SCHEDULE 13G/A: Apollo-Affiliated Entities Maintain 12% Stake in Sun Country Airlines

SCA Horus Holdings, LLC and affiliated entities, including directors Antoine Munfakh and Noah Falk, have reported a continued beneficial ownership of 12.0% in Sun Country Airlines Holdings, Inc. common stock.

Summary

• SCA Horus Holdings, LLC, AP VIII (SCA Stock AIV), LLC, Antoine Munfakh, and Noah Falk (collectively, the "Reporting Persons") have filed an Amendment No. 4 to Schedule 13G.
• The Reporting Persons collectively beneficially own 6,346,105 shares of Sun Country Airlines Holdings, Inc. Common Stock.
• This ownership represents 12.0% of the Issuer's outstanding Common Stock.
• The percentage is calculated based on 52,939,832 shares outstanding as of September 30, 2024, as reported in the Issuer's Quarterly Report on Form 10-Q filed on October 30, 2024.
• All Reporting Persons share voting and dispositive power over these 6,346,105 shares.
• The filing includes a standard disclaimer by the Reporting Persons regarding beneficial ownership for certain purposes.

Sentiment

Score: 6

Explanation: The document is a routine regulatory filing disclosing beneficial ownership. While the continued significant stake by a major investor could be seen as a positive signal, the filing itself is purely factual and does not contain performance or forward-looking statements that would significantly alter sentiment.

Positives

• The continued significant ownership stake of 12.0% by Apollo-affiliated entities may signal ongoing confidence in Sun Country Airlines' long-term prospects.
• The stability of a large institutional investor like Apollo maintaining a substantial position can provide a degree of market confidence.

Future Outlook

NA

Industry Context

This filing reflects the continued investment by Apollo-affiliated entities in the airline sector, specifically in Sun Country Airlines, a U.S. low-cost carrier. Such significant institutional holdings are common across the airline industry, indicating investor confidence or strategic positioning within the competitive landscape.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant ownership stake by Apollo-affiliated entities, which could influence perceptions of corporate control and stability.

Key Dates

Keywords

Sun Country Airlines, SCA Horus Holdings, Apollo, SEC filing, Schedule 13G, beneficial ownership, common stock, airline industry, investment