NASDAQ$SNCY
Sun Country Airlines Holdings Inc · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
Sun Country Airlines reported record fourth quarter revenue and pretax earnings, driven by a uniquely diversified business model and strong employee efforts.
Sun Country Airlines reported a strong fourth quarter and full year in 2024, with record fourth quarter revenue and pretax earnings. The company's diversified business model and capacity adjustments contributed to the positive results.
- Q4 2024 total revenue reached $260.4 million, marking the highest fourth quarter revenue on record.
- GAAP diluted EPS for Q4 2024 was $0.24, with an operating income margin of 10.0%.
- Adjusted diluted EPS for Q4 2024 was $0.27, and the adjusted operating income margin was 10.6%, the highest fourth quarter on record.
- The company saw improved economics in its cargo business during the second half of the year.
Headline financials
Revenue & EPS history
Sun Country Airlines · Revenue · Quarterly
$260M
Revenue by segment
Sun Country Airlines · $249M total across 5 segments · Q3 2023
- Scheduled Service$96.5M-5.6%38.8%
- Ancillary$70.4M+40.1%28.3%
- Charter Service$47.4M+10.6%19.1%
- Cargo$26.1M+10.0%10.5%
- Other$8.46M+219.0%3.4%
Forward guidance
Sun Country Airlines anticipates strong first quarter 2025 bookings with mid-single digit growth in scheduled service ASMs and expects substantial growth in the cargo segment from the second quarter of 2025 onward.
Tailwinds
- Total revenue between $330 million and $340 million, a 6% to 9% increase compared to Q1 2024.
- Operating income margin of 17% to 21%, an increase of 1 to 3 percentage points compared to Q1 2024.
- Total system block hours expected to be between 41,000 and 42,000, a 7% to 9% increase compared to Q1 2024.
- Scheduled Service ASMs growing by slightly more than 7% over first quarter 2024.
- Economic fuel cost per gallon of $2.76, an 8% decrease compared to Q1 2024.
Headwinds
- Effective tax rate of 23%.
- No specific negatives were mentioned in the provided text, but general forward-looking statement disclaimers apply.
- No specific negatives were mentioned in the provided text, but general forward-looking statement disclaimers apply.
- No specific negatives were mentioned in the provided text, but general forward-looking statement disclaimers apply.
- No specific negatives were mentioned in the provided text, but general forward-looking statement disclaimers apply.
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 Q4 2024
-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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