Top 20 Falling Stocks with Unusual Volume

7. Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY)

Sun Country Airlines Holdings, Inc. operates as an air carrier company. It provides air cargo, scheduled passenger, charter air transportation, and related services. The company generates revenue through its Cargo and Passenger segments. The firm also offers maintenance, insurance, and crew services. Its stock is down 14.53% in a week on a relative volume of 2.70.

Sun Country Airlines reported its latest quarter earnings recently. As per the results, revenue growth was recorded at 6.1% year-over-year. Key growth drivers were cargo services, revenues earned from lessee payments, and higher passenger numbers. During the quarter, the company benefited from a decline in fuel prices. With more focus on charter and cargo operations, the firm grew its operating income by 52.2%.

Based on the strong earnings, management guided for another promising quarter. Aided by 7% to 9% block hour growth, the company expects total revenue to be in a range of $330 million and $340 million for Q1 2025. Operating margin is anticipated between $330 million and $340 million. Scheduled service ASMs and Cargo operations are projected to grow. However, unit revenues are forecasted to remain stable YoY.

If all is good about the company, why is the SNCY stock falling on high volume? The answer lies in the state of the economy. If a recession were to hit, air travel would significantly drop. It is already on the downtrend, dropping for the last two months. Anyone looking to invest in the company will need to keep a close eye on the economy, as it is the public’s spending power that will determine if the company can achieve its guidance.