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 ...

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Q4 2023 Earnings Conference Call February 1, 2024 8:00 AM ET Company Participants Christopher Allen - Director, Investor Relations Jude Bricker - Chief Executive Officer Dave Davis - President & Chief Financial Officer Conference Call Participants Duane Pfennigwerth - Evercore ISI Catherine O'Brien - Goldman Sachs Mike Linenberg - Deutsche Bank Brandon Oglenski - Barclays Christopher Stathoulopoulos - Susquehanna Operator Good day and thank you for standing ...

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 ...

Table of Contents 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.) 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 June 30, 2023 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...