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Sun Country Airlines Holdings Priced, Nasdaq: SNCY

American ultra-low-cost passenger and cargo airline.

Industry: Industrials

Latest Trade: $13.65 0.00 (0.0%)

First Day Return: +51.6%

Return from IPO: -43.1%

Industry: Industrials

Sun Country Airlines is a new breed of hybrid low-cost air carrier that dynamically deploys shared resources across our synergistic scheduled service, charter and cargo businesses. By doing so, we believe we are able to generate high growth, high margins and strong cash flows with greater resilience than other passenger airlines. We focus on serving leisure and visiting friends and relatives (“VFR”) passengers and charter customers and providing CMI service to Amazon, with flights throughout the United States and to destinations in Mexico, Central America and the Caribbean. Based in Minnesota, we operate an agile network that includes our scheduled service business and our synergistic charter and cargo businesses. We share resources, such as flight crews, across our scheduled service, charter and cargo business lines with the objective of generating higher returns and margins and mitigating the seasonality of our route network. We optimize capacity allocation by market, time of year, day of week and line of business by shifting flying to markets during periods of peak demand and away from markets during periods of low demand with far greater frequency than nearly all other large U.S. passenger airlines. We believe our flexible business model generates higher returns and margins while also providing greater resiliency to economic and industry downturns than a traditional scheduled service carrier.
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IPO Data
IPO File Date 02/08/2021
Offer Price $24.00
Price Range $21.00 - $23.00
Offer Shares (mm) 9.1
Deal Size ($mm) $218
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 03/16/2021
Offer Price $24.00
Price Range $21.00 - $23.00
Offer Shares (mm) 9.1
Deal Size ($mm) $218
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
Barclays
Morgan Stanley
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Company Data
Headquarters Minneapolis, MN, United States
Founded 1982
Employees 1,661
Website www.suncountry.com

Sun Country Airlines Holdings (SNCY) Performance