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MINNEAPOLIS—Gregory A. Mays, the Chief Operating Officer and Executive Vice President of Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), recently sold shares of the airline company. The stock, which InvestingPro analysis shows is currently undervalued, has declined about 8% over the past week. According to a filing with the Securities and Exchange Commission, Mays sold 1,319 shares of common stock on April 1, 2025, at a price of $12.0292 per share. The total value of the transaction amounted to $15,866.
This transaction was conducted to cover tax withholding obligations related to the vesting of restricted stock units, as noted in the filing. Following this sale, Mays holds 87,837 shares directly.
Sun Country Airlines, headquartered in Minneapolis, operates as a low-cost airline, providing scheduled passenger service and charter flights. The company generated over $1 billion in revenue last year and maintains a healthy profit margin of nearly 32%.
In other recent news, Sun Country Airlines Holdings, Inc. reported its fourth-quarter and full-year 2024 earnings, showcasing record revenue figures and surpassing earnings per share expectations with an EPS of $0.20, exceeding the forecast of $0.1888. The airline achieved a total revenue of $260.4 million for Q4, marking a 6.1% year-over-year increase. Additionally, Sun Country Airlines reached its highest annual revenue on record at $1.08 billion and reported a 10th consecutive quarter of profitability. In another development, Sun Country Airlines completed a secondary public offering and concurrent share repurchase, finalizing the sale of 6,346,105 shares of common stock, with the company repurchasing 630,914 shares using cash on hand. This move effectively terminated Apollo’s governance rights under previous agreements. Furthermore, Sun Country Airlines entered into a significant agreement with Synchrony Bank to launch a co-branded credit card program, set to begin in the fourth quarter of 2025. Lastly, the company disclosed a revised financial and operational outlook, encouraging investors to review the Investor Update for detailed insights.
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