1842 ET - Sun Country Airlines, which has previously noted its cargo growth and industry overcapacity for passenger air travel, says its diversification helped in 1Q. Cargo and charter growth were robust while scheduled service revenue was lower than expected. Adjusted earnings per share rose to 72 cents from 66 cents, while revenue was up 4.9%, to $326.6 million. Cargo revenue was $28 million, up 18%. "We had been proactively re-sizing our scheduled service business to grow our cargo business at improved economics even before we saw close-in demand weakness in February," Sun Country says. It plans to add five more cargo aircraft by the end of 3Q, increasing its total to 20. Scheduled service available seat miles are expected to decline in 2Q by about 7% to allow for planned cargo growth. (josh.beckerman@wsj.com)
(END) Dow Jones Newswires
May 01, 2025 18:42 ET (22:42 GMT)
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