Sun Country Airlines announces executive changes

Today, Sun Country Airlines Holdings , Inc. (NASDAQ:SNCY), a $518 million market cap airline whose stock has declined over 32% year-to-date and is trading near its 52-week low, reported significant changes in its executive team, including the departure of key officers and the appointment of interim replacements. According to InvestingPro analysis, the company maintains a GOOD financial health score despite recent market challenges. Dave Davis, President, Chief Financial Officer, and board member, resigned from his roles effective immediately on April 16, 2025. The company emphasized that his resignation was not due to any disagreements.

Following Davis’s departure, the Board has appointed Bill Trousdale as the interim Chief Financial Officer and Principal Financial (NASDAQ:PFG) and Accounting Officer starting April 17, 2025. Trousdale has been with Sun Country Airlines since 2018, serving as the Vice President of Financial Planning & Analysis and Treasurer. His prior experience includes finance executive roles at Laureate Education (NASDAQ:LAUR), Northwest Airlines, and US Airways, and he is a former Lieutenant in the United States Navy. Trousdale holds a BS in Mechanical Engineering from MIT and an MBA from Northwestern (NASDAQ:NWE) University.

In another strategic move, Gregory Mays, the Chief Operating Officer, stepped down from his position on April 17, 2025. However, he will remain with the company for a transition period. To fill the gap, Stephen Coley, currently the Vice President of Technical Operations, will take on the interim role as Head of Operations. Coley brings over two decades of operational experience, having worked at United Airlines, HAECO Americas, and TIMCO Aviation Services.

Sun Country Airlines has stated that it will initiate formal search processes to find permanent replacements for both the Chief Financial Officer and Chief Operating Officer positions. There are no familial or transactional relationships between the interim appointees and other company executives or board members that would require disclosure under SEC regulations.

The company’s announcement, based on a press release statement, underscores a period of transition within the upper echelons of Sun Country Airlines’ leadership, as the airline navigates these high-level personnel changes. With the next earnings announcement scheduled for May 1, 2025, investors can access comprehensive analysis and additional insights through the detailed Pro Research Report available on InvestingPro, which currently indicates the stock is trading below its Fair Value.

In other recent news, Sun Country Airlines Holdings Inc. reported its fourth-quarter and full-year 2024 earnings, showcasing record revenue figures and surpassing earnings per share (EPS) expectations. The airline achieved a total revenue of $260.4 million for the fourth quarter, marking a 6.1% year-over-year increase, and an EPS of $0.20, exceeding the forecast of $0.1888. The company also reached its highest annual revenue on record at $1.08 billion. In a strategic move, Sun Country Airlines entered into a seven-year agreement with Synchrony Bank to launch a co-branded credit card program, expected to begin in the fourth quarter of 2025. Additionally, the airline completed a secondary public offering and a concurrent share repurchase, purchasing 630,914 shares from underwriters, although it did not receive proceeds from the sale of shares owned by SCA Horus Holdings, LLC. Sun Country Airlines also updated its financial outlook through an Investor Update, providing stakeholders with the latest financial data and operational insights. These developments reflect the company’s efforts to diversify its financial strategies and maintain transparency with investors.

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