American CEO Parker becomes latest airline chief to exit
December 7, 2021 9:26AM CST
American Airlines passenger jets prepare for departure, Wednesday, July 21, 2021, near a terminal at Boston Logan International Airport, in Boston. American Airlines says it earned $169 million in the third quarter, but the delta variant of COVID-19 slowed down its recovery from the pandemic. The third-quarter profit was possible because American got nearly $1 billion in pandemic relief from the federal government. American said Thursday, Oct. 21, 2021, that revenue in the fourth quarter will be down 20% compared with the same period in 2019. (AP Photo/Steven Senne)
By DAVID KOENIG AP Airlines Writer
DALLAS (AP) — American Airlines CEO Doug Parker will retire next March and be replaced by the airline’s current president, Robert Isom.
American said Tuesday that Parker will remain chairman. Isom had been the heir apparent for several years at the airline, which is based in Fort Worth, Texas.
Parker has spent two decades as an airline CEO since becoming the head of America West Airlines just days before the Sept. 11, 2001, terror attacks.
In 2005, Parker engineered a merger with larger US Airways, and he repeated the same strategy in December 2013 with American, which was just emerging from bankruptcy protection.
More about:
You Might Also Like
