Trade Sun Country Airlines Holdings Inc - SNCY CFD

Sun Country Airlines Holdings, Inc. Company profile

About Sun Country Airlines Holdings Inc

Sun Country Airlines Holdings, Inc. operates Sun Country Airlines, a low-cost air carrier that deploys shared resources across its scheduled service, charter and cargo businesses. It focuses on serving leisure and visiting friends and relatives (VFR) passengers and charter customers and providing crew, maintenance and insurance (CMI) service to Amazon.com Services, LLC (Amazon), with flights throughout the United States and to destinations in Canada, Mexico, Central America and the Caribbean. The Company operated a fleet of 48 Boeing 737-NG aircraft, consisting of 47 Boeing 737-800s and one Boeing 737-700. It provides low-fare passenger airline service primarily to leisure and VFR travelers. In addition to base fares, passengers can choose from a number of ancillary products for an additional cost. The Company’s charter business services a variety of customers, including casino operators, the United States Department of Defense, college sports teams and professional sports teams.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, Sun Country Airlines Holdings Inc revenues increased 55% to $623M. Net income totaled $77.5M vs. loss of $3.9M. Revenues reflect United States segment increase of 56% to $597M, Latin America segment increase of 33% to $24.6M. Net Income reflects Other, net increase from $371K (expense) to $14.6M (income), COVID-19 One-time Government Grants increase of 15% to $71.6M (income).