SUN COUNTRY AIRLINES Reports Second Quarter Earnings Results for FY2023
August 14, 2023
🌥️Earnings Overview
SUN COUNTRY AIRLINES ($NASDAQ:SNCY) reported their FY2023 second quarter earnings results on June 30th 2023. This quarter showed total revenue of USD 261.1 million, with a 19.2% year-over-year rise. Net income also increased significantly to USD 20.6 million from -3.9 million in the same period of the prior year.
Stock Price
The stock opened at $21.0 and closed at $20.4, representing a 4.2% drop from its last closing price of $21.3. In light of this quarter’s results, SUN COUNTRY AIRLINES is on track to achieve strong financial performance in FY2023. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for SNCY. More…
| Total Revenues | Net Income | Net Margin |
| 1k | 76.91 | 7.7% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for SNCY. More…
| Operations | Investing | Financing |
| 186.08 | -318.37 | 9.53 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for SNCY. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 1.63k | 1.09k | 9.26 |
Key Ratios Snapshot
Some of the financial key ratios for SNCY are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.4% | -10.9% | 13.4% |
| FCF Margin | ROE | ROA |
| -5.6% | 16.1% | 5.1% |
Analysis
At GoodWhale we have conducted a detailed analysis of SUN COUNTRY AIRLINES’ fundamentals. According to our Star Chart, this company is classified as ‘cheetah’, meaning that it has achieved high revenue or earnings growth, but is considered less stable due to lower profitability. We believe that investors who are looking for growth opportunities may find SUN COUNTRY AIRLINES attractive. Specifically, the company is strong in growth, medium in asset, profitability and weak in dividend. Furthermore, our analysis found that SUN COUNTRY AIRLINES has an intermediate health score of 6/10 which suggests that it might be able to sustain future operations in times of crisis. More…
Peers
The competition among Sun Country Airlines Holdings Inc, VietJet Aviation JSC, Enter Air SA, and El AL Israel Airlines Ltd is fierce. All four companies are constantly trying to one-up each other in terms of prices, routes, and amenities. This competition is good for consumers, as it keeps prices low and quality high. It also forces each company to innovate and come up with new ways to attract and retain customers.
– VietJet Aviation JSC ($HOSE:VJC)
Air Enter SA has a market cap of $368.42 million as of 2022 and a return on equity of -1234.95%. The company is a provider of air transportation services. It offers scheduled and charter air transportation of passengers and cargo, as well as aircraft maintenance and training services.
– Enter Air SA ($LTS:0REF)
As of 2022, EL AL Israel Airlines Ltd had a market capitalization of 191.1 million and a return on equity of 24.45%. The company is an airline based in Israel, and it operates scheduled flights to dozens of destinations in Europe, Asia, Africa, and the Americas. EL AL is also a member of the Star Alliance, the world’s largest airline alliance.
Summary
Despite these impressive figures, the stock price moved down on the same day, likely due to investors expecting even higher numbers given the positive trend in the travel industry. Investors should assess the company’s fundamentals and outlook to determine whether this is an opportunity to buy or a sign of a potential longer-term problem.
Related Posts
Recent Posts
