Sun Country Airlines Sees Q3 Revenue $245M-$255M Vs $260.22M Est.
Portfolio Pulse from Benzinga Newsdesk
Sun Country Airlines has provided guidance for Q3 2024, expecting revenue between $245M and $255M, which is below the estimated $260.22M. The company also anticipates a decrease in economic fuel cost per gallon and a lower operating income margin.
August 01, 2024 | 9:04 pm
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Sun Country Airlines has provided guidance for Q3 2024, expecting revenue between $245M and $255M, which is below the estimated $260.22M. The company also anticipates a decrease in economic fuel cost per gallon and a lower operating income margin.
The revenue guidance for Q3 2024 is below market expectations, which is likely to negatively impact the stock price in the short term. Additionally, the lower operating income margin and economic fuel cost per gallon indicate potential challenges in profitability.
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