In a standing mixer, combine the sugar, milk, oil, eggs, vanilla and almond extract- Mix until combined
In a medium, combine the flour, baking powder and salt
Use a whisk to mix the dry ingredients
Gradually add the dry ingredients into the wet ingredients and mix until combined
Using a rubber spatula, fold in the sliced cherries
Pour the batter into the loaf pan and bake for 55-60 minutes or until a tooth pick comes out clean
Once baked set loaf on a wire rack to cool for 20 minutes before removing the loaf from the pan