service ASMs are expected to grow approximately 15% versus Q1 2023, with mid-single-digit declines in unit revenues anticipated [43] Question: What is the current status of charter contracts? - About 85% of charter revenue is under long-term contracts, with no significant contracts up for renewal this year [117] Question: What is the outlook for share repurchases and capital allocation? - The company plans to generate significant free cash flow in 2024, with potential for share buybacks and investments in cost reduction initiatives [123]

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Q3 2023 Earnings Conference Call November 7, 2023 4:30 PM ET Company Participants Chris Allen - Director of Investor Relations Jude Bricker - Chief Executive Officer Dave Davis - President and Chief Financial Officer Grant Whitney - Chief Revenue Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Catherine O'Brien - Goldman Sachs Helane Becker - TD Cowen Michael Linenberg - Deutsche Bank Scott Group - Wolfe Operator Welcome to the Sun Cou ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q Commission File Number 001-40217 Sun Country Airlines Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 82-4092570 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.) 2005 Cargo Road Minneapolis, Minnesota 55450 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (651) 681-3900 Secu ...