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Doug Parker to Step Down as CEO of American Airlines

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American Airlines  (AAL) - Get American Airlines Group, Inc. Report  CEO, Doug Parker announced that he is stepping down as CEO and will be replaced by the company's current president Robert Isom.

Parker who will continue as chairman of the board has been the CEO since 2013, overseeing the management of the Covid-19 pandemic's impact on the industry and the airline.

Previously, Parker was CEO of America West helping guide the merger with US Airways and then engineered a merger between U.S. Airways and a bankrupt American, creating the largest airline in the world after American emerged from Chapter 11 bankruptcy in 2013.

American Airlines posted a $169 million profit in the third quarter mainly due to the nearly $1 billion in federal pandemic relief that covered most of the company's payroll costs.

In a statement released by American Airlines, Parker said, “It has been the privilege of my life to serve for 20 years as an airline CEO. I am forever grateful to the American team, whose commitment to taking care of each other and our customers has never wavered and will continue to drive our success going forward.”

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