American Airlines CEO Doug Parker will resign for the first time in eight years and will replace career president Robert Isom on March 31st. The company announced on Tuesday.
Parker is the CEO of the second major airline to announce his retirement this year, indicating that security guards have been replaced among US aircraft carriers. Southwest Airlines CEO Gary Kelly resigns in February and hands the reins to another long-time executive, Bob Jordan, in February.
Parker will continue to serve as Chairman of the American Board of Directors.
“It may have happened earlier, but the pandemic and the catastrophic impact it had on our industry delayed those plans,” Doug Parker wrote in a note to staff on Tuesday. Said.
Parker first became the CEO of America West Airlines shortly before the September 11, 2001 terrorist attacks, and subsequently oversaw the two mergers of US Airways and American Airlines. Career.
Isom becomes the CEO of an airline that is still losing money as it seeks to rebuild a business that collapsed during a pandemic. In the first three quarters of 2021, Americans lost nearly $ 4.8 billion after losing $ 9.5 billion last year. This is because Covid has forced countries around the world to ban flights, and millions of travelers have avoided flights.
“In the last few years, our airlines and industry have entered a period of change, and with change, opportunities come,” Isom said in a news release announcing leadership changes.
For Parker and Isom, this transition is the latest move in two careers that have been linked for over 20 years and date back to the days of the American West in the mid-’90s.
On September 1, 2001, Parker became CEO of America West Airlines just 10 days before the September 11 attack put the aviation industry at stake. Many airlines struggled to rebound, but Parker saw the difficult environment as a good opportunity for integration. In 2005, Parker oversaw the merger of America West Airlines and the bankrupt US Airways, creating the fifth largest aircraft carrier in the country. Parker ran the new US Airways as CEO.
Following the Great Depression that ended in 2009, the airline, which was plagued by huge debt and high legacy costs, spurred a series of bankruptcies and another merger round. Once again, Parker saw the rare opportunity to create a larger airline of size and size that US Airways could never achieve.
The target this time was American Airlines, which went bankrupt in 2011. Parker designed the merger of US Airways and American Airlines, which went bankrupt, when American Airlines escaped from Chapter 11 bankruptcy in 2013, and established the world’s largest airline. As Chief Executive Officer, Isom oversaw the integration of the two airlines.
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American Airlines CEO Doug Parker retires and President Robert Isom takes command on March 31
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