American Airlines CEO's Wine-Bottle Wager With UBS Is Looking Dicey
- Shares would have to jump more than 50% soon for Parker to win
- Carrier lags Delta, United in profit margins, on-time record
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American Airlines Group Inc. Chief Executive Officer Doug Parker probably needs to start sharpening his wine-selection skills.
In 2016, the CEO of the world’s largest airline wagered a bottle of wine that American would hit $60 a share before UBS Group AG analyst Sam Buttrick turned 60. With Buttrick’s birthday looming on Nov. 25, American is languishing at less than $40 a share after falling the most this year among major U.S. airlines.