Highlights

  • Sun Country’s Q3FY25 operating revenue rose 2.4% YoY to USD 255.5 million.
  • Cash and bank balances climbed 34.4% YoY to USD 111.8 million.
  • Cargo and charter contributed ~40% of Q3 revenue.
  • Amazon freighter fleet reached 20 aircraft, boosting total operating aircraft by 14% YTD.
  • Q4 revenue outlook of USD 270–280 million implies 4–8% YoY growth.

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) oversees Sun Country Airlines, a hybrid low-cost carrier operating across scheduled passenger services, charter operations, and cargo activities using shared resources.

The company’s recent updates highlight network and booking visibility initiatives. On December 02, 2025, Sun Country announced the opening of a new operational base at Cincinnati/Northern Kentucky (CVG) airport from January 31, 2026, to support expanded cargo operations, notably for Amazon, and potential growth of its scheduled passenger network. In October 2025, the airline extended its booking schedule through summer 2026, signalling confidence in demand and offering greater forward visibility for travel and charter services.

Q3 Financial Update

For the third quarter of fiscal 2025 (Q3FY25), total operating revenue was USD 255.5 million compared with USD 249.5 million in Q3 FY2024, a 2.4% YoY increase driven by favourable cargo and charter contributions and full deployment of the 20‑aircraft Amazon freighter fleet.

Net income fell to USD 1.6 million from USD 2.3 million, a 33.8% YoY decline, as higher operating costs—including labour and maintenance pressures—weighed on profitability.

Cash from operating activities improved to USD 78.2 million from USD 74.3 million, up 5.2% YoY, while cash and due from banks rose to USD 111.8 million from USD 83.2 million, a 34.4% YoY increase.

Key positives include completion of the freighter fleet expansion, with 20 aircraft deployed by Q3, representing a 14% year-to-date increase in total operating aircraft and enhancing cargo capacity and growth potential. Cargo, especially the Amazon contract, and charter operations together contributed roughly 40% of total Q3 revenue, diversifying the company’s revenue mix and reducing exposure to fuel‑price volatility.

Company Outlook

The company expects Q4 2025 total revenue between USD 270 million and 280 million, implying 4–8% year-over-year growth supported by an anticipated 8–11% increase in total system block hours. The company projects an economic fuel cost of USD 2.50 per gallon and an operating income margin of 5–8%, a 2.6–5.6 percentage-point decline from the prior year as unit costs stay elevated due to reduced scheduled-service flying, and it expects an effective tax rate of about 23%.

Top 10 Shareholders

The top 10 shareholders together form ~59.15% of the total shareholding. BlackRock Institutional Trust Company, N.A. holds the largest stake at 13.48%, followed by The Vanguard Group, Inc. with 9.06%.

Stock Information

SNCY closed at USD 14.88 on December 10, 2025, sitting 19.95% below its 52-week high of USD 18.59 and 83.70% above its 52-week low of USD 8.10. The stock shows a 3-month return of 13.50% and a 6-month return of 28.83%.

Note 1: Past performance is not a reliable indicator of future performance.
Note 2: The reference data for all price data, currency, technical indicators, support, and resistance levels is 10 December 2025. The reference data in this report has been partly sourced from EODHD/Others.

Technical Indicators Defined

Support: A level at which the stock prices tend to find support if they are falling, and a downtrend may take a pause backed by demand or buying interest. Support 1 refers to the nearby support level for the stock and if the price breaches the level, then Support 2 may act as the crucial support level for the stock.

Resistance: A level at which the stock prices tend to find resistance when they are rising, and an uptrend may take a pause due to profit booking or selling interest. Resistance 1 refers to the nearby resistance level for the stock and if the price surpasses the level, then Resistance 2 may act as the crucial resistance level for the stock.