earnings
confidence high
sentiment negative
materiality 0.70
Sun Country Q2 GAAP EPS $0.03, revenue $254M, down 2.6% YoY
Sun Country Airlines Holdings, Inc.
2024-Q2 EPS reported
$0.67
revenue$565,864,000
- GAAP diluted EPS $0.03, adjusted diluted EPS $0.06; net income $1.8M vs $20.6M YoY.
- Operating income $12.4M (margin 4.9%); adjusted operating income $13.9M (margin 5.5%).
- Scheduled service TRASM fell 21.3% YoY; charter revenue up 2.8%, cargo up 1.7%.
- Revised Amazon cargo agreement extends through 2030, adding eight new freighters.
- Total liquidity $153M, net debt $552M; Q3 guidance: revenue $245-$255M, margin 3%-5%.