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SNCY

Sun Country Airlines Holdings, Inc.

SNCY

Sun Country Airlines Holdings, Inc. • NASDAQ
$13.70 ▲ 0.66% (+0.09)
Market Cap $728.26 M
52w High $18.59
52w Low $8.10
Dividend Yield 0%
P/E 13.05
Volume 363.85K
Outstanding Shares 53.16M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $255.538M ▼ $152.543M ▼ $1.552M ▼ 0.607% ▼ $0.04 ▼ $73.708M ▲
Q2-2025 $263.621M ▼ $157.802M ▼ $6.577M ▼ 2.495% ▼ $0.12 ▼ $42.74M ▼
Q1-2025 $326.649M ▲ $177.558M ▲ $36.535M ▲ 11.185% ▲ $0.68 ▲ $63.317M ▲
Q4-2024 $260.405M ▲ $32.57M ▼ $13.436M ▲ 5.16% ▲ $0.25 ▲ $51.784M ▲
Q3-2024 $249.47M $34.158M $2.342M 0.939% $0.044 $37.807M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $176.225M ▲ $1.604B ▲ $993.723M ▲ $610.212M ▼
Q2-2025 $138.301M ▼ $1.552B ▼ $939.064M ▼ $613.045M ▲
Q1-2025 $158.767M ▼ $1.592B ▼ $989.009M ▼ $603.017M ▲
Q4-2024 $187.272M ▲ $1.63B ▲ $1.06B ▲ $570.373M ▲
Q3-2024 $146.488M $1.61B $1.057B $552.546M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $1.552M ▼ $41.949M ▲ $35.171M ▲ $4.402M ▲ $81.522M ▲ $34.013M ▲
Q2-2025 $6.577M ▼ $19.821M ▲ $2.561M ▲ $-36.2M ▲ $-13.818M ▲ $14.026M ▲
Q1-2025 $36.535M ▲ $16.431M ▼ $-10.572M ▲ $-39.202M ▲ $-33.343M ▼ $1.022M ▼
Q4-2024 $13.436M ▲ $90.559M ▲ $-12.541M ▼ $-44.987M ▼ $33.031M ▼ $85.842M ▲
Q3-2024 $2.342M $35.431M $17.416M $-19.444M $33.403M $31.047M

Revenue by Products

Product Q3-2024Q4-2024Q1-2025Q2-2025
Ancillary
Ancillary
 $70.00M ▲$70.00M ▲$0 ▼$70.00M ▲
Cargo and Freight
Cargo and Freight
 $30.00M ▲$30.00M ▲$30.00M ▲$30.00M ▲
Charter Service
Charter Service
 $50.00M ▲$0 ▼$0 ▲$50.00M ▲
Passenger
Passenger
 $210.00M ▲$220.00M ▲$290.00M ▲$210.00M ▼
Scheduled Service
Scheduled Service
 $80.00M ▲$0 ▼$0 ▲$90.00M ▲
Service Other
Service Other
 $10.00M ▲$20.00M ▲$10.00M ▼$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Sun Country’s revenue has grown steadily over the last several years, reaching a little over the billion‑dollar mark most recently. Profitability has been consistently positive since shortly after its IPO, which is notable in an often-challenging airline industry. The biggest story in the latest year is a sharp improvement in gross profitability, showing that the company squeezed more earnings out of each dollar of sales. However, operating profit and net income did not rise in step with that improvement, suggesting higher costs elsewhere (such as labor, maintenance, or interest). Earnings per share have been somewhat up and down from year to year, pointing to some volatility in bottom‑line results even as the overall trend remains profitable.

Balance Sheet

Balance Sheet The balance sheet shows a business that has grown its asset base and shareholder equity over time, reflecting fleet investment and a stronger capital position since going public. Debt levels are meaningful but not extreme for an airline, and they have stayed in roughly the same range over the last few years, indicating a stable leverage profile rather than aggressive borrowing. Cash on hand has moved around, at one point being much higher and more recently sitting at a leaner level, which likely reflects heavy investment in aircraft and systems. Overall, the company looks reasonably well-capitalized, but it still operates with the typical financial leverage and asset intensity that characterize most airlines.

Cash Flow

Cash Flow Sun Country has generated solid and fairly consistent cash flow from its core operations, which is an encouraging sign of an underlying business that produces real cash, not just accounting profits. Free cash flow has been more volatile, turning negative during heavier investment years and then swinging positive again most recently. This pattern suggests that the company went through a sizable investment phase in aircraft and related assets and is now beginning to reap the benefits as spending normalizes. The recent return to positive free cash flow provides a bit more financial flexibility, but continued discipline on capital spending and costs will remain important.

Competitive Edge

Competitive Edge Sun Country occupies a focused niche as a low-cost, leisure‑oriented airline with a strong base in the Minneapolis–St. Paul region. Its mixed model—combining scheduled passenger service, charter flying, and a long‑term cargo partnership with Amazon—gives it a more diversified revenue stream than many peers that rely mostly on passenger fares. The Amazon cargo contract, in particular, adds a relatively stable, contractual component that helps offset seasonal swings in leisure travel. Its point‑to‑point network, single‑family Boeing 737 fleet, and no‑frills cost structure support efficiency, while somewhat better onboard amenities differentiate it from ultra‑bare‑bones competitors. Key competitive risks include exposure to fuel and labor costs, reliance on a primary hub, and intense price competition from both ultra‑low‑cost and larger network airlines.

Innovation and R&D

Innovation and R&D While Sun Country is not a heavy research‑lab type innovator, it has leaned into technology and business‑model innovation. The move to a modern reservations and retailing platform and the build‑out of data analytics capabilities are central to its strategy, enabling better pricing, route decisions, and customer experience. The airline is also upgrading its product offering with features such as streaming entertainment, power at seats, and tiered seating, aiming to offer a more comfortable experience than some ultra‑low‑cost peers without losing its cost focus. On the operations side, the expansion of the Amazon cargo fleet, introduction of larger passenger aircraft, consideration of a second focus city, and launch of a co‑branded credit card all point to a pipeline of incremental innovations rather than one big bet. The main execution risk is integrating these upgrades smoothly while preserving reliability and low costs.

Summary

Overall, Sun Country looks like a relatively young public airline that has moved from recovery and build‑out into a phase of more stable, profitable operations. Revenues and operating cash flows have trended upward, and profitability has been consistently positive in recent years, although earnings remain somewhat variable. The balance sheet shows a typical airline mix of sizeable assets and meaningful, but not outsized, debt, with equity steadily building over time. Strategically, the company’s differentiated mix of leisure flying, charter work, and a long‑dated Amazon cargo contract provides a measure of resilience compared with a single‑segment airline. Future performance will likely hinge on its ability to manage costs, execute its fleet and cargo expansion, maintain reliability, and navigate the cyclical nature of travel demand and competition in its core markets.

NEWS

October 29, 2025 · 4:05 PM UTC

Sun Country Airlines Reports Third Quarter 2025 Results

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October 28, 2025 · 10:19 AM UTC

Sun Country Airlines Extends Booking Schedule Through Summer 2026

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October 21, 2025 · 1:01 PM UTC

Sun Country Airlines Will Hold Its Third Quarter 2025 Earnings Conference Call October 30

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September 23, 2025 · 9:00 AM UTC

New Sun Country Airlines Credit Card from Synchrony Rewards Travelers Every Time They Fly

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September 22, 2025 · 1:01 PM UTC

Sun Country Airlines Appoints Wendy Schoppert to Board of Directors

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