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Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), currently valued at $610 million with a P/E ratio of 11.3x, announced the outcomes of its annual meeting held on June 11, 2025. According to InvestingPro analysis, the airline maintains a "GOOD" overall financial health score and is currently trading below its Fair Value. The meeting covered the reelection of three Class I directors, the approval of executive compensation, and the ratification of the company’s independent accounting firm.
The stockholders reelected Thomas C. Kennedy, Gail Peterson, and Jennifer Vogel as Class I directors for a three-year term expiring at the 2028 annual meeting. Kennedy received 44,086,446 votes for and 2,539,803 withheld, Peterson had 31,783,247 votes for and 14,843,002 withheld, and Vogel garnered 43,647,547 votes for with 2,978,702 withheld. There were also 3,100,554 broker non-votes for each nominee. The company’s strong governance structure oversees operations that generated $1.1 billion in revenue over the last twelve months, with a healthy gross profit margin of 31.6%.
Additionally, the compensation of the company’s named executive officers was approved on a non-binding, advisory basis, with 45,107,066 votes for, 1,256,178 against, and 263,005 abstentions, accompanied by 3,100,554 broker non-votes.
Lastly, the appointment of KPMG LLP as the company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified with 49,477,260 votes for, 234,515 against, and 15,028 abstentions.
The results reflect the shareholders’ support for the board’s direction and the company’s executive compensation practices. The ratification of KPMG LLP indicates continued confidence in the firm’s role as the company’s auditor. For deeper insights into Sun Country Airlines’ financial health and valuation metrics, including 7 additional exclusive ProTips and comprehensive analysis, visit InvestingPro, where you’ll find detailed research reports covering 1,400+ US stocks.
This information is based on a press release statement from Sun Country Airlines Holdings, Inc. filed with the Securities and Exchange Commission.
In other recent news, Sun Country Airlines Holdings Inc. reported its first-quarter 2025 earnings, surpassing analysts’ expectations with an earnings per share (EPS) of $0.72, slightly above the forecast of $0.7108. Total (EPA:TTEF) revenue for the quarter reached $326.6 million, which was slightly below the anticipated $330.02 million. The company’s operating margin stood at 17.2%, with an adjusted margin of 18.3%, showcasing strong operational efficiency. Sun Country Airlines announced strategic initiatives, including the expansion of its cargo fleet and a new credit card partnership, which are expected to enhance future revenue streams. The company has projected its second-quarter 2025 revenue to be between $250 million and $260 million, with an operating margin of 4-7%. Analysts from firms like Evercore ISI noted the company’s strategic flexibility and resilience, particularly in its ability to adapt to changing market demands. Sun Country Airlines also highlighted its plan to double cargo revenue by September 2025, driven by the induction of additional freighter aircraft. The company continues to leverage its diversified business model to maintain consistent profitability in a competitive industry.
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