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Sun Country Airlines Holdings, Inc.

Sun Country Airlines Holdings, Inc.

NASDAQ•SNCY
CEO: Mr. Jude I. Bricker
Sector: Industrials
Industry: Airlines, Airports & Air Services
Listing Date: 2021-03-17
Sun Country Airlines Holdings, Inc., an air carrier company, operates scheduled passenger, air cargo, charter air transportation, and related services in the United States, Latin America, and internationally. It operates through two segments, Passenger and Cargo. The company also provides crew, maintenance, and insurance services through ad hoc, repeat, short-term, and long-term service contracts; and loyalty program rewards. As of December 31, 2023, its fleet consisted of 60 Boeing 737-NG aircraft, which includes 42 passenger fleet, 12 cargo, and 6 leased to unaffiliated airlines aircraft. The company serves leisure, and visiting friends and relatives passengers; charter and cargo customers; military branches; collegiate and professional sports teams; wholesale tour operators; schools; companies; and other individual entities through its website, call center, and travel agents. Sun Country Airlines Holdings, Inc. was founded in 1983 and is headquartered in Minneapolis, Minnesota.
Contact Information
2005 Cargo Road, Minneapolis, MN, 55450, United States
651-681-3900
www.suncountry.com
Market Cap
$658.09M
P/E (TTM)
11.3
10.1
Dividend Yield
--
52W High
$18.59
52W Low
$8.10
52W Range
41%
2.9
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Weak • 2.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024

Financial Dashboard

Q3 2025 Data

Revenue

$255.54M+2.43%
4-Quarter Trend

EPS

$0.04-9.71%
4-Quarter Trend

FCF

-$36.18M-216.54%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Nine Month Revenue Growth Total Operating Revenues grew 4% to $845.8M for nine months, driven by Cargo segment expansion and rate increases.
Net Income Rises Nine month Net Income increased 13% to $44.7M, reflecting improved overall profitability year-to-date results.
Cargo Revenue Surges Cargo revenue increased 36% to $107.0M for nine months, supported by new aircraft placement under A&R ATSA.
Strong Liquidity Position Total Liquidity reached $298.7M at September 30, 2025, up from $205.6M at year-end 2024.

Risk Factors

Q3 Passenger Revenue Dip Passenger revenue declined 3% in Q3 2025 due to reduced capacity focus supporting Cargo growth efforts.
Q3 Profitability Decline Q3 Net Income dropped 34% to $1.55M compared to Q3 2024, despite revenue increase.
Fuel Price Volatility Aircraft Fuel expense remains sensitive to volatile market prices, impacting cost structure comparability across periods.
IRS Tax Contingency Company appealed IRS assessment of $2.7M regarding excise taxes; loss contingency not recognized as of September 30, 2025.

Outlook

Cargo Aircraft Fully Placed All eight additional Amazon cargo aircraft were received and placed in-service during the nine months ended September 30, 2025.
New Credit Facility Active Executed new $75.0M Revolving Credit Facility in March 2025, replacing prior $25.0M facility.
Debt Refinancing Completed Repaid 2023 Term Loan using proceeds from new $108.0M 2025 Term Loan Facility in September 2025.
Executive Compensation Review Approved new executive employment letters in October 2025 to align compensation with steady-state public companies.

Peer Comparison

Revenue (TTM)

BlueLinx Holdings Inc.BXC
$2.95B
-0.2%
Forward Air CorporationFWRD
$2.50B
+14.5%
Compass DiversifiedCODI
$2.20B
+4.2%

Gross Margin (Latest Quarter)

Sun Country Airlines Holdings, Inc.SNCY
63.6%
+44.9 pp
Compass DiversifiedCODI
49.4%
+13.6 pp
Cresud Sociedad Anónima, Comercial, Inmobiliaria, Financiera y AgropecuariaCRESY
48.6%
+15.7 pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
CRESY$699.59M9.112.7%28.8%
FWRD$661.78M-5.7-71.5%16.9%
SNCY$658.09M11.313.0%15.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-0.6%
Flat Growth
4Q Net Income CAGR
-51.3%
Declining Profitability
Cash Flow Stability
75%
Volatile Cash Flow

Research & Insights

Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Oct 30, 2025|
    Revenue: $255.54M+2.4%
    |
    EPS: $0.04-9.7%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 1, 2025|
    Revenue: $263.62M+3.6%
    |
    EPS: $0.12+248.8%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 2, 2025|
    Revenue: $326.65M+4.9%
    |
    EPS: $0.68+1.5%
    Meet
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 12, 2025|
    Revenue: $1.08B+2.5%
    |
    EPS: $1.00-23.1%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Oct 30, 2024|
    Revenue: $249.47M+0.2%
    |
    EPS: $0.04-68.4%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $254.38M-2.6%
    |
    EPS: $0.03-90.7%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 7, 2024|
    Revenue: $311.48M+5.9%
    |
    EPS: $0.67-1.5%
    Meet
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 14, 2024|
    Revenue: $1.05B+17.3%
    |
    EPS: $1.30+319.4%
    Beat