Sun Country, Sun Country Airlines, Sun Country Vacations, Sun Country Connections, the Compass logo, Sun Country Rewards, Flitebites, and Minnesotas Hometown Airline are trademarks of Sun Country, Inc. d/b/a Sun Country Airlines. The Companys net debt(5) on June30, 2022 was $362 million, while total liquidity(6) was $308 million. This composed 92% of total charter flying versus 51% in the second quarter of 2019. Read our editorial policy to learn more about our process. Some seats in Sun Country have USB and AC power outlets so that you can charge your electronic devices. [33][34], Sun Country Rewards, the airline's frequent flyer program, was established in November 2018, and replaced an older program called Ufly.[35]. We believe certain charges included in our operating expenses on a GAAP basis make it difficult to compare our current period results to prior periods as well as future periods and guidance. Derivations of operating income and net income are well recognized performance measurements in the airline industry that are frequently used by our management, as well as by investors, securities analysts and other interested parties in comparing the operating performance of companies in our industry. Sun Country Airlines is growing . Points can be used to spend on flights, vacation packages, seat selections, and bag options. "I think a lot of Sun Country customers have been pretty shocked after booking a flight with the airline and going to the Apple App store or the Google Play store and looking for the Sun Country app to find absolutely nothing," Potter said. It also operates 12 freighter aircraft in its cargo operation. Adjusted Operating Income, Adjusted Operating Income Margin, Adjusted Income Before Income Tax, Adjusted Pre-tax Margin, and Adjusted Net Income are non-GAAP measures included as supplemental disclosure because we believe they are useful indicators of our operating performance. The online replay will be available on the same website approximately one hour after the call. 16461 Racquet Club Rd, Weston, FL 33326 | United States. By excluding volatile fuel expenses that are outside of our control from our unit metrics, we believe that we have better visibility into the results of operations and ournon-fuelcost initiatives. Sun Country, Sun Country Airlines, Sun Country Vacations, Sun Country Connections, the Compass logo, Sun Country Rewards, Flitebites, and Minnesotas Hometown Airline are trademarks of Sun Country, Inc. d/b/a Sun Country Airlines. FLL Airport FLL Airport - Broward County The ticket counters open three hours before the scheduled departure time. In addition, we believe that all domestic carriers are similarly impacted by changes in jet fuel costs over the long run, so it is important for management and investors to understand the impact and trends in company-specific cost drivers, such as labor rates, aircraft costs and maintenance costs, and productivity, which are more controllable by management. In the second quarter of 2021, the Companys charter service revenue was $28.9 million, an increase of 12% versus $25.8 million in the first quarter of 2021. [8], In July 2006, the airline was acquired by Petters Group Worldwide and Whitebox Advisors. Reconciliation of Adjusted EBITDAR to GAAP Net Income Dollars in millions Unaudited - amounts may not recalculate due to roundingThe following tables present the reconciliation of Net Income to Adjusted EBITDAR for the periods presented below. All costs of the Survey and Awards event are paid by Skytrax, and airlines do not pay any entry or registration fee. The forward-looking statements are relating to: our strategy, outlook and growth prospects; our operational and financial targets and dividend policy; general economic trends and trends in the industry and markets; and. Sun Country offers a customer experience that includes free in-flight entertainment, complimentary non-alcoholic beverage service, a mobile-friendly website with more self-service tools, and new interiors on each aircraft. We believe that while items excluded from Adjusted EBITDA and Adjusted EBITDA Margin may be recurring in nature and should not be disregarded in evaluation of our earnings performance, Adjusted EBITDA and Adjusted EBITDA Margin is useful because its calculation isolates the effects of financing in general, the accounting effects of capital spending and acquisitions (primarily aircraft, which may be acquired directly, directly subject to acquisition debt, by finance lease or by operating lease, each of which is presented differently for accounting purposes), and income taxes, which may vary significantly between periods and for different companies for reasons unrelated to overall operating performance. Adjusted CASM excludes fuel costs. Sun Country Airlines Web Check-in - Paytm MSP to Destin-Fort Walton Beach (VPS), Florida starts April 12, 2023, Destin-Fort Walton Beach will be Sun Countrys 11th nonstop destination in Florida from the Twin Cities. Service provided by Swift Air, Sun Country, Vacation Express and Viva Aerobus is offered on a charter and/or seasonal basis. The airline has a hub at MinneapolisSaint Paul International Airport (MSP), and has focus cities that include Portland (PDX), Dallas-Fort Worth (DFW), Madison (MSN) and St. Louis (STL). All statements other than statements of historical facts contained in this press release, including statements regarding our strategy, future operations, future financial position, future revenue, projected costs, prospects, plans, objectives of management, and expected market growth are forward-looking statements. 100 points are equal to a spend of each $1 in any Sun Country purchases. Sun Country Airlines was acquired by the Petters Group Worldwide and Whitebox Advisors in 2006. Cargo revenue consists of revenue earned from flying cargo aircraft under the Air Transportation Services Agreement (ATSA) with Amazon. Sun Country Rewards reward programme allows you to earn points when booking flights with Sun Country Airlines, airlines' partners and the airline's Visa card. Sun Country offers the most nonstop Florida destinations from MSP, and we are confident that Minnesotans and Midwest vacationers will love the white sand beaches that have made the Florida Panhandle famous.. FAQ. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. In the second quarter of 2021, cargo revenue was $22.1 million, a 2% increase versus the first quarter of 2021. Thus, stock-based compensation expense varies for reasons that are generally unrelated to operational decisions and performance in any particular period. There are three types of economy seats that you can choose from; Best, Exit Row and Standard: Best Seats offer one free alcoholic drink, 150% recline more, 4 inches more in seat pitch and priority boarding. The Broward County Aviation Department (BCAD) received approval for the Master Plan Update from the Federal Aviation Administration and the Florida Department of Transportation in early 2021. Airlines; North America; US; Sun Country Airlines; Sun Country Airlines Contact Information. Travel website names KCI best airport in the U.S. Q2 2022 GAAP diluted EPS of $(0.07) and operating income of $3 million, Q2 2022 Adjusted diluted EPS of $(0.03)(1) and adjusted operating income of $4 million(1). Additional information concerning certain factors is contained in the Companys Securities and Exchange Commission filings, including but not limited to the Companys Annual Reports on Form 10-K, Quarterly Report on Form 10-Q, and Current Reports on Form 8-K. We sometimes use information that is derived from the condensed consolidated financial statements, but that is not presented in accordance with GAAP. E Domestic Arrivals. Also, in Wisconsin, new service will operate twice weekly on Thursdays and Sundays between Orlando and both Madison and Green Bay beginning April 20. We have historically incurred substantial rent expense due to our legacy fleet of operating leased aircraft, which are currently being transitioned to owned and finance leased aircraft. Product rating includes cabin comfort, baggage / seat charges, buy onboard food & beverages, cabin cleanliness, and service rating is for cabin and ground staff. Our industry is highly competitive and is characterized by high fixed costs, so even a small reduction innon-fueloperating costs can lead to a significant improvement in operating results. to Phoenix - Mesa Gateway, returning Thu, Dec 14, priced at $327 found 1 day ago, Select Sun Country Airlines flight, departing Thu, Nov 9 from Portland Intl. Headquarters: 1300 Corporate Center Curve, Eagan, MN 55121, In-flight entertainment (WiFi, TV, movies). Paul (MSP) to San Francisco (SFO), Minneapolis/St. These forward-looking statements are generally identified by the use of forward-looking terminology, including the terms anticipate, believe, continue, could, estimate, expect, intend, likely, may, plan, possible, potential, predict, project, should, target, will, would and, in each case, their negative or other various or comparable terminology. The following tables present the reconciliation of net income (loss) to adjusted EBITDA for the periods presented below. to Phoenix - Mesa Gateway, returning Sun, Dec 17, priced at $357 found 1 day ago, Select Sun Country Airlines flight, departing Fri, Dec 15 from Portland Intl. 651-900-8400 The airline has a hub at Minneapolis-Saint Paul International Airport (MSP), and has focus cities that include Portland (PDX), Dallas-Fort Worth . Adjusted CASM is an important measure used by management and by our board of directors in assessing quarterly and annual cost performance. In such a competitive region for low-cost and ultra-low-cost air travel to be named the Best Low-Cost Airline in this sector should be a source of great pride for Sun Country Airlines and all of its staff.". We anticipate that subsequent events and developments will cause our views to change. Sun Country Airlines offers online check-in on all flights. Every ticket permits you to bring one personal item with you. Provide specific products and services to you, such as portfolio management or data aggregation. All rights reserved, Sun Country Airlines Reports Second Quarter 2022 Results, https://ir.suncountry.com/news-events/events-and-presentations, https://register.vevent.com/register/BI2e6b0275b8fe4c78aceab592f270965f, Adjusted diluted earnings (Loss) per share, Amount Available Under Revolving Credit Facility, See additional details in the tables below in the section titled Non-GAAP financial measures, Total system TRASM = total revenue cargo revenue / system ASMs, Scheduled service TRASM = scheduled service revenue + ancillary revenue + other revenue / scheduled service ASMs, Adjusted CASM is a non-GAAP measure derived from CASM by excluding fuel costs, Special Items, non-cash management stock compensation expense, costs arising from its cargo operations (began in 2020 when the Company launched cargo operations), certain commissions, and other costs of selling its vacations product from this measure. In July 2011, Sun Country was bought out of bankruptcy for $34 million by the Davis family, owners of Cambria, a Minnesota-based countertop company. About Sun CountrySun Country Airlines is a new breed of hybrid low-cost air carrier, whose mission is to connect guests to their favorite people and places, to create lifelong memories and transformative experiences. This site is protected by reCAPTCHA and the Google We also exclude stock compensation expense when computing Adjusted CASM. The following table presents the reconciliation of CASM to Adjusted CASM. The Companys scheduled revenue per scheduled ASM (PRASM) of 5.6 cents in the second quarter of 2021 declined 16% versus the same time period in 2019 while scheduled service load factor was 77%, the highest since the fourth quarter of 2019. It will. [21] The airline operated their first cargo flight for Amazon in May 2020. Ultra-low-cost airline of the United States, Rebuilding and Davis brothers ownership (20112017), Apollo Global Management ownership (2017present), 2018: Because of the restructuring of the business, financials for 2018 were reported as 'Predecessor' activity (January 1 through April 10) and 'Successor' activity (April 11 through December 31), 2020: Activities in fiscal 2020 were severely reduced by the impact of the, eleventh largest in the US by passengers carried, MinneapolisSaint Paul International Airport, List of Sun Country Airlines destinations, "Federal Aviation Administration Airline Certificate Information Detail View", "Here Comes the Sun: Inside Sun Country's Transition to a Low-Cost Carrier", "Amazon Looks to Sun Country to Boost Its Cargo Unit", "Petters Group Worldwide and Whitebox Advisors Acquire Sun Country Airlines", "Sept. 29: Sun Country workers face temporary 50% pay cut", "Sun Country asks MAC to help keep company flying", "Sun Country trims flights, and fares push higher", "Petters resigns amid fraud investigation", "Sun Country Airlines files for bankruptcy", "Cambria deal gives new life to Sun Country", "Cambria Holdings paid $34 million for Sun Country Airlines", "Sun Country Airlines CEO Ousted; owner Davis steps in as he seeks successor for Erani", "Sun Country names Jude Bricker as new CEO", "Sun Country Airlines Sold to Investment Giant Apollo Global Management", "Funds Managed by Affiliates of Apollo Global Management to Acquire Sun Country Airlines", "Amazon picks low-cost airline Sun Country to expand its cargo business", "Sun Country Airlines starts cargo operations for Amazon", "Sun Country Airlines' IPO prices above the expected range, to value company at more than $1.3 billion", "After 15 years of turbulence, Sun Country finding clear air", "U.S. The measure is also the subject of frequent questions from investors. Whatever it contains, it must meet the high-tech demands of today's travelers, or the airline will hear their complaints, experts said. . Browse airlines that fly in and out of the airport. Sun Country will initially operate ten cargo jets for Amazon Air. Sun Country Airlines is an American ultra-low-cost passenger and cargo airline, and the eleventh largest in the US by passengers carried. SUMMARY BALANCE SHEET(Dollars in millions) (Unaudited amounts may not recalculate due to rounding), SUMMARY CASH FLOW(Dollars in millions) (Unaudited - amounts may not recalculate due to rounding), Calculation of Special ItemsDollars in millions Unaudited - amounts may not recalculate due to rounding. All passengers receive a complimentary non-alcoholic beverage and access to a free in-flight entertainment system via steaming on your own portable device. View nonstop destinations from CLT. They also want a system for tracking those bags through the travel. FLL's Future RoadMap. Other budget airlines like Spirit and Frontier have had apps on the market for several years, said Kyle Potter of Thrifty Traveler, a Minnesota-based travel and flight deal website. Find out Sun Country Airlines' baggage policy. Sun Country Airlinesis a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic scheduled service, charter and cargo businesses. The second quarter 2022 total fare of $173 exceeded second quarter 2019 by 23%, and included strong ancillary revenue per passenger of $50. Travellers across the world vote in the largest airline passenger satisfaction survey to determine the award winners. SUN COUNTRY CARRY ON SIZE, Weight, Limits, Fees Guide [2021] Ancillary revenue per passenger of $41.66 was 26% higher than the second quarter of 2019 which helped to limit the decline in TRASM to 9% when compared to 2019. The following tables lists the items that are included as Special Items, net. Contacts This includes the associated lease termination costs, write-off of previously capitalized maintenance deposits, and the write-off of over-market liabilities, (1) In the quarter ended March 31, 2021, the Treasury awarded the Company a grant of $32.2 under PSP2. Having an app has become the bare minimum, Potter said, and this could simply be a matter of Sun Country playing catch-up. Reconciliation of Adjusted CASM to CASMamounts may not recalculate due to roundingThe following table presents the reconciliation of CASM to Adjusted CASM. Based inMinnesota, we focus on serving leisure and visiting friends and relatives ("VFR") passengers and charter customers and providing cargo CMI services, with flights throughoutthe United Statesand to destinations inMexico,Central America, Canada,and theCaribbean. Nick Williams is a business reporter for the Star Tribune. (1) See special items table above for more details(2) This represents the one-time costs to establish the Tax Receivable Agreement with our pre-IPO stockholders(3) This represents expenses related to a voluntary employee leave program in response to the COVID-19 pandemic, a portion of which is offset by the CARES Act Payroll Support Program as the benefit of this program is also adjusted as a component of Special Items, net, Reconciliation of Adjusted Income Before Income Tax to GAAP Income Before Income tax Dollars in millions Unaudited - amounts may not recalculate due to rounding. Sun Country Airlines Website: Your Ultimate Guide to Booking - LinkedIn Investor Relations However, this network is for the entertainment system only and not for the internet. Add: Provision for Income Tax Expense (Benefit), Income (Loss) Before Income Tax, as reported, This represents the one-time costs to establish the TRA liability with our pre-IPO stockholders, This represents the adjustment to the TRA for the period, which is recorded in Non-Operating Income (Expense). The US carrier does offer free drinks including water, coffee, tea, juices and soda. Sun Country indicated it had hoped to get up to $50 million in loans or other financial help from the state of Minnesota and the airports commission. The customer survey was provided in English, French, Spanish, Russian, Japanese and Chinese. It also began charging for the first checked bag. As we hire and train new staff at a record pace for Sun Country, new flying will come at high marginal profitability as the needed assets already exist.. Sun Country Airlines contact details including website, email, and social media pages. Charter service revenue is primarily generated through service provided to collegiate and professional sports teams, the U.S. Department of Defense, casinos and other customers. Sun Country dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. The online customer survey operated from September 2022 to May 2023, together with invitations sent to previous year respondents in the survey database. Website: Sun Country Airlines; Frequent Flyer: Website; Reservations in USA. Sun Country Adding and Growing 18 Routes; Midwest's Hometown Airline Alcoholic drinks, snacks and snack boxes are not free but passengers can buy these onboard. [3] As Sun Country's passenger model is heavily leisure focused, this deal is designed to help stabilize revenues during non-peak seasons. Thus, stock-based compensation expense varies for reasons that are generally unrelated to operational decisions and performance in any particular period. This includes the associated lease termination costs, write-off of previously capitalized maintenance deposits, and the write-off of over-market liabilities. How we use your information depends on the product and service that you use and your relationship with us. Abortion access groups who received a windfall of donations following the Supreme Court's overturning of Roe v. Wade one year ago say those emergency grants have ended and individual and foundation giving has dropped off. Sun Country, Sun Country Airlines, Sun Country Vacations, Sun Country Connections, the Compass logo, Sun Country Rewards, Flitebites, and Minnesotas Hometown Airline are trademarks of Sun Country, Inc. d/b/a Sun Country Airlines. We are making strong progress in expanding our training pipeline to accommodate our growth and we anticipate seeing the benefits later this year. The Companys compensation strategy includes the use of stock-based compensation to attract and retain employees and executives and is principally aimed at aligning their interests with those of our stockholders and at long-term employee retention, rather than to motivate or reward operational performance for any particular period. 651-900-8400 In the second quarter of 2022, the Companys charter service revenue was $43 million, an increase of 3% versus second quarter 2019. Sun Country Airlines currently does not offer WIFI on any of its flights. Demand continues to be at some of the strongest levels that we have seen, said Dave Davis, President and Chief Financial Officer. Sun Country Airlines is a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic scheduled service, charter, and cargo businesses. If you are worried about running out of batteries, most seats on Sun Country Airlines have USB charging ports and some seats have AC power outlets. Accordingly, you are cautioned not to place undue reliance on this information. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. The presented non-GAAP measures have limitations as analytic tools, such as: these measures do not reflect the impact of certain cash charges resulting from matters we consider not to be indicative of our ongoing operations and other companies in our industry may calculate these measures differently than we do, limiting each measures usefulness as a comparative measure. For international airports, check-in closes one hour before departure. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. Yes, Sun Country Airlines operates a handful of red eye flights within the US and usually originating from or flying to Minneapolis. Sun Country Airlines offer a number of snacks and drinks that you can purchase during your flight. MINNEAPOLIS, Aug. 08, 2022 (GLOBE NEWSWIRE) -- Sun Country Airlines Holdings, Inc. (Sun Country Airlines, Sun Country, the Company) (NASDAQ: SNCY) today reported financial results for its second quarter ended June30, 2022. Adjusted CASM is a non-GAAP measure derived from CASM by excluding fuel costs, Special Items described above, non-cash management stock compensation expenses, costs allocated to its cargo operations (starting in 2020 when the Company launched cargo operations), certain commissions and other costs of selling its vacations product from this measure. We have domestic, international and US 800 phone numbers. Yes, Sun Country Airlines charges extra if you want a carry-on bag for your flight. Minneapolis/St. Based in Minnesota, we focus on serving leisure and visiting friends and relatives ("VFR") passengers and charter customers and providing cargo CMI services, with . The carry-on bag should be no more than 24 inches in length, 16 inches in width, and 11 inches in height. The personal item must measure no more than 43 x 33 x 23 cm (17 x 13 x 9 in), and be able to stow under the seat. The airline additionally provides charter service for the United States Armed Forces[39] and NCAA football teams. Sun Country Airlines offers in-flight entertainment via your personal electronic devices. [37][38] Many Sun Country destinations are seasonally served as demand grows and falls throughout the year.