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Sun Country Airlines Holdings (SNCY)
NASDAQ:SNCY
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Earnings Data
Report Date
Feb 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.2Last Year’s EPS
0.12Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jul 28, 2021
|% Change Since: 26.60%
|Next Earnings Date:May 06, 2021
Earnings Call Sentiment|Positive
Sun Country Airlines demonstrated strong performance in its charter and cargo segments, achieving its ninth consecutive profitable quarter. Despite challenges in scheduled service revenue and increased costs, positive booking trends and operational improvements suggest resilience. The outlook for future revenue and growth remains positive.Company Guidance
During the Sun Country Airlines Q3 2024 earnings call, several key metrics and guidance were discussed. The airline reported a third-quarter total revenue of $249.5 million, maintaining stability compared to Q3 2023. Although the Passenger segment saw a 3% decline, driven by an 11.1% drop in scheduled service TRASM, the Charter and Cargo segments experienced growth, with charter revenue reaching a new quarterly high of $51 million and cargo revenue increasing by 11.9% to $29.2 million. The company anticipates fourth-quarter total revenue to range between $250 million and $260 million, with an operating margin of 7% to 9%. Additionally, Sun Country expects a slight increase in scheduled service capacity in Q4 and Q1 2025, with improved pricing conditions. The airline's CASM for Q3 declined by 1.9% year-over-year, while adjusted CASM rose by 3.7%. Looking ahead, the company foresees mid-single-digit increases in CASM for 2025, driven by a shift in business mix and continued focus on operational improvements.Ninth Consecutive Quarter of Profitability
Sun Country Airlines reported its ninth consecutive quarter of profitability with year-to-date margins among the highest in the industry.
Charter and Cargo Growth
Charter revenue grew 7% to $51 million, setting a new quarterly high, while Cargo segment revenue increased by 11.9% to $29.2 million, also reaching an all-time quarterly high.
Positive Booking Trends
Selling unit revenues are now positive year-on-year for all future selling months, and the company expects fourth quarter TRASM to be around flat year-on-year.
Operational Improvements
Sun Country achieved a 99.5% controllable completion factor since August 1, following operational challenges earlier in the year.
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SNCY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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SNCY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $12.78 | $14.05 | +9.94% |
| Aug 01, 2024 | $11.67 | $11.03 | -5.48% |
| May 07, 2024 | $14.06 | $12.32 | -12.38% |
| Jan 31, 2024 | $13.61 | $14.66 | +7.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Sun Country Airlines Holdings (SNCY) report earnings?
Sun Country Airlines Holdings (SNCY) is schdueled to report earning on Feb 03, 2025, TBA Not Confirmed.
What is Sun Country Airlines Holdings (SNCY) earnings time?
Sun Country Airlines Holdings (SNCY) earnings time is at Feb 03, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is SNCY EPS forecast?
SNCY EPS forecast for the fiscal quarter 2024 (Q4) is 0.2.
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