Sun Country Airlines, a US-based airline, has entered into a significant financial agreement by establishing a four-year $75 million Revolving Credit Facility. This strategic financial arrangement involves major financial institutions including UMB Bank from the US, MUFG Bank, and Sumitomo Mitsui Banking both from Japan, serving as the primary lenders.
Sun Country Airlines has slightly revised its Q1 2025 total revenue forecast, now estimating revenue between $325 million and $330 million. The updated projection reflects minor adjustments in market conditions, pricing trends, and passenger demand.
Sun Country Airlines has announced a secondary public offering of 6,346,105 shares of its common stock, sold by an affiliate of Apollo Global Management. This offering represents all remaining shares held by the selling stockholder, marking Apollo’s full exit from its investment in the airline.
Sun Country Airlines has extended lease return dates for three of its Boeing 737-900ER aircraft, adjusting its fleet strategy to optimize capacity management. The revised return dates for four leased aircraft are now scheduled as follows:
Sun Country Airlines has strengthened its financial position by raising $60 million through a new C-tranche appended to its 2019-1 Enhanced Equipment Trust Certificate (EETC). The airline used the full amount to pay down a significant portion of its term loan, which was financing five Boeing 737-900ER aircraft. This move reflects the airline’s strategy of optimizing its capital structure, reducing long-term debt obligations,…
Amazon (US) has begun a strategic reassignment of its fleet, with a B737-800BCF, serial 32608, moved from Atlas Air (US) to Sun Country Airlines (US) for CMI (Crew, Maintenance, and Insurance) operations. This marks the first of eight narrowbody aircraft set to leave the Atlas Air fleet in 2025, reflecting Amazon’s evolving logistics strategy.
Sun Country Airlines, a US-based ultra-low-cost carrier, has marked a significant milestone with the delivery of its first Boeing 737-900ER, identified by serial number 40069. The aircraft is powered by CFM56-7B26E engines, underscoring the airline’s commitment to enhancing efficiency and expanding its operational capacity.
Sun Country Airlines, a U.S.-based low-cost carrier, is in negotiations with Amazon to broaden their existing cargo partnership, potentially introducing special charter flights for Amazon’s dedicated customers. This expansion would enable Sun Country to operate exclusive cargo flights tailored to meet Amazon’s growing logistics needs, offering flexibility and custom solutions for Amazon’s high-priority shipments.
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…
