{"id":902526,"date":"2025-10-29T18:40:27","date_gmt":"2025-10-29T22:40:27","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-country-airlines-reports-third-quarter-2025-results\/"},"modified":"2025-10-29T18:40:27","modified_gmt":"2025-10-29T22:40:27","slug":"sun-country-airlines-reports-third-quarter-2025-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/sun-country-airlines-reports-third-quarter-2025-results\/","title":{"rendered":"Sun Country Airlines Reports Third Quarter 2025 Results"},"content":{"rendered":"
\n

Revenue of $256 million, highest third quarter on record(1)<\/sup>
GAAP diluted EPS of $0.03, operating income of $10 million and margin of 3.9%
Adj. diluted EPS(2)<\/sup> of $0.07, adj. operating income(2)<\/sup> of $12 million and adj. margin(2)<\/sup> of 4.8%
Thirteenth consecutive profitable quarter<\/p>\n

MINNEAPOLIS, Oct. 29, 2025 (GLOBE NEWSWIRE) — Sun Country Airlines Holdings, Inc. (\u201cSun Country Airlines,\u201d \u201cSun Country,\u201d the \u201cCompany\u201d) (NASDAQ: SNCY<\/a>) today reported financial results for its third quarter ended September 30, 2025.<\/p>\n

\u201cSun Country is pleased to report our thirteenth consecutive profitable quarter with GAAP EPS of $0.03 and adjusted diluted EPS(2)<\/sup> of $0.07,\u201d said Jude Bricker, President and Chief Executive Officer of Sun Country. \u201cThe quarter marked a significant operational milestone as the company completed its cargo segment transformation. By September, we had deployed our full fleet of 20 freighter aircraft for Amazon, representing a 14% expansion in total operating aircraft compared to the beginning of the year. This achievement reflects the exceptional dedication and effort of our team. Beyond operational growth, we continued to return value to shareholders, completing $10 million in stock repurchases during the period while still retaining $15 million in share repurchase authority. These results underscore our ability to simultaneously grow operations, maintain profitability and reward shareholders.\u201d<\/p>\n

\n Overview of Third Quarter<\/strong>\n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (unaudited) (in millions, except per share amounts)<\/strong>\n <\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\n 2024<\/strong>
\n \n <\/td>\n		\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Total Operating Revenue<\/td>\n$<\/td>\n255.5<\/td>\n$<\/td>\n249.5<\/td>\n2.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating Income<\/td>\n\u00a0<\/td>\n9.9<\/td>\n\u00a0<\/td>\n12.4<\/td>\n(20.0<\/td>\n)<\/td>\n<\/tr>\n
Income Before Income Tax<\/td>\n\u00a0<\/td>\n2.2<\/td>\n\u00a0<\/td>\n3.0<\/td>\n(27.9<\/td>\n)<\/td>\n<\/tr>\n
Net Income<\/td>\n\u00a0<\/td>\n1.6<\/td>\n\u00a0<\/td>\n2.3<\/td>\n(33.7<\/td>\n)<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n$<\/td>\n0.03<\/td>\n$<\/td>\n0.04<\/td>\n(25.0<\/td>\n)<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Three Months Ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (unaudited) (in millions, except per share amounts)<\/strong>\n <\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\n 2024<\/strong>
\n \n <\/td>\n		\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Adjusted Operating Income(2)<\/sup><\/td>\n$<\/td>\n12.4<\/td>\n$<\/td>\n13.9<\/td>\n(11.0<\/td>\n)<\/td>\n<\/tr>\n
Adjusted Income Before Income Tax(2)<\/sup><\/td>\n\u00a0<\/td>\n5.0<\/td>\n\u00a0<\/td>\n4.5<\/td>\n11.4<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted Net Income(2)<\/sup><\/td>\n\u00a0<\/td>\n3.7<\/td>\n\u00a0<\/td>\n3.5<\/td>\n7.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjusted diluted earnings per share(2)<\/sup><\/td>\n$<\/td>\n0.07<\/td>\n$<\/td>\n0.06<\/td>\n16.7<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Nine Months Ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (unaudited) (in millions, except per share amounts)<\/strong>\n <\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\n 2024<\/strong>
\n \n <\/td>\n		\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Total Operating Revenue<\/td>\n$<\/td>\n845.8<\/td>\n$<\/td>\n815.3<\/td>\n3.7<\/td>\n<\/tr>\n
Operating Income<\/td>\n\u00a0<\/td>\n82.4<\/td>\n\u00a0<\/td>\n79.9<\/td>\n3.1<\/td>\n<\/tr>\n
Income Before Income Tax<\/td>\n\u00a0<\/td>\n58.9<\/td>\n\u00a0<\/td>\n52.6<\/td>\n11.8<\/td>\n<\/tr>\n
Net Income<\/td>\n\u00a0<\/td>\n44.7<\/td>\n\u00a0<\/td>\n39.5<\/td>\n13.2<\/td>\n<\/tr>\n
Diluted earnings per share<\/td>\n$<\/td>\n0.81<\/td>\n$<\/td>\n0.72<\/td>\n12.5<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Nine Months Ended September 30,<\/strong>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (unaudited) (in millions, except per share amounts)<\/strong>\n <\/td>\n\n 2025<\/strong>
\n \n <\/td>\n		\n 2024<\/strong>
\n \n <\/td>\n		\n % Change<\/strong>\n <\/td>\n<\/tr>\n
Adjusted Operating Income(2)<\/sup><\/td>\n$<\/td>\n90.0<\/td>\n$<\/td>\n84.5<\/td>\n6.5<\/td>\n<\/tr>\n
Adjusted Income Before Income Tax(2)<\/sup><\/td>\n\u00a0<\/td>\n67.5<\/td>\n\u00a0<\/td>\n57.2<\/td>\n17.9<\/td>\n<\/tr>\n
Adjusted Net Income(2)<\/sup><\/td>\n\u00a0<\/td>\n51.3<\/td>\n\u00a0<\/td>\n43.0<\/td>\n19.3<\/td>\n<\/tr>\n
Adjusted diluted earnings per share(2)<\/sup><\/td>\n$<\/td>\n0.93<\/td>\n$<\/td>\n0.78<\/td>\n19.2<\/td>\n<\/tr>\n<\/table>\n

\n Amounts presented in the tables above may not recalculate due to rounding<\/sup>\n <\/p>\n

For the quarter ended September\u00a030, 2025, Sun Country reported net income of $1.6 million and income before income tax of $2.2 million, on $255.5 million of revenue. Adjusted income before income tax(2)<\/sup> for the quarter was $5.0 million. GAAP operating income during the quarter was $9.9 million, while adjusted operating income(2)<\/sup> was $12.4 million, and GAAP operating margin was 3.9% and adjusted operating margin(2)<\/sup> was 4.8%.<\/sub>\u00a0\u00a0<\/p>\n

\u201cOur distinctive business strategy continued to deliver strong results in the third quarter, with the combination of cargo and charter operations reaching their highest revenue contribution since late 2020,\u201d said Torque Zubeck, Chief Financial Officer. \u201cCargo and charter combined to generate 40% of our total revenue this quarter. This diversified revenue stream provides a stable foundation that has limited exposure to fuel price volatility – we view this as a key competitive advantage over our industry peers. In addition, our scheduled service business exhibited strong momentum throughout the quarter. August performance demonstrated improving demand, with average fares rising five percent year-over-year while load factors increased nearly three percentage points. September trends accelerated further, delivering nearly eight percent fare growth and load factor improvements exceeding three points compared to the prior year period.\u201d<\/p>\n

\n Notable Highlights <\/strong>\n <\/p>\n