Sun Country Airlines Holdings, Inc. (SNCY) reported $260.41 million in revenue for the quarter ended December 2024, representing a year-over-year increase of 6.1%. EPS of $0.27 for the same period compares to $0.12 a year ago.The reported revenue represents a surprise of +0.97% over the Zacks Consensus Estimate of $257.92 million. With the consensus EPS estimate being $0.21, the EPS surprise was +28.57%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Str ...

Core Insights - Sun Country Airlines reported record financial results for Q4 2024, with total revenue of $260.4 million, a 6.1% increase from Q4 2023, and the highest fourth quarter on record [1][3][8] - The company achieved a GAAP diluted EPS of $0.24 and an adjusted diluted EPS of $0.27 for Q4 2024, reflecting significant year-over-year growth [1][3][5] - For FY 2024, total revenue reached $1.08 billion, marking the highest full year on record, despite a decline in operating income and net income compared to FY 2023 [1][3][4] Financial Performance - Q4 2024 operating income was $26.1 million, with an operating income margin of 10.0%, while adjusted operating income was $27.5 million, resulting in an adjusted operating income margin of 10.6% [1][3][4] - FY 2024 GAAP diluted EPS was $0.96, down 22.0% from FY 2023, while adjusted diluted EPS was $1.05, a decrease of 23.4% [1][3][4] - The company reported a net income of $13.4 million for Q4 2024, a 138.0% increase from Q4 2023, while FY 2024 net income was $52.9 million, down 26.7% from FY 2023 [3][4][29] Capacity and Operations - System block hours flown in Q4 2024 increased by 2.7% year-over-year, with a 3.5% rise in scheduled service ASMs [7][31] - The company anticipates total block hour growth of 7% to 9% for Q1 2025, with scheduled service ASMs expected to grow slightly more than 7% compared to Q1 2024 [7][15] - Cargo block hours declined by 2.5% in Q4 2024, but significant growth is expected in the cargo segment starting in Q2 2025 [7][10] Revenue Streams - Passenger market conditions improved in Q4 2024, with scheduled service TRASM declining by 1.0% on a 3.5% increase in scheduled service ASMs [8][31] - Cargo revenue reached $28.6 million in Q4 2024, a 13.1% increase from Q4 2023, driven by annual rate escalations and new Amazon contract rate increases [10][11] - Charter service revenue for Q4 2024 was $48.0 million, reflecting a 2.3% year-over-year increase [9][11] Cost Management - Q4 2024 CASM fell by 0.7%, while adjusted CASM increased by 7.6% year-over-year due to lower ASM growth [11][32] - Total GAAP operating expenses rose by 2.6% year-over-year, influenced by a 14.5% increase in maintenance costs and an 18.4% rise in landing fees and airport rent [11][32] - The company successfully controlled costs, with full year 2024 adjusted CASM increasing only 1.3% over 2023 [5][11] Balance Sheet and Liquidity - As of December 31, 2024, total liquidity was $205.6 million, with net debt at $438.2 million [12][13] - Cash and cash equivalents increased to $83.2 million from $46.3 million year-over-year [12][35] - Total assets grew slightly to $1.63 billion, while total liabilities decreased to $1.06 billion [35][36] Future Outlook - The company expects Q1 2025 total revenue to be between $330 million and $340 million, representing a 6% to 9% increase compared to Q1 2024 [15][16] - Economic fuel cost per gallon is projected to be $2.76, an 8% decrease from the previous year [15] - The operating income margin for Q1 2025 is anticipated to be between 17% and 21% [15]

Exhibit 99.1 Sun Country Airlines Reports Fourth Quarter and Full Year 2024 Results Q4 2024 total revenue of $260.4 million, highest fourth quarter on record Q4 2024 GAAP diluted EPS of $0.24 and operating income margin of 10.0% Q4 2024 Adjusted diluted EPS of $0.27 Q4 2024 Adjusted operating income margin of 10.6% , highest fourth quarter on record FY 2024 total revenue of $1.08 billion, highest full year on record FY 2024 GAAP diluted EPS of $0.96 and operating income margin of 9.9% FY 2024 Adjusted dilut ...

Sun Country Airlines Holdings, Inc. (SNCY) closed the last trading session at $16.18, gaining 7.9% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $20.43 indicates a 26.3% upside potential.The mean estimate comprises seven short-term price targets with a standard deviation of $2.82. While the lowest estimate of $16 indicates a 1.1% decline from the current price level, the most opt ...

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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

MINNEAPOLIS, Jan. 09, 2025 (GLOBE NEWSWIRE) -- Sun Country Airlines (NASDAQ: SNCY) will hold its fourth quarter and full year 2024 earnings call on Tuesday, February 4 at 8:30 a.m. Eastern Time. To access the live call and subsequent replay, interested investors and other parties can log on to the Sun Country investor relations website at https://ir.suncountry.com/news-events/events-and-presentations. They may also access the call by clicking on the link here which will provide a dial-in. About Sun Country ...

Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Sun Country Airlines Holdings, Inc. (SNCY) , which belongs to the Zacks Transportation - Airline industry, could be a great candidate to consider.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 75%, on average, in the last two quarters.For the last rep ...

Sun Country Gopher Athletics Livery Sun Country Airlines Gopher Athletics Livery MINNEAPOLIS, Dec. 21, 2024 (GLOBE NEWSWIRE) -- Sun Country Airlines (NASDAQ: SNCY) debuted its first custom-designed aircraft livery in celebration of Minnesota Golden Gopher Athletics. Sun Country was named the Official Airline of Gopher Athletics in 2023. In addition, Sun Country has provided charter service for the university’s sports teams since 2012 and has flown nearly 500 charters during the past 12 years. "Sun Coun ...

Group 1: Company Overview - Sun Country Airlines debuted its first custom-designed aircraft livery to celebrate Minnesota Golden Gopher Athletics, marking a significant branding initiative for the airline [4] - The airline was named the Official Airline of Gopher Athletics in 2023 and has provided charter services for the university's sports teams since 2012, completing nearly 500 charters over the past 12 years [4][8] - Sun Country Airlines operates as a hybrid low-cost carrier, focusing on leisure and visiting friends and relatives (VFR) passengers, charter customers, and cargo services, including flights for Amazon [7] Group 2: Partnership and Community Engagement - The custom livery features the Minnesota Block M and Maroon and Gold colors, symbolizing the partnership between Sun Country and Gopher Athletics, which is expected to enhance community pride [8] - Senior executives from both organizations expressed excitement about the partnership, highlighting the mutual benefits and the pride associated with representing Minnesota [8] - The aircraft, tail number 809, will be visible on various routes, promoting both the airline and the university's athletic programs [6]