Sun Country reports record annual revenue for 2022

Sun Country Airlines reported fourth quarter (Q4) 2022 gains and a record annual revenue of almost $900 million, a more than 40% increase on 2021. A Q4 profit of $7.3 million and $17.7 million for the year was reported by thew carrier, which said Q4 revenue came to $227.2 million. Adjusted operating income was $15.9 million, a margin of just under 8%. The carrier said that as of the end of January 2023, a previously announced $25 million accelerated share repurchase (ASR) programme had been completed, with the company repurchasing approximately 1.4 million shares at an average price of $18.23,