Sun Country Airlines inks new credit card deal with Synchrony Bank

In a significant move for its financial services, Sun Country Airlines Holdings , Inc., a profitable airline with annual revenues exceeding $1 billion, has entered into a material definitive agreement with Synchrony Bank to launch a co-branded credit card program, as disclosed in a recent SEC filing. The Minneapolis-based airline, operating under the industrial classification of Air Transportation, Scheduled, confirmed the partnership on March 17, 2025. According to InvestingPro analysis, the company maintains a GOOD financial health score, suggesting strong operational fundamentals.

The contract, set to span seven years with automatic annual renewals post-term, outlines the creation and operation of a co-brand credit card program, expected to commence in the fourth quarter of 2025. This strategic alliance marks a notable development for Sun Country, as it seeks to enhance its customer offerings and financial instruments. Trading at a P/E ratio of 13, the company has demonstrated consistent profitability over the last twelve months.

The detailed terms of the agreement remain confidential, with certain sections redacted as per regulatory standards. However, the full text of the agreement, filed as Exhibit 10.1, is incorporated by reference into the filing, providing a resource for stakeholders seeking comprehensive information.

Sun Country Airlines Holdings, Inc., listed on The Nasdaq Stock Market under the ticker (NASDAQ:SNCY), is a Delaware corporation with its principal executive offices located at 2005 Cargo Road, Minneapolis, Minnesota.

This news is based on a press release statement filed with the SEC and reflects the company’s ongoing efforts to diversify and strengthen its financial partnerships. The implications of this new credit card program for Sun Country’s customers and its position in the market will become clearer as the launch date approaches later this year. Based on comprehensive InvestingPro analysis, Sun Country appears undervalued at current levels, with additional insights available in the detailed Pro Research Report, which provides deep-dive analysis of this and 1,400+ other US stocks.

In other recent news, Sun Country Airlines has reported its fourth-quarter and full-year 2024 earnings, showcasing record revenue figures. The airline achieved a total revenue of $260.4 million for the fourth quarter, marking a 6.1% increase year-over-year, though slightly below the forecasted $257.29 million. Sun Country Airlines also posted an earnings per share (EPS) of $0.20, surpassing the forecast of $0.1888. The company reached its highest annual revenue on record at $1.08 billion and maintained a 10th consecutive quarter of profitability, with operating margins hitting a record high of 10.6% for the fourth quarter.

Additionally, Sun Country Airlines has completed a secondary public offering and a concurrent share repurchase. The airline repurchased 630,914 shares from underwriters using cash on hand, following the sale of 6,346,105 shares by the Selling Stockholder, SCA Horus Holdings, LLC. This transaction concluded the governance rights of Apollo Global Management (NYSE:APO) funds with Sun Country.

In further developments, Sun Country Airlines has filed a revised financial and operational outlook through an Investor Update. Although specific details were not publicly disclosed, the company aims to provide investors with the latest financial data and operational insights. These recent developments highlight Sun Country Airlines’ efforts to navigate the complexities of the air transportation industry while maintaining transparency with investors.

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