Richard Anderson will retire as CEO of Delta Arlines effective May 2, as part of a succession plan that has been several years in the making, the company said Wednesday.
"Under Richard's leadership, Delta has become the most profitable and best run airline that consistently delivers excellent customer service," said Dan Carp, chairman of the board. "The entire Board of Directors extends a hearty thanks for his service, his leadership and his thoughtful succession planning process."
Delta shares were slightly lower in extended-hours trading.
Ed Bastian, now the president of the company, will ascend to CEO, according to a company statement. Anderson will remain with the company as executive chairman of the board, replacing Carp, who will also remain on the board.
As Anderson moves out of his operational role, the C suite will shuffle, with a new President International, chief operating officer and president, the company said.
The transition comes as shares of Delta have dipped more than 13.5 percent so far this year, as benefits from lower fuel costs have been offset by winter weather and virus outbreaks that have dampened consumers' travel plans.
Tecnam has announced a landmark strategic partnership aimed at accelerating the growth of its P2012 aircraft family across the United States. Under the agreement, Finnoff has been appointed the exclus...
British Airways has unveiled the next phase of its Heathrow lounge transformation programme, marking the beginning of a significant investment aimed at modernising every lounge across the airport in t...
flyadeal, the fast-growing low-cost carrier of Saudia Group and one of the GCC's largest budget airlines, has expanded its presence in India with the launch of non-stop flights between Riyadh and...
For the fourth consecutive year, Corsair is reaffirming its commitment to the fight against breast cancer by partnering with the association "Les Hôtesses de l’Air cont...
