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American Airlines Group’s AAL chief executive officer Doug Parker will step down on Mar 31, 2022. Parker will, however, continue to discharge his duties as the chairman of AAL’s board.
– Zacks
Parker has been at the helm of affairs at American Airlines since 2013. We remind investors that American Airlines Group was formed following the December 2013 merger between AMR (American Airlines’ parent group, which was founded in 1934) and U.S. Airways.
Parker will be replaced as CEO by the carrier’s current president Robert Isom. Isom has been serving as American Airlines’ president since 2016. He is hugely experienced in the airline industry, evidenced by his leadership expertise across various fields like finance, operations, planning, marketing, sales, alliances, pricing and revenue management.
Expressing his gratitude to Parker, Isom said, “I want to thank Doug for his partnership over the past two decades. He is a leader and teacher who inspires all around him and leaves an incredible legacy at American and in our industry. Looking ahead, I am deeply honored to be working alongside the best team in the industry and know that we will achieve great things together.”
With air-travel demand on the mend from the pandemic-induced lows witnessed last year, American Airlines will be hoping that a veteran like Isom will be able to take advantage of the upbeat scenario and guide AAL in its quest for achieving greater growth.
Zacks Rank & Key Picks
American Airlines currently carries a Zacks Rank #3 (Hold).
Below, we present some better-ranked stocks in the Zacks Transportation industry:
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