Sun Country Airlines reports Q4 adjusted EPS 27c, consensus 20c

Reports Q4 revenue $260.4M, consensus $258.04M. “Sun Country’s uniquely diversified business model and the efforts of our outstanding employees produced record Q4 revenue and pretax earnings. Our full year results were also strong, with record revenue, a 9.9% GAAP operating income margin and a 10.4% adjusted operating income margin,” said CEO Jude Bricker. “We were an industry leader in making significant capacity adjustments in response to industry oversupply, particularly during off-peak periods. The capacity environment in the fourth quarter was more balanced and we see this continuing into the first quarter of 2025. The improved economics of our cargo business also contributed to our strong results in the second half of the year. As we move into 2025, we expect the favorable environment to continue, with strong unit revenue trends in our passenger business and the addition of eight more Amazon freighter aircraft to our fleet throughout the year. Our revenue streams are becoming even more diverse as we increase cargo flying, and our earnings are becoming more stable as more of our flying moves under contractual agreements.”