Sun Country Airlines (SNCY) Q4 2025 Earnings
Reported Feb 5, 2026 at 4:10 PM ET · SEC Source
Q4 25 EPS
$0.17
BEAT +29.47%
Est. $0.13
Q4 25 Revenue
$281.0M
BEAT +2.82%
Est. $273.3M
vs S&P Since Q4 25
-23.5%
TRAILING MARKET
SNCY -16.6% vs S&P +6.9%
Full Year 2025 Results
FY 25 EPS
$1.10
FY 25 Revenue
$1.13B
Market Reaction
Did SNCY Beat Earnings? Q4 2025 Results
Sun Country Airlines closed out Q4 2025 on a decidedly mixed but ultimately encouraging note, posting adjusted diluted EPS of $0.17 against a consensus estimate of $0.13, a 29.47% beat, while revenue of $280.96 million edged past expectations by 2.82… Read more Sun Country Airlines closed out Q4 2025 on a decidedly mixed but ultimately encouraging note, posting adjusted diluted EPS of $0.17 against a consensus estimate of $0.13, a 29.47% beat, while revenue of $280.96 million edged past expectations by 2.82% and grew 7.9% year-over-year. The headline numbers, however, obscure a quarter defined by deliberate strategic trade-offs: the airline aggressively expanded its cargo fleet from 12 to 20 aircraft during 2025, a shift that required pulling back scheduled service capacity by 9.8% and pulling forward heavy maintenance events into Q4, compressing operating income margin to 6.5% from 10.0% a year ago. Cargo revenue surged 67.9% to $48.05 million, validating the pivot even as higher maintenance, labor, and operating costs drove total expenses up 12.1%. With the company now in the arms of a pending merger with Allegiant Travel, expected to close in the second half of 2026, Sun Country has stopped providing quarterly guidance, though management signaled that Q1 2026 demand trends remain solid and scheduled service growth is planned for later in the year.
Key Takeaways
- • Cargo fleet expansion from 12 to 20 aircraft drove 67.9% cargo revenue growth and 50.6% cargo block hour growth
- • Scheduled service TRASM increased 8.9% YoY on strong demand and 9.8% ASM reduction
- • Charter revenue grew 18.0% with 64% of charter block hours under long-term contracts
- • Average base fare per passenger increased 6.2% and ancillary revenue per passenger increased 3.8%
- • Scheduled service load factor improved 2.8 percentage points to 84.4%
- • Fuel cost per gallon increased 3.6% YoY
SNCY Forward Guidance & Outlook
Sun Country will no longer provide quarterly guidance due to the pending merger with Allegiant. However, management noted that first quarter 2026 demand trends remain strong and the company will be growing back its scheduled service business later in 2026. Two new cargo aircraft are expected to be operational in early Q3 2026, and a new operational base at Cincinnati/Northern Kentucky International Airport is planned for early 2026. The Allegiant merger is expected to close in the second half of 2026, subject to regulatory approvals and shareholder votes.
SNCY YoY Financials
Q4 2025 vs Q4 2024, source: SEC Filings
SNCY Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm proud to report our 14th consecutive profitable quarter and fifth consecutive year of profitability. 2025 was a transformative and successful year for Sun Country. We expanded our cargo fleet by eight aircraft to strengthen our cargo business. This strategic growth required deliberate capacity adjustments in our scheduled service network, and despite this complexity, we delivered margins that are among the highest in the industry. This achievement reflects the exceptional dedication and effort of our team. Recently, we announced our transformative merger with Allegiant, and we are looking forward to capitalizing on our promise of our combined airline for our customers, employees, and shareholders alike. We continue to focus on executing a safe, reliable profitable airline.”
— Jude Bricker, Q4 2025 Earnings Press Release
SNCY Earnings Trends
SNCY vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
SNCY EPS Trend
Earnings per share: estimate vs actual
SNCY Revenue Trend
Quarterly revenue: estimate vs actual
SNCY Quarterly Results
4 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q4 25 BEAT FY | $0.13 | $0.17 | +29.47% | $281.0M | +2.82% |
| FY Full Year | — | $1.10 | — | $1.13B | — |
| Q3 25 BEAT | $0.06 | $0.07 | +8.36% | $255.5M | -0.09% |
| Q2 25 BEAT | $0.11 | $0.14 | +22.70% | $263.6M | +3.04% |
| Q1 25 BEAT | $0.70 | $0.72 | +3.31% | $326.6M | -0.09% |