Sun Country Q3 revenue up 28% to $222M, GAAP EPS $0.18; authorizes $50M buyback

Sun Country Airlines Holdings, Inc.

2022-Q3 EPS reported $0.17 revenue$667,290,000

GAAP net income $10.7M ($0.18 diluted EPS); adjusted EPS $0.12; revenue $221.7M (+28% YoY).
Scheduled service unit revenue +39% vs Q3 2021; total revenue guided $220-230M for Q4 2022.
Board authorized $50M stock repurchase program; plans $25M accelerated share repurchase soon.
Training constraints and Hurricane Ian reduced capacity; 91 pilots hired in 2022 (+20%).
Q4 guidance: operating income margin 4-8%; economic fuel cost $3.75/gal; block hours +9-12%.

item 2.02 item 8.01 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Sun Country Airlines Holdings, Inc. reported the fiscal quarter ended September 30, 2022 results: revenue $222 million, net income $10.7 million, EPS $0.18.

Period: the fiscal quarter ended September 30, 2022
Revenue: $222 million
Net income: $10.7 million
EPS: $0.18
Result: reported results

Exact text from the filing

per share (1) $ 0.29 $ 0.21 38.1 Page 1 For the quarter ended September 30, 2022, Sun Country reported net income of $11 million and income before income tax of $13 million, on $222 million of revenue. Adjusted income before income tax for the quarter was $10 million (1) . GAAP operating income during the quarter was $15 million, producing an operating margin of

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Source: SEC EDGAR

accession 0001743907-22-000016

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