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Stock impact report

Does Sun Country Airlines (SNCY) Benefit From The Air Travel Boom? [Yahoo! Finance Canada]

Sun Country Airlines Holdings, Inc. (SNCY) 
The aviation sector wasn't short of optimism heading into the new year as air travel demand reached pre-covid highs and the holiday season showed promise. That optimism is now turning into reality as Delta Airlines announced its Q4 earnings result and surprised to the upside. The announcement has spurred a rally across airline stocks as expectations of other companies posting an earnings beat rise. Delta reported improved operating margins of 12% vs 9.9% from a year ago. It improved the revenue per available seat mile from $0.1995 a year ago to $0.2004 in the last quarter. All of its international regions showed sequential improvement as revenue generated from international passengers grew at 6%. The company has also improved its guidance for the first quarter to $0.85 at the midpoint to the prior $0.76. We now look at how this may affect other stocks across the industry. A landscape view of a passenger and cargo airplane taking off from the airport runway. Sun Country Airlin Show less Read more
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