Sun Country Airlines is preparing for a late June deployment of two new freighter aircraft provided by Amazon to increase air capacity in its domestic logistics network.
Sun Country Airlines generated record cargo revenue last quarter as its Amazon flying business took off.
Amazon will maintain, and grow, its cargo business with Sun Country Airlines even after the airline merges with Allegiant.
Both airlines’ price targets were raised to $20/share.
Sun Country Airlines plans to scrap one of its Boeing 737-800 airliners to save money on parts.
Amazon contract carrier Sun Country Airlines says finding parts is slightly slowing deployment of new Amazon freighter aircraft.
Sun Country Airlines expects robust growth in cargo revenue as it begins to receive eight more 737 freighter aircraft for its Amazon flying business.
Amazon Air is looking to make money from its in-house cargo airline by renting out aircraft, including those operated by Sun Country Airlines, to shippers.
Sun Country Airlines expects to double its cargo revenue once a revised transportation contract with Amazon is fully implemented in 2026.
Sun Country Airline will see improved economics from its amended contract for outsourced air transportation to Amazon, executives said.
Sun Country Airlines will operate 20 freighter aircraft for Amazon by late 2025 after the retailer agreed to expand its partnership with the passenger and charter airline.
Sun Country Airlines had a strong quarter for cargo thanks to growth in its Amazon business.
Sun Country is bucking the trend of express carriers flying fewer hours because of slow shipping volumes. Its Amazon fleet is busy as ever.
Maintenance downtime at Sun Country cut into cargo revenue and growth was limited by slower Amazon e-commerce business.
Cargo revenues from Sun Country Airlines’ Amazon business were flat in the third quarter.
