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In May 2024, American Airlines announced that Raja would stand down as chief commercial officer the following month as it cut its profit guidance ahead of the summer 2024 travel season. [10] [11] For severance, he would continue to earn his base salary through January 2025 along with flight benefits and receive a lump sum payment of $968,750. [5]
Robert Isom (born 1967) [1] is an American businessman and CEO of the American Airlines Group and its subsidiary American Airlines. [2] He was president of the airline from 2016 to 2022 and became the CEO of the airline in March 2022.
December 7, 2021, American Airlines Group announced Parker would be retiring as the chief executive officer on March 31, 2022. He continued as chairman of American’s board before stepping down in April 2023. Robert Isom, the former president of American is now the new CEO. [8]
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American Airlines is prepared to raise pilot pay to match that of Delta’s, including 40% cumulative increases in a potential four-year deal, CEO Robert Isom said in a message to pilots.
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Since the 1990s, CEO compensation in the U.S. has outpaced corporate profits, economic growth and the average compensation of all workers. Between 1980 and 2004, Mutual Fund founder John Bogle estimates total CEO compensation grew 8.5 per cent/year compared to corporate profit growth of 2.9 per cent/year and per capita income growth of 3.1 per cent.
American Airlines CEO Robert Isom on Thursday morning expressed his condolences to the family and loved ones of those aboard a flight that collided with a military helicopter Wednesday night.