Sun Country Airlines Sees Modest Revenue Increase and Sharp Net Income Decline in Fiscal Q3 2024

Sun Country Airlines Holdings posted its financial results for the third quarter of fiscal 2024, showing a modest 0.2% increase in total operating revenue, totaling $249.5 million. Despite this slight revenue growth, the airline saw a sharp 69.1% decline in net income, ending the quarter with $2.3 million in profits. This decline in net income reflects mounting pressures from increased operating costs and competitive dynamics in the U.S. aviation market. The airline’s liquidity position remains stable, with total liquidity reported at $165 million, providing Sun Country with a buffer for ongoing operational and strategic investments.