Articles tagged “doug parker”

American CEO Doug Parker Is Cautiously Optimistic About the Boeing Max

American CEO Doug Parker Is Cautiously Optimistic About the Boeing Max

Brendan Case, Bloomberg

Both caution and optimism are in order regarding Boeing's fixes to its Max 737 aircraft. American's CEO is one of the first airline execs to talk openly about passenger anxieties when the Max is given the green light to fly again.

3 months ago

American CEO Doug Parker Loses a Bet on the Company’s Stock Price

American CEO Doug Parker Loses a Bet on the Company’s Stock Price

Mary Schlangenstein, Bloomberg

American Airlines CEO Doug Parker has made big promises about his airline's future. They may some day come true, but not yet. Five years after its merger with US Airways, American is not quite the profit-making machine Parker had hoped.

9 months ago

American CEO on Gulf Carrier Pact: ‘Someone Is Cheating Already’

American CEO on Gulf Carrier Pact: ‘Someone Is Cheating Already’

Brian Sumers, Skift

Remember when the Trump administration suggested in May it had solved the ongoing dispute between U.S. and Gulf carriers? Hah. American Airlines CEO Doug Parker is already complaining one competitor is ignoring the spirit of the agreement.

12 months ago

American Airlines Is Trailing Its Rivals on Key Measures

American Airlines Is Trailing Its Rivals on Key Measures

Mary Schlangenstein, Bloomberg

Doug Parker, CEO of American Airlines Group, made a jesting promise that the stock price of his company would hit $60 a share by the end of November. Good luck with that. What's worse, the carrier lags its rivals Delta and United in profit margins and on-time record.

1 year ago

American Not Ready to Resume Commercial Ties With Etihad and Qatar Airways

American Not Ready to Resume Commercial Ties With Etihad and Qatar Airways

Brian Sumers, Skift

Journalists grilled American Airlines CEO Doug Parker on Sunday about world affairs. It was unusual, considering he usually answers questions about capacity, or the passenger experience. But airlines are global businesses that rely on free trade agreements and deals negotiated by diplomats. Recent protectionist moves by some governments may not bode well for airlines.

1 year ago

American Airlines CEO Already Earned $19.2 Million This Year

American Airlines CEO Already Earned $19.2 Million This Year

Alicia Ritcey and Mary Schlangenstein, Bloomberg

Don't begrudge American's Doug Parker for the big payday. He leads the world's largest airline, and he decided to forgo a paycheck for stock. His gamble has paid off.

2 years ago

American Airlines Plans to Keep Prices Low on Competitive Routes

American Airlines Plans to Keep Prices Low on Competitive Routes

Mary Schlangenstein, Bloomberg

The Great Fare War of 2017 will continue for the foreseeable future. Get those cheap tickets while you can, folks. You might never see fares this low again.

2 years ago

American Airlines’ Pilot Union Votes ‘No Confidence’ in the Airline’s Executive Team

American Airlines’ Pilot Union Votes ‘No Confidence’ in the Airline’s Executive Team

Mary Schlangenstein, Bloomberg

American Airlines CEO Doug Parker is respected by many of the airline's employees and beloved by Wall Street. He and his executive team will be just fine, no-confidence vote or not. American's pilots should probably just accept that.

3 years ago

American Airlines’ Bid to Change Corporate Culture Meeting Resistance From Unions

American Airlines’ Bid to Change Corporate Culture Meeting Resistance From Unions

Mary Schlangenstein, Bloomberg

Southwest and United realize that you need employees on your side to make a great airline. Doug Parker of American knows that, too, but he is telling pilots they need to wait until 2019 to achieve wage parity or better with the airline's rivals. Pilots know if American truly values them, their wallets would be fatter.

3 years ago

American Airlines CEO Says Industry May Never Again Lose Money

American Airlines CEO Says Industry May Never Again Lose Money

Brian Sumers, Skift

For decades, airlines have followed a predictable boom-and-bust cycle. But have U.S. carriers finally figured out how to change that? American's CEO thinks so. It'll take some time learn if he's right, though.

3 years ago

American Airlines CEO: It’s Not the Same Old Airline Business Anymore

American Airlines CEO: It’s Not the Same Old Airline Business Anymore

Dennis Schaal, Skift

There were pundits during the dot-com bubble who argued that business cycles were a thing of the past because of structural changes in the economy. Parker contends that airlines will emerge from the next recession in much better shape. Let's hope.

4 years ago

American Airlines CEO Doug Parker Nets $13.4 Million Profit in Stock Sales

American Airlines CEO Doug Parker Nets $13.4 Million Profit in Stock Sales

David Koenig , Associated Press

Despite Doug Parker's sell-off and profit taking, he still owns 1.4 million shares in American Airlines. He therefore still has a little stake in the airline's success.

6 years ago