American’s CEO Sides With Airline Workers Against Wall Street
- Bankers are mad the carrier's employees are getting a raise.
- Doug Parker says higher wages will make up for tough times.
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In the three years since he merged US Airways with American Airlines, Chief Executive Officer Doug Parker has been a preacher of sorts, arguing that it’s a new world order for U.S. carriers and that the bad old days are over.
Airline investors, which now include billionaire Warren Buffett, have been leery of this optimism, given the industry’s history of good times begetting bad behavior on worker wages and flight capacity.