Sun Country Airlines, owned by Apollo Global Management, is planning to restart its push for an initial public offering (IPO) as soon as next year if travel demand returns.
Sun County CEO, Jude Bricker, stated yesterday that the airline has already recovered enough to turn in a profitable summer. The airline’s charter work for sports teams and casinos is returning to normality, and the company began cargo service in May for Amazon.com.
“We’re going to fly as many flights in October as we flew in February,” Bricker said in a Zoom interview from the annual International Aviation Forecast Summit in Cincinnati. “We’re in the sweet spot of everything that could be good about owning an airline right now but we need to see a recovery of airline traffic.”
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