Sun Country Airlines Holdings, Inc. Announces Consolidated Unaudited Earnings Result for the Second Quarter and Six Months Ended June 30, 2021
July 28, 2021 at 04:21 pm EDT
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Sun Country Airlines Holdings, Inc. announced consolidated unaudited earnings result for the second quarter and six months ended June 30, 2021. For the quarter, the company reported total operating revenue of $149,189,000 compared to $35,376,000 a year ago. Operating Income was $49,238,000 compared to operating loss of $2,234,000 a year ago. Net Income was $51,753,000 compared to net loss of $6,040,000 a year ago. Net income per basic share to common stockholders was $0.91 compared to net loss per basic share to common stockholders of $0.13 a year ago. Net income per diluted share to common stockholders was $0.83 compared to net loss per diluted share to common stockholders of $0.13 a year ago.
For the six months, the company reported total operating revenue of $276,802,000 compared to $215,706,000 a year ago. Operating Income was $74,172,000 compared to $12,996,000 a year ago. Net Income was $64,169,000 compared to $1,211,000 a year ago. Net income per basic share to common stockholders was $1.21 compared to $0.03 a year ago. Net income per diluted share to common stockholders was $1.12 compared to net loss per diluted share to common stockholders of $0.02 a year ago.
Sun Country Airlines Holdings, Inc. operates Sun Country Airlines, a hybrid low-cost air carrier that deploys shared resources across its scheduled service, charter, and cargo businesses. The Company focuses on serving leisure and visiting friends and relatives (VFR) passengers, 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. Its Passenger segment consists of two businesses: Scheduled Service and Charter. These businesses both utilize the Company's passenger fleet. Its Cargo segment provides air cargo services. It flies a single-family fleet of mid-life Boeing 737-NG aircraft. Its fleet consists of about 60 Boeing 737-NG aircraft. This includes 42 aircraft in the passenger fleet, 12 cargo operated aircraft through the ATSA with Amazon, and six aircraft that are on lease to unaffiliated airlines.