Doug Parker, CEO of the leading airline company in the United States - American Airlines, announced on December 7th that he would resign from the position next March.
Mr. Parker, who became CEO back in 2001, will take over as chairman of the company's board, and the new CEO will be current American Airlines President Robert Isom, who has been holding the post since 2016. Mr. Parker explained that the company had been preparing a gradual change in leadership plan for several years. The transition might have happened sooner had it not been for the pandemic. But now, Doug Parker said, the airline company has begun to recover, so he can safely hand over to his successor.
Doug Parker took over American Airlines just days before the September 11th, 2001, terrorist attacks, which caused the most profound crisis in the global airline industry. Nevertheless, the airline successfully overcame it and then went through another one: the global financial crisis of 2008.
Under Doug Parker's leadership, American Airlines managed to make one of the most significant mergers in the passenger airline industry in 2013 by joining with US Airways.
Last year, American Airlines became one of the first in the US to realize the seriousness of the Covid-19 pandemic for air travel. The company developed a plan to provide government assistance to the American airline industry. Eventually, in July, American Airlines and another US market leader, Southwest Airlines, reported their first quarterly profit since the pandemic began.
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