| Net Worth | Salary | Birthdate | Birthplace | Gender | Height | Profession | Nationality |
|---|---|---|---|---|---|---|---|
| $50 million | Around $19 million per year | N/A | N/A | N/A | N/A | Businessman | American |
What is Doug Parker’s Net Worth?
Doug Parker, an American businessman, has a net worth of $50 million. He is widely known for being the Chairman and CEO of American Airlines Group, Inc., which includes American Airlines.
Highlights
- Doug Parker’s net worth is estimated to be $50 million.
- He serves as the Chairman and CEO of American Airlines Group, Inc.
- He played a crucial role in saving American Airlines from bankruptcy after the 9/11 terrorist attacks.
- Doug Parker owns approximately 1.8 million shares of American Airlines, valued at around $60 million.
- He earns an annual salary of around $19 million.
Early Life
Doug Parker’s early life details, including his birthdate, birthplace, and other personal background information, are currently unavailable in the provided content.
Career
Doug Parker’s career in the aviation industry began when he joined American Airlines as a financial analyst in 1986. After working for American Airlines until 1991, he joined Northwest Airlines. In 1995, Parker became the Chief Financial Officer of America West Airlines.
Doug Parker gained extensive experience in finance, sales, and operations over the years and eventually became the Chairman and CEO of America West Airlines in 2001. Just days before the September 11th terrorist attacks, he assumed this position, which posed significant challenges for the airline industry. However, Parker successfully steered America West Airlines through these difficult times by securing a federal loan guarantee, saving the company from a second bankruptcy.
When America West Airlines and US Airways merged, Doug Parker retained his role as CEO. In 2013, he became the CEO of the world’s largest airline when the parent company of American Airlines, AMR Corporation, and US Airways merged.
Personal Life
The provided content lacks information about Doug Parker’s personal life, such as his birthdate, birthplace, gender, height, and other personal details.
Net Worth Over Time
As of the latest estimate, Doug Parker’s net worth stands at $50 million. However, it is important to note that net worth figures are subject to change as financial circumstances and investments evolve.
Doug Parker’s net worth has been significantly influenced by his executive position as the Chairman and CEO of American Airlines Group, Inc. His annual salary, around $19 million, contributes to his overall net worth. Additionally, his ownership of approximately 1.8 million shares in American Airlines, valued at around $60 million, further shapes his net worth.
Components of Net Worth
The components contributing to Doug Parker’s net worth include his salary, investments, and ownership of shares in American Airlines. His high-ranking position as Chairman and CEO of a major airline company allows him to earn a substantial annual salary. Furthermore, his significant ownership of shares in American Airlines positively impacts his net worth, as the value of these shares fluctuates with the airline’s performance in the stock market.
In conclusion, Doug Parker, with a net worth of $50 million, has had a successful career in the aviation industry, particularly as the Chairman and CEO of American Airlines Group, Inc. His leadership and financial acumen have played significant roles in navigating the challenges faced by the airline and ensuring its success. Through his salary and ownership of shares in American Airlines, his net worth has continued to grow over time.