earnings
confidence high
sentiment negative
materiality 0.75
Sun Country Q2 2022 GAAP loss per share $(0.07); revenue up 47% YoY but net loss $3.9M
Sun Country Airlines Holdings, Inc.
2022-Q2 EPS reported
$0.00
revenue$445,591,000
- GAAP diluted EPS $(0.07), adjusted diluted EPS $(0.03); operating income $3.4M, adjusted $3.9M.
- Q2 revenue $219.1M (+46.8% YoY) but net loss $3.9M vs net income $52.2M in Q2 2021.
- Scheduled service TRASM up 29% vs Q2 2019; total fare $173 (+23% vs 2019); ancillaries $50/pax.
- Training challenges limited capacity; scheduled block hours down 9% vs Q2 2019; fuel cost $4.39/gal.
- Q3 2022 guidance: revenue $215-220M, op margin 3-5%, fuel $3.84/gal, system block hours 31-32K.