Skift Business Traveler: Delta's CEO Richard Anderson Announces Retirement
Skift Take
What to Know Now
Delta's simultaneously most loved and most hated CEO just announced his retirement. He'll be resigning his position in May to Ed Bastian, the airline's current president.
Mr. Anderson led the airline through some remarkably tough times as the American economy slowed through a recession and oil hit all-time highs. Throughout, Delta led the way in profit from ancillary revenue while maintaining an updated fleet and brand, leading many to label it the best current airline for business travelers.
At the same time though, many of the changes implemented by Anderson's Delta antagonized its competitors and frequent flyers. Delta has out-innovated others in charging extra for "branded fares" while SkyMiles, Delta's loyalty program, has effectively been destroyed. Aggressive tactics in Seattle and the Middle East have also not made the airline popular with Alaska Airlines and Qatar.
In short. Delta's shareholders are sad to see the CEO go while elite members and competitors are pleased. Either way, he was a hell of a businessman.
Social Quote of the Day
Say what you will about RA, he played a hand pretty similar to the cards Smisek was dealt and won the poker tournament. Smisek ended up having to borrow bus fare home from the casino.
Airlines
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Airports
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Tech
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Hotels
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Your Turn
The Points Guy TV kicked off this week. More on it's success on Skift.
Tips and Comments
Can be sent to gm[at]skift[dot]com or to @grantkmartin