earnings
confidence high
sentiment neutral
materiality 0.70
Sun Country Q3 2024: Revenue $249M record, EPS $0.04; Q4 guidance $250-260M
Sun Country Airlines Holdings, Inc.
2024-Q3 EPS reported
$0.72
revenue$815,334,000
- Revenue $249.5M (+0.2% YoY), highest third quarter ever; GAAP diluted EPS $0.04, adjusted EPS $0.06.
- Cargo revenue up 11.9% to $29M, charter revenue up 7.0% to $51M; scheduled service TRASM down 11.1%.
- Q4 2024 guidance: total revenue $250-260M, operating margin 7-9%, system block hours up 2-5% YoY.
- Net income $2.3M vs $7.6M a year ago; adjusted operating income $13.9M vs $20.0M.
- Total liquidity $164.8M; net debt $531.5M as of Sep 30, 2024.