The CEO of American Airlines netted a profit of $13.4 million from selling shares and options that he accumulated while running US Airways.
As American Airlines flies into its first year after merging with US Airways, fares are up, fuel costs are down, and the company is beating Wall Street’s profit predictions.
American Airlines says more than 60,000 employees voted and a majority want to paint red, white and blue horizontal stripes on the tails of all AA planes.
The new CEO of American Airlines will let the company’s employees settle a dispute over the fleet’s appearance by letting them pick the design for the tails of their planes.
American Airlines emerged from bankruptcy protection and US Airways culminated its long pursuit of a merger partner when the two completed their deal on Monday.
Rival unions are fighting over how to represent 24,000 flight attendants at the new American Airlines, which expects a merger with US Airways to happen next month.
American Airlines and US Airways on Monday morning agreed to extend their merger agreement, pushing back the date that either carrier could terminate their merger plan.
There has been a shake-up for the management team at American Airlines. The changes were announced on Monday morning, and are set to start once the company merges with US Airways.
American Airlines and US Airways will soon announce the senior executives of their combined company. The airlines said that an announcement could come in late May or early June.
A federal official opposes a nearly $20 million severance payment to the CEO of the parent company of American Airlines in the carrier’s proposed merger with US Airways.
US Airways CEO Doug Parker, the man in line to lead American Airlines after the two carriers merge, expects to announce a new management team before closing the deal.
A bankruptcy judge will consider the merger of American Airlines and US Airways on March 27. The two carriers last week announced plans to merge in an $11 billion deal.