secwatch.observer — SEC 8-K summary
======================================

Issuer:     Sun Country Airlines Holdings, Inc. (SNCY)
CIK:        0001743907
Form:       8-K
Filed at:   2024-05-07T23:59:59+00:00
Accession:  0001743907-24-000007
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1743907/000174390724000007/0001743907-24-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1743907/000174390724000007/sncy-20240507.htm
  HTML page:      https://secwatch.observer/filing/0001743907-24-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer