Preheat the oven to 350F
Spray your loaf pan with pan spray and set aside
Using a mixer, combine the sugar, milk, oil, eggs, vanilla and almond extract- Mix until combined
In a medium bowl, 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
Directions for Glaze
In a small or medium bowl, combine all ingredients and mix until smooth
Pour glaze over loaf and let glaze harden slightly before cutting