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Dec 31, 2022
Sun Country Airlines Q4 2022 Earnings Report
Sun Country Airlines reported financial results for Q4 and full year 2022.
Key Takeaways
Sun Country Airlines reported a revenue of $227.2 million, a GAAP diluted EPS of $0.12, and an operating margin of 6.7% for Q4 2022. The company's unique and diversified business model continued to produce strong results.
Total operating revenue increased by 31.6% to $227.2 million compared to Q4 2021.
GAAP diluted EPS was $0.12, and adjusted diluted EPS was $0.13.
Operating income was $15.1 million, producing an operating margin of 6.7%.
Adjusted operating income was $15.9 million, resulting in an adjusted operating income margin of 7.0%.
Revenue by Segment
Forward Guidance
Sun Country Airlines provided guidance for the first quarter of 2023.
Positive Outlook
- Total revenue is expected to be between $280 million and $290 million, a 24% to 28% increase compared to Q1 2022.
- Operating income margin is projected to be between 15% and 20%, a 5 to 10 percentage point increase compared to Q1 2022.
- Total system block hours are estimated to be between 35,000 and 36,000, a 3.5% to 6.5% increase compared to Q1 2022.
- Economic fuel cost per gallon is expected to be $3.58, a 12% increase compared to Q1 2022.
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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