Record Revenue and Profitability
Q4 2024 marked Sun Country's tenth consecutive quarter of profitability, with total revenue reaching $260.4 million and an adjusted operating margin of 10.6%, both the highest on record for the company.
Full Year Revenue Milestone
Sun Country achieved its highest full-year revenue of $1.08 billion in 2024, driven by strong performance in the charter and cargo segments.
Cargo Segment Growth
Cargo revenue grew by 13.1% in Q4 2024, reaching an all-time quarterly high of $28.6 million, despite a decrease in Cargo block hours. The company expects cargo revenue to roughly double by next year.
Strategic Fleet Expansion
Sun Country received its first cargo aircraft from a new agreement with Amazon, with plans to grow the cargo fleet to 20 by summer 2025, and expects to increase block hours by about 30% through 2027.
Union Agreements
The company reached agreements in principle with the unions of both flight attendants and dispatchers, expected to go to vote soon, promising improved rates and work rules.