American Airlines CEO’s salary set at $700,000

Cap Metro riders talk about rail experiences (Josh Hinkle/KXAN)
Cap Metro riders talk about rail experiences (Josh Hinkle/KXAN)

DALLAS (AP) — The CEO of the new American Airlines says he will get a salary of $700,000 this year and could get a bonus of twice that if the company is highly profitable.

But Doug Parker says the majority of his compensation will come in the form of a stock award that hasn’t been determined yet.

Parker told employees Monday that his compensation would be less than that paid to CEOs at United Airlines and Delta Air Lines, which are roughly the same size as American after its merger with US Airways. He said that he requested the lower payout because union employees at the company are paid less than counterparts at those airlines.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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