Sun Country Airlines reported a net loss of $0.6 million for Q4 2021, but achieved an adjusted operating income of $15 million, representing a 9% adjusted operating margin. The company faced challenges including weather conditions, staffing outages, and a technology issue, but saw a rebound in bookings starting in mid-January. Full year adjusted net profit was $20 million, or $0.33 per share.
Q4 GAAP diluted EPS was ($0.01), while adjusted diluted EPS was $0.10.
Q4 GAAP operating income was $11 million, while adjusted operating income was $15 million.
Total revenue for Q4 2021 was $173 million, 5% higher than Q4 2019.
The company's charter service revenue was $39 million, up 15% from Q3 2021.
The company did not provide specific financial guidance for Q1 2022 beyond stating they've committed to take delivery of two more aircraft in first quarter 2022 and has executed LOI’s for an additional 5 aircraft for delivery in 2022. The Company expects to add eight or more total aircraft to its passenger fleet this year.
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