Press release
Sun Country Airlines Reports First Quarter 2025 Results
Revenue of $327 million, highest quarter on record(1)GAAP diluted EPS of $0.66, operating income of $56 million and margin of 17.2%Adj. diluted EPS(2) of
About this update from Sun Country Airlines Holdings, Inc.
[{"type":"text","content":"Revenue of $327 million, highest quarter on record(1)GAAP diluted EPS of $0.66, operating income of $56 million and margin of 17.2%Adj. diluted EPS(2) of $0.72, adj. operating income(2) of $60 million, highest first quarter on record(1), and margin of 18.3%Approved a new $25 million share repurchase authority MINNEAPOLIS, May 01, 2025 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc. (“Sun Country Airlines,” “Sun Country,” the “Company”) (NASDAQ: SNCY) today reported financial results for its first quarter ended March 31, 2025. “Sun Country is pleased to report our eleventh consecutive profitable quarter with GAAP EPS of $0.66 and adjusted diluted EPS of $0.72(2),” said Jude Bricker, Chief Executive Officer of Sun Country. “Despite the challenging scheduled revenue environment, we delivered $327 million of total revenue, our highest quarterly total(1), along with $56 million of GAAP operating income and $60 million of adjusted operating income(2), also a quarterly record(1). Robust growth in our charter and cargo businesses helped offset lower than expected scheduled service revenue, demonstrating the effectiveness of our diversified business model. As a result, we were able to produce a GAAP operating margin of 17.2% and adjusted operating margin(2) of 18.3% which was higher than last year. In addition to our excellent performance, our board of directors has approved a $25 million share repurchase authorization. As always, we want to thank our employees for their hard work and dedication during a challenging operating period.” Overview of First Quarter Three Months Ended March 31, (unaudited) (in millions, except per share amounts) 2025 2024 % ChangeTotal Operating Revenue$326.6$311.5 4.9Operating Income 56.2 55.2 1.9Income Before Income Tax 48.1 46.6 3.4Net Income 36.5 35.3 3.5Diluted earnings per share$0.66$0.64 3.1 Three Months Ended March 31, (unaudited) (in millions, except per share amounts) 2025 2024 % ChangeAdjusted Operating Income (2)$59.7$56.7 5.4Adjusted Income Before Income Tax (2) 52.3 48.1 8.8Adjusted Net Income (2) 39.7 36.5 8.9Adjusted diluted earnings per share (2)$0.72$0.66 9.1 Amounts presented in the tables above may not recalculate due to rounding For the quarter ended March 31, 2025, Sun Country reported net income of approximately $37 million and income before income tax of $48 million, on $327 mil...