Sun Country Airlines Holdings Inc
NASDAQ:SNCY
Sun Country Airlines Holdings Inc
Sun Country Airlines Holdings, Inc. engages in the provision of scheduled passenger service, charter air transportation and, cargo businesses. The company is headquartered in Minneapolis, Minnesota and currently employs 2,181 full-time employees. The company went IPO on 2021-03-17. The company focuses on serving leisure and visiting friends and relatives (VFR) passengers and charter customers and providing crew, maintenance and insurance (CMI) service to Amazon.com Services, LLC (Amazon), with flights throughout the United States and to destinations in Canada, Mexico, Central America and the Caribbean. The firm operated a fleet of 48 Boeing 737-NG aircraft, consisting of 47 Boeing 737-800s and one Boeing 737-700. The company provides low-fare passenger airline service primarily to leisure and VFR travelers. In addition to base fares, passengers can choose from a number of ancillary products for an additional cost. The Company’s charter business services a variety of customers, including casino operators, the United States Department of Defense, college sports teams and professional sports teams.
Sun Country Airlines Holdings, Inc. engages in the provision of scheduled passenger service, charter air transportation and, cargo businesses. The company is headquartered in Minneapolis, Minnesota and currently employs 2,181 full-time employees. The company went IPO on 2021-03-17. The company focuses on serving leisure and visiting friends and relatives (VFR) passengers and charter customers and providing crew, maintenance and insurance (CMI) service to Amazon.com Services, LLC (Amazon), with flights throughout the United States and to destinations in Canada, Mexico, Central America and the Caribbean. The firm operated a fleet of 48 Boeing 737-NG aircraft, consisting of 47 Boeing 737-800s and one Boeing 737-700. The company provides low-fare passenger airline service primarily to leisure and VFR travelers. In addition to base fares, passengers can choose from a number of ancillary products for an additional cost. The Company’s charter business services a variety of customers, including casino operators, the United States Department of Defense, college sports teams and professional sports teams.
Profitability Streak: Sun Country achieved its 13th consecutive profitable quarter, highlighting the resiliency of its diversified business model.
Cargo Expansion: All 20 cargo aircraft are now operating, driving Q3 cargo revenue up 60% year-over-year, with expectations for further growth into December.
Sustained Revenue Growth: Q3 revenue rose 2.4% to $255.5 million. TRASM for September was up over 7% YoY, and Q4 TRASM is expected to increase by more than 6%.
Charter Strength: Charter revenue grew 15.6% and block hours increased 11.1%, with ad hoc charter demand particularly strong.
Cost Pressures: CASM increased 10.3% YoY, driven by labor and maintenance, but management expects unit cost inflation to stabilize by mid-to-late 2026.
Guidance: Q4 revenue is forecast at $270–$280 million with operating margin guided at 5–8%. No cargo aircraft additions are planned for Q4.
Network Outlook: Scheduled service capacity cuts peaked in Q3; growth expected to resume through 2026, with a focus on peak periods.
