Sun Country Airlines reported a strong fourth quarter and full year in 2024, with record fourth quarter revenue and pretax earnings. The company's diversified business model and capacity adjustments contributed to the positive results.
Q4 2024 total revenue reached $260.4 million, marking the highest fourth quarter revenue on record.
GAAP diluted EPS for Q4 2024 was $0.24, with an operating income margin of 10.0%.
Adjusted diluted EPS for Q4 2024 was $0.27, and the adjusted operating income margin was 10.6%, the highest fourth quarter on record.
The company saw improved economics in its cargo business during the second half of the year.
Sun Country Airlines anticipates strong first quarter 2025 bookings with mid-single digit growth in scheduled service ASMs and expects substantial growth in the cargo segment from the second quarter of 2025 onward.
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