Ownership / Sun Country Airlines Holdings, Inc. | Tables in SEC filings

SNCY Sun Country Airlines Holdings, Inc.

Quarterly report

Three Months Ended September 30,	% Change
2024		2023			Operating Revenues:			Scheduled Service		$	83,784	$	96,483	(13)	%
Charter		50,769		47,437	7	%
Ancillary		73,211		70,435	4	%
Passenger		207,764		214,355	(3)	%
Cargo		29,165		26,059	12	%
Other		12,541		8,462	48	%
Total Operating Revenues		249,470		248,876	—	%
Operating Expenses:		Aircraft Fuel			54,737		61,179	(11)	%
Salaries, Wages, and Benefits		80,919		72,541	12	%
Aircraft Rent		—		22	(100)	%
Maintenance		15,973		15,330	4	%
Sales and Marketing		7,748		7,569	2	%
Depreciation and Amortization		23,754		22,762	4	%
Ground Handling		11,568		9,382	23	%
Landing Fees and Airport Rent		15,979		13,958	14	%
Other Operating, net		26,410		27,127	(3)	%
Total Operating Expenses		237,088		229,870	3	%
Operating Income		12,382		19,006	(35)	%
Non-operating Income (Expense):		Interest Income			1,659		2,480	(33)	%
Interest Expense		(11,049)		(11,403)	(3)	%
Other, net		12		(15)	NM
Total Non-operating Expense, net		(9,378)		(8,938)	5	%
Income Before Income Tax		3,004		10,068	(70)	%
Income Tax Expense		662		2,477	(73)	%
Net Income		$	2,342	$	7,591	(69)	%

Nine Months Ended September 30,	% Change
2024		2023			Total Aircraft Fuel Expense			$	187,229	$	185,829	1	%
Indirect Fuel Credits		1,290		827	56	%
Aircraft Fuel Expense, Excluding Indirect Fuel Credits		$	188,519	$	186,656	1	%
Fuel Gallons Consumed (thousands)		65,884		59,734	10	%
Fuel Cost per Gallon, Excluding Indirect Fuel Credits		$	2.86	$	3.12	(8)	%

Nine Months Ended September 30, 2024	Nine Months Ended September 30, 2023
Passenger		Cargo			Total	Passenger			Cargo			Total
Operating Revenues		$	736,774		$	78,560		$			815,334		$			729,640	$		74,437		$	804,077
Operating Expenses:		Aircraft Fuel			187,185	44			187,229			185,770			59		185,829
Salaries, Wages, and Benefits		190,413			52,103	242,516			171,080			52,810			223,890
Aircraft Rent		—			—	—			2,281			—			2,281
Maintenance		39,428			10,701	50,129			33,339			10,972			44,311
Sales and Marketing		26,819			—	26,819			26,005			—			26,005
Depreciation and Amortization		71,179			15	71,194			64,527			50			64,577
Ground Handling		32,076			14	32,090			28,299			—			28,299
Landing Fees and Airport Rent		43,980			451	44,431			36,545			302			36,847
Other Operating, net		65,929			15,074	81,003			66,813			14,850			81,663
Total Operating Expenses		657,009			78,402	735,411			614,659			79,043			693,702
Operating Income (Loss)		$	79,765		$	158		$			79,923		$			114,981	$		(4,606)		$	110,375
Operating Margin %		10.8		%	0.2	%	9.8			%	15.8			%	(6.2)		%	13.7		%

Three Months Ended September 30,	Nine Months Ended September 30,
2024		2023	2024			2023
Adjusted Net Income Reconciliation:		Net Income	$	2,342	$	7,591	$	39,467	$	66,536	Stock Compensation Expense	1,490	1,039	4,574	8,132	Secondary offering costs	—	—	—	640	TRA adjustment (1)	—	—	—	(357)	Income tax effect of adjusting items, net (2)	(343)	(239)	(1,052)	(2,018)	Adjusted Net Income	$	3,489	$	8,391	$	42,989	$	72,933

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