Sun Country has a ‘great’ Q3, turning $14m profit

Sun Country Airlines benefited from rebounding leisure traffic during Q3 2021, ending the period with a small profit. The Minneapolis, Minnesota-headquartered low-cost carrier says on 1 November its profit for the quarter was $13.9m, on quarterly revenue of $174m. That is more than double last year’s $78m in revenue during the same three months that ended on 30 September, and marginally higher than in the same quarter in 2019. “We had a great third quarter,” says CE Jude Bricker. “We posted our highest adjusted operating margin, adjusted pre-tax margin and adjusted net income since the first quarter of 2019.” Sun Country’s available seat miles increased 7% over the previous quarter but remain 16% lower than in the third quarter of 2019, amid “unpredictability of the demand environment”. The airline conducts scheduled flights and has sizeable charter and cargo businesses.<br/>