I just started a very small position today with the stock being down around 9% today and at an all-time low price of around $9.00. That is obviously not a great technical set up in the near term.
To my eye, the financials seem decent. Revenue has been increasing year over year, and the company remains profitable. Obviously economic conditions are sketchy at best and could change very fast, but compared to some other regional airlines, Sun Country is doing relatively well.
Anecdotally, I live in Minnesota and have flown Sun Country many times to multiple different destinations. For a "budget" airline, they are very reliable, and I have never had any issues.
I don't view airlines as long-term investments but averaging into this stock until it hits $12-$13 (40ish% upside). Airline mergers are never easy and encounter a lot of regulatory scrutiny, but a $15-$20 acquisition price doesn't seem unreasonable either.
What are other people's thoughts on this regional airline stock?