Sun Country Airlines Shares Surge On Amazon Agreement Extension

Jun 20, 2024 · Zinger Key Points. Sun Country Airlines' extension of its agreement with Amazon to 2030; he airline will provide a business and second-quarter update on June 21, 2024.

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Sun Country Airlines Will Operate 8 Additional Boeing 737-800 ...

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Jun 21, 2024 · Sun Country Airlines extended partnership with Amazon until 2037, growing fleet of aircraft to 20. Revenue hit all-time high of $894 million in 2022, thanks to strong execution of …

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Sun Country Extends Cargo Deal With Amazon Through 2030 - Star …

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Jun 20, 2024 · Sun Country’s cargo revenue, which consists solely of flying cargo aircraft under its agreement with Amazon, generated $99.7 million in 2023, up 10.4% compared to 2022.

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Amazon Flying To Generate 20% Of Sun Country Airlines’ Revenue

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Aug 2, 2024 · Cargo revenue at Sun Country Airlines inched up in the second quarter despite reduced flight activity on behalf of Amazon, but is expected to jump one year from now when …

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Sun Country Airlines Resumed With A Neutral At Goldman Sachs

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2 days ago · Goldman Sachs analyst Catherine O’Brien resumed coverage of Sun Country Airlines (SNCY) with a Neutral rating and $17 price target The firm expects continued margin …

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FAQs about Sun Country Airlines Shares Surge On Amazon Agreement Extension Coupon?

Will revised Amazon deal boost Sun Country airline's cargo profits?

The post Revised Amazon deal to boost Sun Country’s cargo profits appeared first on FreightWaves. Sun Country Airline will see improved economics from its amended contract for outsourced air transportation to Amazon, executives said. The post Revised Amazon deal to boost Sun Country’s cargo profits appeared first on FreightWaves. ...

Why did Sun Country suspend service to some markets next year?

As previously announced, the airline will temporarily suspend service to some markets next year so pilots and other resources can focus on ramping up the Amazon cargo service. Sun Country said overall revenue fell 2.6% to $254 million during the quarter. ...

When will Amazon's Sun Country aircraft be delivered?

The aircraft, which Amazon (NASDAQ: AMZN) is transferring from Atlas Air’s air operating certificate to Sun Country’s, will be delivered between the first and third quarters next year. ...

When will Sun Country's cargo segment become more profitable?

“Sun Country’s cargo segment will become a larger portion of our business starting in mid-2025. By 2026, we expect revenue from our cargo segment to be almost 20% of our total revenue, versus approximately 10% in 2024. ...

Does Sun Country have a cargo jet fleet?

Sun Country has operated a dozen Amazon-supplied Boeing narrowbody cargo jets since 2020. The revised contract for crews, maintenance and insurance to operate the eight additional cargo jets was also extended through 2030 and gives Sun Country better rates, in addition to increasing its freighter fleet to 20 aircraft. ...

Will Sun Country make a profit from 737-800 freighters?

Minneapolis-based Sun Country, which has operated a dozen 737-800 freighters for Amazon for four years, will earn profit margins on par with its passenger business once all the aircraft join the fleet after negotiating improved terms, Chief Financial Officer Dave Davis said on a briefing call with equity analysts. ...