NEW YORK: Veteran American Airlines Chief Executive Doug Parker plans to step down in March and will be succeeded by his deputy, Robert Isom, the carrier announced Tuesday .
American's leadership transition was delayed by the COVID-19 pandemic"and the devastating impact it had on our industry," Parker said in a letter to employees. American entered the pandemic downturn with more debt than rivals, but has benefited from federal support programs, as well as ready access to public markets amid low interest rates.
In the third quarter, American reported US$169 million in profits after losing US$3.1 billion in the year-ago period.
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