American Airlines chairman Doug Parker steps down

FORT WORTH, Texas — *The video above is from a earlier report on American Airlines.* 

American Airlines mentioned Thursday that Doug Parker, who served as CEO for greater than eight years earlier than stepping down final yr, will retire as chairman on April 30.

The new chairman might be Greg Smith, who spent greater than 30 years at Boeing together with the final 10 as chief monetary officer.

Smith’s duties at Boeing included oversight of producing and high quality packages throughout improvement and rollout of the 737 Max, which was grounded worldwide after two lethal crashes. He briefly served as interim CEO after Dennis Muilenburg was ousted in late 2019.

Smith, 56, retired from Boeing in a shock transfer in early 2021, then joined American’s board in January 2022.

Parker, 61, was CEO of US Airways when he engineered a 2013 merger that put him and his government crew in command of American Airlines, which was simply rising from chapter safety.

Parker’s tenure as CEO was principally a extremely worthwhile interval for American, however the airline struggled with extra debt than its rivals, even earlier than the pandemic that devastated the U.S. journey business in early 2020. Also, American’s relations with its labor unions worsened, and the federal authorities sued to kill a partnership with JetBlue within the New York and Boston. Robert Isom succeeded Parker as CEO final March.

Recently American Airlines announced thousands of flight reductions to its summer time schedule. One of the main causes is rather like different airways, American is coping with an ongoing pilot scarcity. 

American additionally introduced that longtime board members Ray Robinson and Jim Albaugh won’t search re-election this spring.

Scoop Jefferson contributed to this report.