How Africa's Leading National Airline Broke A Decade-Long Unprofitable Streak [Forbes]
Sun Country Airlines Holdings, Inc. (SNCY)
Company Research
Source: Forbes
Kenya Airways is part of SkyTeam aviation alliance. (Photo by Nicolas Economou/NurPhoto via Getty Images) Kenya Airways, one of Africa's largest airlines, posted a half-year profit for the first time in eleven years, breaking a losing streak that pushed the debt-burdened carrier to the brink of bankruptcy. Two factors have driven its return to profitability: the rebound of Kenya's national currency, the shilling, and the Kenyan government's takeover of the airline's loan obligations. Between January and June this year, Kenya Airways made a profit after tax of $4 million (513 million Kenyan shillings), recovering from a loss of $168 million recorded over the same period in 2023. This amount marks the airline's first half-year earnings since 2013, when it recorded an after-tax profit of $3 million. Over the same period, revenue has increased by 68%, reaching a record $710 million in the first six months of 2024. "The impressive performance reaffirms the operational viability of ou
Show less
Read more
Impact Snapshot
Event Time:
SNCY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
SNCY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
SNCY alerts
High impacting Sun Country Airlines Holdings, Inc. news events
Weekly update
A roundup of the hottest topics
SNCY
News
- PORT AUTHORITY AND JFK MILLENNIUM PARTNERS ANNOUNCE THE INSTALLATION OF A NEW ART EXHIBIT BY RENOWNED BROOKLYN ARTIST RON BASS AT JOHN F. KENNEDY INTERNATIONAL AIRPORT'S TERMINAL 7 [Yahoo! Finance]Yahoo! Finance
- Sun Country Airlines Will Participate at the Morgan Stanley 12th Annual Laguna Conference [Yahoo! Finance Canada]Yahoo! Finance Canada
- Sun Country Airlines Will Participate at the Morgan Stanley 12th Annual Laguna ConferenceGlobeNewswire
- Slowing Rates Of Return At Sun Country Airlines Holdings (NASDAQ:SNCY) Leave Little Room For Excitement [Yahoo! Finance]Yahoo! Finance
- Sun Country Airlines Holdings, Inc. (SNCY): A Good Airline Stock To Buy According To Short Sellers [Yahoo! Finance]Yahoo! Finance
SNCY
Earnings
- 8/1/24 - Beat
SNCY
Sec Filings
- 9/13/24 - Form 4
- 9/12/24 - Form 144
- 9/9/24 - Form 4
- SNCY's page on the SEC website