Nucor earnings beat by $0.08, revenue fell short of estimates
MINNEAPOLIS— Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), a regional carrier with a market capitalization of $595 million, saw its Chief Executive Officer Jude Bricker recently sell 2,172 shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The shares were sold at an average price of $12.0177 each, amounting to a total transaction value of $26,102. The stock, currently trading at $11.28, has declined 8% over the past week, though InvestingPro analysis suggests it remains undervalued.
This sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Following the transaction, Bricker retains ownership of 127,589 shares in the airline.
The transaction was not a discretionary trade but rather a mandated "sell to cover" transaction to meet tax obligations.
In other recent news, Sun Country Airlines Holdings Inc. reported record revenue for the fourth quarter and full-year 2024, with total revenue reaching $1.08 billion, marking its highest annual revenue ever. The airline also surpassed earnings per share expectations, posting an EPS of $0.20 against a forecast of $0.1888. Sun Country Airlines continues to demonstrate strong financial performance with its 10th consecutive quarter of profitability and a record operating margin of 10.6% for the fourth quarter.
Additionally, Sun Country Airlines has entered into a co-branded credit card agreement with Synchrony Bank, aiming to launch the program in the fourth quarter of 2025. This strategic move is part of the airline’s efforts to enhance its financial services. In another significant development, Sun Country completed a secondary public offering and share repurchase, acquiring 630,914 shares, which effectively ended Apollo Global Management (NYSE:APO)’s governance rights with the airline.
Furthermore, the airline updated its financial outlook, providing investors with the latest data and insights through an Investor Update filed with the SEC. Sun Country Airlines’ strategic growth plans include expanding its cargo fleet, particularly through its agreement with Amazon (NASDAQ:AMZN), which is expected to drive significant revenue increases. As these developments unfold, Sun Country Airlines aims to keep stakeholders informed of its strategic direction and financial health.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.