Sun Country Airlines announces departure of chief revenue officer

Sun Country Airlines Holdings, Inc. (NASDAQ:SNCY) announced Friday that Grant Whitney, the company’s Senior Vice President and Chief Revenue Officer, has stepped down from his position and separated from employment with the company, effective Monday. The company stated that Whitney’s departure was not the result of any disagreement with Sun Country Airlines.

According to a statement based on a press release filed with the Securities and Exchange Commission, Whitney’s primary duties and responsibilities will be reassigned to other members of the company’s senior leadership team.

Under the terms of an employment letter dated July 1, 2023, Whitney will be eligible to receive separation benefits, which include continued payment of his annual base salary for a period of 12 months. The company also expects to provide medical and dental coverage for Whitney and his eligible dependents through COBRA for the 12-month period ending October 31, 2026. Sun Country Airlines will pay the portion of the COBRA premium that exceeds the amount Whitney paid for coverage while employed.

The company stated that Whitney’s receipt of these separation benefits is subject to his continued compliance with certain restrictive covenants outlined in his employment letter, as well as his execution and non-revocation of a release of claims. Sun Country Airlines expects to enter into a separation agreement and release of claims with Whitney to formalize the separation benefits.

The information is based on a press release statement included in the company’s filing with the SEC.

In other recent news, Sun Country Airlines Holdings , Inc. has taken significant steps to bolster its financial and leadership structure. The company announced a $108 million term loan facility agreement with UMB Bank, aimed at refinancing five Boeing 737-900 aircraft and repaying an existing loan. This move is expected to support general corporate purposes, with the aircraft scheduled to join the Sun Country fleet after their current leases expire. Additionally, Sun Country has appointed D. Torque Zubeck as its new Chief Financial Officer, effective September 2, 2025. Zubeck brings over 30 years of finance experience, including roles at Mesa Airlines and Alaska Airlines.

Furthermore, Wendy Schoppert has joined the Sun Country Board of Directors, bringing extensive experience from her roles at The ODP Corporation/Office Depot and other companies. In the realm of analyst ratings, TD Cowen has maintained its Buy rating on Sun Country Airlines, with a price target of $20. The firm cited Sun Country’s resilient business model and its advantageous position among low-cost carriers, noting that a significant portion of its revenue is derived from long-term contracts. These developments reflect the airline’s strategic efforts to strengthen its operational and financial footing.

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