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Mar 31, 2022
Sun Country Airlines Q1 2022 Earnings Report
Sun Country Airlines reported a profitable first quarter, driven by strong bookings and unit revenue trends, despite higher fuel prices and Omicron-driven headwinds.
Key Takeaways
Sun Country Airlines reported a profitable first quarter with a net income of $4 million and an operating income of $22 million. The company's revenue reached a record quarterly high of $227 million, driven by strong bookings and unit revenue trends.
GAAP diluted EPS was $0.06, and operating income was $22 million.
Adjusted diluted EPS was $0.20, and adjusted operating income was $23 million.
Net income was approximately $4 million, with adjusted net income at approximately $12 million.
Scheduled service TRASM is expected to increase between 25% and 34% versus the second quarter of 2019.
Revenue by Segment
Forward Guidance
Sun Country anticipates passenger demand to remain strong with second quarter scheduled service TRASM expected to increase between 25% and 34% versus second quarter 2019.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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