Sun Country Airlines (SNCY) Q4 2025 earnings summary

Executive summary

• Achieved 14th consecutive profitable quarter and fifth consecutive year of profitability, with record Q4 and full-year revenues for 2025.

• Expanded cargo fleet by eight aircraft, requiring capacity adjustments in scheduled service.

• Announced a definitive merger agreement with Allegiant, expected to close in the second half of 2026.

Financial highlights

• Q4 2025 revenue reached $281.0M, up 7.9% year-over-year, with GAAP diluted EPS of $0.15 and adjusted EPS of $0.17.

• FY 2025 revenue was $1.13B, up 4.7% year-over-year, with GAAP diluted EPS of $0.96 and adjusted EPS of $1.10.

• Q4 net income was $8.1M, down 39.4% year-over-year; adjusted net income was $9.2M.

• FY net income was $52.8M, nearly flat year-over-year; adjusted net income was $60.5M.

• Q4 operating income margin was 6.5%; adjusted margin was 7.0%.

Outlook and guidance

• Strong demand trends expected to continue into Q1 2026, with plans to grow scheduled service later in the year.

• No further quarterly guidance will be provided due to the pending merger.