Pre-Tax Margin Outperformance
Unique, Diversified Business Model
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●
Passenger Leisure
(~72% of Revenue(¹))
Unique low cost airline with focus on leisure travel
Flexible capacity model focused on peak demand
Greater resilience and growth opportunities
than other passenger carriers
Aircraft
Standard fleet of 42 Boeing
737s that are used across
scheduled service and
charter; 12 737 Freighters
used for Cargo
1. Percentage of total revenue as of LTM Sep 30, 2023.
2. As of Sep 30, 2023
Sun Country Business Line Synergies
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●
3
@
0
Cargo
(-10% of Revenue (1))
Long-term asset-light contract with pass-through costs
High margins and cash flows
• Partnership with one of the fastest growing companies globally
Charter
(-18% of Revenue (¹))
• A leader in U.S. narrowbody charter
Contracted recurring revenue with pass-
through costs (including fuel)
• Large, stable customer base
Shared Foundational Assets
Pilots
618(2) Pilots that serve across
the entire set of assets
2
Approximately
1/3 of fuel usage
is paid for by
Charter and Cargo
customers
Shared Services
An already lean operation
supporting the entire set
of assets
Sun Country's symbiotic business lines share assets to maximize operating leverage
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