American Airlines CEO Doug Parker steps down; President Robert Isom takes over on March 31

Doug Parker, CEO of American Airlines

Adam Jeffrey | CNBC

American Airlines CEO Doug Parker is stepping down and will be replaced by President Robert Is on March 31, the airline said Tuesday.

Parker became the second CEO of major airlines this year to announce his retirement, marking a changing of the guard among American carriers. Southwest Airlines CEO Gary Kelly will step down in February and hand over the reins to another CEO, Bob Jordan, in February.

Parker will remain American chairman of the board.

Parker first became CEO of America West shortly before the September 11, 2001 attacks, and then led two mergers with US Airways and American Airlines, which culminated in the consolidation of American carriers.

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