"We have moved swiftly to improve our liquidity, conserve cash and ensure customers are safe when they travel," CEO Doug Parker said. Revenue dropped more than 86% in the quarter to $1.6 billion from close to $12 billion a year earlier.American has restored more capacity than some of its large competitors like The Fort Worth, Texas-based airline did slash its daily cash burn rate from $100 million a day in April to $30 million a day in June after it cut flights and idled planes and thousands of employees took voluntary time off. Also Thursday, Southwest Airlines said it lost $915 million in the second quarter compared with $741 million in net … Now he's helping American's largest regional carrier take flight. American Airlines' executives will hold an analyst call at 8:30 a.m. EDT. ... How Tom DeLonge Achieved a Net Worth of $80 Million. Pedro Fábregas, CEO of Irving-based Envoy Air, started his airline career any way he could to get a foot in the door. American Airlines CEO Doug Parker's compensation in 2018 totaled nearly $12 million — or 195 times more than the airline's median pay for employees. “If there is one guy who most deserves it, it would be Ed.”After earning $18.7 million in 2016 total compensation, including a bonus tied to his hiring, United’s Munoz slipped last year to third among U.S. airline CEOs — by design.He received $9.5 million after forgoing his annual bonus. Delta Air Lines Chief Executive Ed Bastian earned slightly more total compensation in 2017 than any of his U.S. peers, as his carrier generally performed better on financial and operational metrics than its competitors.Bastian, who became CEO in May, 2016, received roughly $13.2 million in compensation, mostly in stock, as he is paid a base salary of $800,000. Since May 2015, Parker has not taken a salary, Other U.S. airline CEOs make less money than the heads of the major network carriers. American Airlines Group Inc. income statements for executive base pay and bonus are filed yearly with the SEC in the edgar filing system. Does the average traveler care whether a U.S. airline CEO made $7 million or $13 million last year? Robert L. Crandall serves as Independent Director of the Company. American Airlines Group Inc. annual reports of executive compensation and pay are most commonly found in the Def 14a documents. Delta isn’t perfect but they are the closest to performing that way of any airline out there today, and they are not finished yet.”According to Delta’s filings, roughly 94 percent of Bastian’s compensation is “at risk” — payable to the CEO only if he meets certain benchmarks.
"American and other airline executives are warning that demand has softened due to a spike in coronavirus cases and travel restrictions abroad and quarantine orders. Munoz said in a filingAmerican Airlines CEO Doug Parker moved up to the second slot with nearly $12.2 million in total compensation. American said it expects its capacity in the third quarter to be down 60% from last year.The pandemic has been particularly painful for airlines because a resurgence in cases comes during what is normally the most lucrative time of year, the peak summer travel season. It estimates it earns a “They have the best performing operation,” Mann said. Among low-cost-airlines, Southwest Airlines’ Gary Kelly was the best paid, earning $7.5 million in 2017 total compensation, while Brad Tilden of Alaska made $5.7 million and Robin Hayes of JetBlue Airways made $3.3 million.At ultra-low-cost-carriers, Bob Fornaro of Spirit Airlines earned roughly $2.2 million, and Maury Gallagher of Allegiant Air made $2.3 million, though as company founder, In 2017, Delta reported full-year adjusted pre-tax income of $5.5 billion, and its revenue per available seat mile, a measure of per-flight revenue, is consistently far above the U.S. airline average. Data is a real-time snapshot *Data is delayed at least 15 minutes. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.
He is the former chairman and CEO of AMR Corporation and American Airlines. "There is much uncertainty ahead, but we remain confident we will emerge from this crisis more agile and more efficient than ever before. Robert Crandall biography. For compensation beyond base pay, he and other executives are measured on several factors, including net income, profit margin, net promoter score, on-time performance record and lost baggage rate.