Sun Country Airlines Holdings, Inc. (SNCY) saw its stock price soar 5.09% in intraday trading on Thursday, following the release of its third-quarter earnings report. The low-cost carrier met analyst expectations, reporting adjusted earnings of 7 cents per share for the quarter ended September 30, up from 6 cents in the same period last year.

The company's revenue also showed positive growth, rising 2.4% to $255.54 million, slightly surpassing the analyst consensus of $255.44 million. Sun Country Airlines reported a quarterly net income of $1.55 million, demonstrating its ability to maintain profitability in a challenging market environment.

Despite the upbeat market reaction to the earnings report, it's worth noting that Sun Country's stock had faced significant headwinds prior to this surge. The company's shares had fallen 10.2% over the quarter and lost 27.2% year-to-date. However, the positive earnings results seem to have reignited investor confidence. Wall Street maintains an overall bullish stance on SNCY, with the current average analyst rating at "buy" and a median 12-month price target of $15.50, representing a potential upside of about 31.5% from its last closing price.