Sun Country Airlines Holdings, Inc. (SNCY) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Medium Risk
Moderate dilution risk
Last updated: October 30, 2025

Risk Assessment Details

Potential Dilution: 35.02% of current shares
Recent Dilution: 1.24% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
53M
Potential Supply
19M
Additional shares possible
Splits
None
Past 2 years

Summary

SNCY currently has 53M outstanding shares. with moderate dilution risk from 18.6M authorized shares representing 35.0% potential dilution. The company has minimally diluted shareholders by 1.24% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
Oct 30, 2025

10-Q filing | 53.0M shares outstanding

53M 19M
Aug 01, 2025

10-Q filing | 53.2M shares outstanding

53M 19M
May 02, 2025

10-Q filing | 53.3M shares outstanding

53M 19M
Feb 12, 2025

10-K filing | 52.9M shares outstanding

53M 19M
Oct 30, 2024

10-Q filing | 52.9M shares outstanding

53M 19M
Aug 02, 2024

10-Q filing | 52.7M shares outstanding

53M 19M
May 07, 2024

10-Q filing | 53.0M shares outstanding

53M 19M
Feb 14, 2024

10-K filing | 55.5M shares outstanding

56M 19M
Dec 14, 2023

8-K filing: Sun Country Airlines Holdings, Inc. completed a secondary public offering of 4,000,000 shares of common stock sold by a Selling Stockholder on December 14, 2023, and concurrently repurchased 312,500 shares from the underwriters.

55M 19M
Nov 07, 2023

10-Q filing | 55.4M shares outstanding

55M 19M
Aug 04, 2023

10-Q filing | 56.1M shares outstanding

56M 19M
Apr 28, 2023

10-Q filing | 56.6M shares outstanding

57M 19M
Feb 22, 2023

8-K filing: Sun Country Airlines Holdings, Inc. completed a secondary public offering of 5,250,000 shares of common stock by a Selling Stockholder on February 21, 2023, and concurrently repurchased 750,000 shares from the underwriter.

58M 19M
Feb 15, 2023

10-K filing | 58.0M shares outstanding

58M 53M
Dec 27, 2022

S-3 filing: The filing is an S-3 registration statement for Sun Country Airlines Holdings, Inc. covering the potential sale of up to 34,352,603 shares of common stock by selling stockholders.

58M 53M
Nov 02, 2022

10-Q filing | 58.1M shares outstanding

58M 19M
Aug 10, 2022

10-Q filing | 58.1M shares outstanding

58M 19M
May 06, 2022

10-Q filing | 57.9M shares outstanding

58M 19M
Feb 18, 2022

10-K filing | 59.3M shares outstanding

59M 19M
Nov 16, 2021

8-K filing: Underwriters partially exercised their option to purchase an additional 435,291 shares of Sun Country Airlines Holdings, Inc.'s common stock from the Selling Stockholders, which purchase closed on November 16, 2021.

57M 19M
Nov 01, 2021

10-Q filing | 57.4M shares outstanding

57M 19M
Oct 19, 2021

8-K filing: On October 19, 2021, the Selling Stockholders closed the offering of 8,500,000 shares of the Company's common stock at a price of $32.50 per share.

58M 19M
Oct 12, 2021

S-1 filing: This S-1 filing describes a secondary offering of common stock by selling stockholders. The company will not receive any proceeds from the sale of these shares.

58M 19M
Jul 28, 2021

10-Q filing | 57.2M shares outstanding

57M 19M
Jun 01, 2021

8-K filing: Underwriters exercised in full the option to purchase an additional 1,087,500 shares of Sun Country Airlines Holdings, Inc.'s common stock from the Selling Stockholder, which purchase closed on June 1, 2021.

53M 19M
May 24, 2021

8-K filing: SCA Horus Holdings, LLC, an affiliate of Apollo Global Management, Inc., closed an offering of 7,250,000 shares of Sun Country Airlines Holdings, Inc. common stock at a price of $34.50 per share on May 24, 2021. The Company did not sell any shares in the offering.

53M 19M
May 17, 2021

S-1 filing: This is an S-1 filing that discusses the terms of common and preferred stock, as well as warrants to purchase common stock that were issued to Amazon.

53M 19M
May 06, 2021

10-Q filing | 52.5M shares outstanding

53M 9.1M
Mar 08, 2021

S-1/A filing: Initial public offering of shares of common stock of Sun Country Airlines Holdings, Inc.

N/A 9.1M
Feb 23, 2021

S-1/A filing: Initial public offering of common stock.

N/A 0
Feb 08, 2021

S-1 filing: Initial public offering of common stock for Sun Country Airlines Holdings, Inc.

N/A 0
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