secwatch.observer — SEC 8-K summary
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Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2022-11-01T23:59:59+00:00
Accession:  0001743907-22-000016
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000174390722000016/0001743907-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000174390722000016/sncy-20221031.htm
  HTML page:      https://secwatch.observer/filing/0001743907-22-000016

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