---
schema_version: "secwatch.filing_event.v1"
accession: "0001743907-24-000007"
form_type: "8-K"
ticker: "SNCY"
cik: "0001743907"
company_name: "Sun Country Airlines Holdings, Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T19:21:30.934095+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001743907-24-000007
- form_type: 8-K
- ticker: SNCY
- cik: 0001743907
- company_name: Sun Country Airlines Holdings, Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1743907/000174390724000007/0001743907-24-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1743907/000174390724000007/sncy-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001743907-24-000007
- JSON: https://secwatch.observer/filing/0001743907-24-000007.json
- Plain text: https://secwatch.observer/filing/0001743907-24-000007.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1743907/000174390724000007/0001743907-24-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.