Sign in to comment!

Menu
Home

Industries

New American Airline CEO Parker to get $19.5 million in merger pay

2013-04-15T224651Z_1_CBRE93E1RA500_3_AMERICANAIRLINES-MERGER.JPG

 (Copyright Reuters 2013)

US Airways CEO Doug Parker will receive an estimated $19.5 million in merger-related pay for taking over as chief executive of the merged US Airways and American Airlines, the companies said Monday.

The merger between US Air and American parent AMR Corp , which still requires regulatory approval, would create the world's largest airline, with more than 6,700 daily flights to 336 destinations and 100,000 employees.

(Reporting by Alwyn Scott; Editing by Gary Hill)