earnings
confidence high
sentiment positive
materiality 0.75
Sun Country Q3 revenue record $249M (+12.3% YoY); adjusted diluted EPS $0.14 (+16.7%)
Sun Country Airlines Holdings, Inc.
2023-Q3 EPS reported
$1.12
revenue$804,077,000
- GAAP operating income $19M, operating margin 7.6%; adjusted operating margin 8.1%.
- Scheduled service ASMs grew 15.1% while TRASM declined only 5.0% to 11.72 cents.
- Board authorized additional $25M share repurchase; $25M remaining; repurchased 2.1M shares at $15.30 in Q3.
- Q4 2023 guidance: revenue $242-252M (7-11% growth), operating margin 3-5%, economic fuel $3.20/gal.
- Cargo revenue $26M (+10% YoY) on 6.3% more block hours; charter revenue $47M (+10.6% YoY).