Doug Parker Net Worth 2022: Biography, Age, Height, Career and More

Doug Parker Net Worth

Doug Parker Net Worth - William Douglas “Doug” Parker is the chairman and CEO of American Airlines Group, Inc., the parent company of American Airlines and the largest airline in the United States. Before the two companies merged in 2013, he was the chairman and CEO for U.S. Airways.

Prior to that merger, Parker was the chairman, president and CEO for America West, a role he started a mere 10 days before September 11, 2001 when he was tasked with the challenge of leading the airline through crisis.

Parker began his career working in the airline industry after graduating with an M.B.A. from Vanderbilt University. After an on-campus interview, American Airlines offered him a job and he worked for them as a financial analyst from 1986 to 1991. 

He then accepted a position with Northwest Airlines where he helped create a team to more efficiently track flight-by-flight gains and losses.

In 1995, he became vice president and assistant treasurer and vice president of financial planning and analysis at America West Airlines before it merged with US Airways, eventually leading him back to American Airlines.

Parker was an advocate for airlines industry consolidation to create a more stable and competitive industry for all those impacted by airlines, including employees, customers, and stockholders. 

He serves on the board for Valley of the Sun United Way, Vanderbilt University, International Air Transport Association, Airlines for America, Inc., and SMU-Cox School of Business and Chairman-Governors Board at Airline Passenger Experience Association, Inc.

He grew up in Michigan and earned his B.A. in economics from Albion College before attending Vanderbilt University. Parker lives with his wife, Gwen, and their three children in Dallas, Texas.

Doug Parker Biography

Doug Parker Wife:

Doug Parker’s wife Gwen Parker was a flight attendant at the American Airlines. The couple met each other while working for the company as employees which later turned a relationship of husband and wife.

Doug, who was raised in Michigan, met his wife Gwen in Dallas. Meanwhile, Mrs. Parker had travelled from Arkansas to pursue her career as a flight attendant in Dallas.

Prior to her shift in Dallas, Gwen Adkinson served as a middle school teacher at Siloam Springs for a year.

Gwen completed her education from the University of Arkansas. She was a high school grad of Pine Bluff High School and earned her Bachelor’s of Science in Education from the College of Education and Health professionals at the university.

The Kappa Kappa Gamma at the University, Gwen has endorsed $50,000 scholarship to the students who want to earn a degree from Pine Bluff High School alongside her husband.

The couple serves as life members at the Arkansas Alumni Association and the members of Chancellor’s society.

Doug Parker Career:

Parker was a financial analyst at American Airlines from 1986 to 1991, where he was a member of then CEO Robert Crandall’s “Brat Pack”.

Parker joined Northwest Airlines in 1991 and was tasked to help create a team that would systematically figure out where the airline was making and losing money. Tracking profits flight-by-flight in such detail at that level was a first for Northwest.

He became Chief Financial Officer of America West Airlines in 1995 after returning to United States, and because then-CEO Bill Franke wanted to train him to be a CEO, Parker moved around between finance, sales, and operations. 

Parker was named Chairman and CEO in September 2001, 10 days before the September 11th terrorist attacks. Under Parker, America West was the first of several airlines to win post-9/11 federal loan guarantees, saving the airline from a second bankruptcy.

Doug Parker Career

Doug Parker Net Worth and Salary:

As American Airlines CEO Parker was paid 19.2 million USD in early 2018 from company stock and stock options that were granted to him in 2008. If his restricted stock awards vest by this year end, his total payout will likely increase to over 31 million USD. 

Additionally, he may receive 20 million USD in bonuses by year end. In 2017, he earned 11.3 million USD in overall salary. His net worth will be added soon.

The publicly listed American airline company, AAL, is estimated to have a valuation of 17.67 billion USD in terms of market cap. Institutional investors and hedge funds are the largest owners of American Airlines Group shares. They hold about 80.67% stake in the company. 

Some of them include Berkshire Hathaway, Price T Rowe Associates Inc, Primecap Management, IBM Retirement Fund, etc. Insiders hold 0.70% stake in the company. Other details will be furnished after a while.

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