Sun Country Q1 revenue $311M record; Q2 op margin guided 4-7% vs 15% year ago

Sun Country Airlines Holdings, Inc.

2024-Q1 EPS reported $0.64 revenue$311,483,000

Q1 revenue $311.5M (+5.9% YoY); GAAP diluted EPS $0.64 flat; adj. diluted EPS $0.66 (down $0.02).
Adjusted operating margin 18.2% vs 20.5% in Q1 2023; scheduled service TRASM fell 11.7% YoY.
Q2 2024 guidance: revenue $255-265M, operating margin 4-7%, down sharply from ~15% in Q2 2023.
Costs: maintenance +29%, landing fees +34.6% YoY; adjusted CASM flat; fuel cost down 2.7%.
Repurchased 755k shares for $11.5M in Q1; net debt $565M; acquired 3 aircraft.

item 2.02 item 9.01

Key facts

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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 March 31, 2024 results: revenue $311.5 million, net income $35.3 million, EPS $0.64.

Period: the fiscal quarter ended March 31, 2024
Revenue: $311.5 million
Net income: $35.3 million
EPS: $0.64
Result: reported results

Exact text from the filing

such filings, unless expressly incorporated by specific reference in such filing. --- EX-99.1 (EX-99.1) --- Sun Country Airlines Reports First Quarter 2024 Results Revenue of $311 million, highest first quarter on record (1) GAAP diluted EPS of $0.64 and operating income of $55 million Adj. diluted EPS (2) of $0.66 and adjusted operating income (2) of $57 million

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Source: SEC EDGAR

accession 0001743907-24-000007

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