8-K
filed February 2, 2023, 6:59 PM ET
ticker SNCY
CIK 0001743907
earnings
confidence high
sentiment positive
materiality 0.75
Sun Country Q4 revenue $227.2M (+31.6% YoY); adj. EPS $0.13; FY22 record revenue $894.4M
Sun Country Airlines Holdings, Inc.
2022-FY EPS reported
$0.29
revenue$894,444,000
- Q4 GAAP diluted EPS $0.12; adjusted diluted EPS $0.13; operating margin 6.7%.
- Full-year 2022 revenue $894.4M (+43.6% YoY); GAAP net income $17.7M vs $81.2M in 2021 due to fuel and labor costs.
- Adjusted net income for 2022 $25.8M (+41.8%); adjusted diluted EPS $0.42 (+35.5%).
- Q1 2023 guidance: revenue $280-290M; operating margin 15-20%; system block hours 35k-36k.
- Completed $25M ASR (1.4M shares at $18.23 avg); $25M buyback authorization remains.
Key facts
Extracted from this filing and checked against the source text.
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Sun Country Airlines Holdings, Inc. reported the fiscal year ended December 31, 2022 results: revenue $894.4 million, net income $17.7 million, EPS $0.29.
- Period
- the fiscal year ended December 31, 2022
- Revenue
- $894.4 million
- Net income
- $17.7 million
- EPS
- $0.29
- Result
- reported results
Exact text from the filing
“Our unique and diversified business model continued to produce strong results in the face of significant industry challenges, as we grew year-over-year revenue by 43.6% to $894.4 million, a record high for Sun Country. Despite constraints on our growth, the impact of Omicron in Q1 and a 71% increase in fuel prices versus 2021, we produced a GAAP pre-tax margin of
View on SEC.gov
Earnings Releases
SEC 8-K Item 2.02
confidence 0.9
Sun Country Airlines Holdings, Inc. reported the fiscal quarter ended December 31, 2022 results: revenue $227.2 million, net income $7.3 million, EPS $0.12.
- Period
- the fiscal quarter ended December 31, 2022
- Revenue
- $227.2 million
- Net income
- $7.3 million
- EPS
- $0.12
- Result
- reported results
Exact text from the filing
per share (1) $ 0.42 $ 0.31 35.5 Page 1 For the quarter ended December 31, 2022, Sun Country reported Income Before Income Tax of $9.5 million and Net Income of $7.3 million, on $227.2 million of revenue. Adjusted Income Before Income Tax for the quarter was $10.3 million (1) . GAAP Operating Income during the quarter was $15 million, producing an Operating Margin of
View on SEC.gov
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