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Dec 31, 2024
Sun Country Airlines Q4 2024 Earnings Report
Sun Country Airlines reported record fourth quarter revenue and pretax earnings, driven by a uniquely diversified business model and strong employee efforts.
Key Takeaways
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.
Revenue by Segment
Forward Guidance
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.
Positive Outlook
- Total revenue between $330 million and $340 million, a 6% to 9% increase compared to Q1 2024.
- Operating income margin of 17% to 21%, an increase of 1 to 3 percentage points compared to Q1 2024.
- Total system block hours expected to be between 41,000 and 42,000, a 7% to 9% increase compared to Q1 2024.
- Scheduled Service ASMs growing by slightly more than 7% over first quarter 2024.
- Economic fuel cost per gallon of $2.76, an 8% decrease compared to Q1 2024.
Challenges Ahead
- Effective tax rate of 23%.
- No specific negatives were mentioned in the provided text, but general forward-looking statement disclaimers apply.
- No specific negatives were mentioned in the provided text, but general forward-looking statement disclaimers apply.
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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