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February 17, 2014

Parker nets $13.4 million from stock sale, American jet gets a nose job

Catching up from a day off on Friday, there were two notable news events at American Airlines that deserved their own blog post on Sky Talk instead of grouping them in with our usual Monday Midday Must-reads.

First, American chief executive Doug Parker and other top executives decided to cash in on some of their American stock on Friday.

According to filings made with the Securities and Exchange Commission, Parker netting $13.4 million in profit from selling shares and options he had earned while CEO of US Airways. Parker still owns about 1.4 million shares which is worth $47 million based on Friday's closing price of the stock.

Some of Parker's stock options were set to expire later this month. The Associated Press reports that Parker and his wife, Gwen, told employees they will donate $1 million to a fund that helps employees with financial problems.

American president Scott Kirby, CFO Derek Kerr and executive vice president Stephen Johnson also exercised and sold shares last week.

Bs-md-bwi-jet-accident-20140216-001And then there was this incident on Sunday at BWI airport in Baltimore.

An MD-80 was scheduled to depart BWI for Dallas/Fort Worth on Sunday afternoon when it was struck by an American ground support vehicle on the tarmac.

No passengers were injured and the driver of the vehicle was taken to the hospital for minor injuries and released. American told the Baltimore Sun that the fiberglass cover on the front of the plane and the landing gear sustained damage.

-Andrea Ahles


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