Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) Q4 2022 Results Earnings Conference Call February 3, 2023 8:30 AM ET

Company Participants

Chris Allen - Head Of Investor Relations

Jude Bricker - Chief Executive Officer

Dave Davis - President and Chief Financial Officer

Conference Call Participants

Ravi Shanker - Morgan Stanley

Duane Pfennigwerth - Evercore ISI

Catherine O'Brien - Goldman Sachs

Helane Becker - Cowen and Company

Michael Linenberg - Deutsche Bank

Scott Group - Wolfe Research

Brandon Oglenski - Barclays Capital

Christopher Stathoulopoulos - Susquehanna International Group

Operator

Welcome to the Sun Country Airlines Fourth Quarter and Full Year 2022 Earnings Call. My name is Chris, and I will be your operator for today's call. At this time, all participants are in a listen-only mode. After the speakers' presentation, there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.

And I will now turn the call over to Chris Allen, Director of Investor Relations. Mr. Allen, you may begin.

Chris Allen

Thank you. I'm joined today by Jude Bricker, our Chief Executive Officer, and Dave Davis, President and Chief Financial Officer, and a group of others help answer questions.

Before we begin, I'd like to remind everyone that, during this call, the company may make certain statements that constitute forward-looking statements. Our remarks today may include forward-looking statements which are based on management's current beliefs, expectations and assumptions and are subject to risks and uncertainties.

Actual results may differ materially. We encourage you to review the risk factors and cautionary statements outlined in our earnings release on our most recent SEC filings. We assume no obligation to update any forward-looking statements.

You can find our fourth quarter and full-year earnings press release on the Investor Relations portion of our website at ir.suncountry.com.

With that said, I'd like to now turn the call over to Jude.

Jude Bricker

Thanks, Chris. Good morning to everybody. To review our multi-segment business is unique in the airline industry. Due to the predictability of our charter and cargo businesses, we were able to deliver the most flexible scheduled service capacity in the industry.

The combination of our schedule, flexibility and low cost model allow us to respond to both predictable leisure demand fluctuations and exogenous industry shocks. We believe due to these structural advantages, we'll be able to reliably deliver industry-leading profitability throughout all cycles.

And execution of our multi-segment business is critical that we're able to deliver industry leading operational performance. I'm especially proud that, in 2022, Sun Country delivered the industry's best completion factor. During the challenging December period, we delivered 99.6 completion factor, also best in the industry. So proud of our whole team that continues to come through for our customers every day.