NASDAQ$SNCY
Sun Country Airlines Holdings Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Sun Country Airlines reported third quarter results with GAAP diluted EPS of $0.18 and operating income of $15 million.
Sun Country Airlines reported a strong leisure demand environment in Q3 2022, with a 39% increase in scheduled service unit revenue compared to Q3 2021. Despite higher fuel prices and the impact of Hurricane Ian, the company achieved a GAAP operating margin of 6.9% and an adjusted operating income margin of 7.2%. Total revenue for the quarter was $222 million.
- Scheduled service unit revenue increased 39% versus third quarter 2021.
- GAAP operating margin of 6.9% and an adjusted operating income margin of 7.2%.
- Pilot training pipeline expanded with 91 pilots hired in 2022, a 20% increase.
- Board of directors authorized management to repurchase up to $50 million worth of SNCY shares.
Headline financials
Revenue & EPS history
Sun Country Airlines · Revenue · Quarterly
$222M
Revenue by segment
Sun Country Airlines · $222M total across 5 segments · Q3 2022
- Scheduled Service$102M—46.1%
- Ancillary$50.3M—22.7%
- Charter Service$42.9M—19.4%
- Cargo$23.7M—10.7%
- Other$2.65M—1.2%
Forward guidance
Sun Country Airlines provided guidance for the fourth quarter of 2022, including total revenue between $220 million and $230 million, an economic fuel cost per gallon of $3.75, an operating income margin between 4% and 8%, an effective tax rate of 23%, and total system block hours between 32,000 and 33,000.
Tailwinds
- Total revenue between $220 million and $230 million, a 27% to 33% increase compared to Q4 2021.
- Total system block hours - thousands 32 to 33, a 9% to 12% increase compared to Q4 2021.
- Economic fuel cost per gallon $3.75
- Operating income margin - percentage 4% to 8%
- Effective tax rate 23%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
-0.5%
Avg return
Earnings day
-0.2%
Avg return
5 days after
-1.7%
Avg return
30 days after
65%
17 / 26 earnings
Positive
+13.3%
Q3 2022
Best reaction
-22.0%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.4% | +6.8% | — | |
| Q4 2025 | +12.6% | +7.6% | -16.3% | |
| Q3 2025 | +6.5% | +12.4% | +29.1% | |
| Q2 2025 | -11.0% | -8.9% | +14.3% | |
| Q1 2025 | +0.3% | +14.7% | +18.2% | |
| Q4 2024 | -0.9% | +8.3% | -8.0% | |
| Q3 2024 | +11.7% | +14.6% | +14.4% | |
| Q2 2024 | -15.8% | -18.0% | -16.2% | |
| Q1 2024 | -19.3% | -18.1% | -25.3% | |
| Q4 2023 | +6.3% | +1.0% | +8.8% | |
| Q3 2023 | -3.6% | -2.9% | +32.3% | |
| Q2 2023 | -22.0% | -24.8% | -29.1% | |
| Q1 2023 | +8.1% | -2.6% | +0.7% | |
| Q4 2022 | +12.5% | +13.1% | +8.3% | |
| Q3 2022 | +13.3% | +16.3% | +24.1% | |
| Q2 2022 | -10.9% | -4.9% | +0.4% | |
| Q1 2022 | -11.5% | -15.8% | -26.2% | |
| Q4 2021 | +4.2% | +8.6% | -7.9% | |
| Q3 2020 | +1.0% | +8.2% | -15.6% | |
| Q3 2021 | +1.0% | +8.2% | -15.6% | |
| Q2 2020 | +0.4% | -4.8% | -4.3% | |
| Q2 2021 | +0.4% | -4.8% | -4.3% | |
| Q1 2020 | +1.9% | -5.9% | -6.5% | |
| Q4 2020 | +1.9% | -5.9% | -6.5% | |
| Q4 2019 | +1.9% | -5.9% | -6.5% | |
| Q1 2021 | -4.5% | -2.0% | -3.5% | |
| Q1 2019 | — | — | — | |
| Q1 2018 | — | — | — |
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