12/7/2021, 1:32 PM (Source: TeleTrader)
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American Airlines CEO to retire

American Airlines Group Inc. announced on Tuesday that Doug Parker will retire as company CEO on March 31, 2022, but that he will remain at the airline as chairman of the board beyond that date.

Current company President Robert Isom will succeed Parker as CEO and join the American Airlines' board of directors.

"We are well-positioned to take full advantage of our industry's recovery, and now is the right time for a handoff we have planned and prepared for," Parker said in the press release.

Baha Breaking the News (BBN) / MS