2018 was a great year for airline executives in the United States. Thanks to robust profit and strong revenue, U.S. airline CEOs racked in the dough.
Here’s a look at what the CEOs of nine major U.S. airlines were paid in 2018:
1. Appointed CEO on 01 2018
2. Retired on 31 December 2018
Table info compiled via SKIFT
- You’ll notice that American CEO Doug Parker earned less in 2018 than he did in 2017. That is because his compensated via stock and takes no salary. AA’s stock did not perform as well last year as in 2017.
- United CEO Oscar Munoz made about $1MN more than in 2017, but did not realize his full bonus potential. The board noted that United did not hit “customer satisfaction” goals in 2018, leading to a smaller bonus. Still, $10.5MN is nothing to scoff at.
- Alaska CEO Brad Tilden took a big hit because of of a “safety” related incident in Seattle, when a Horizon employee stole a Bombardier Q400, took it for a joy ride, and crashed it.
- Allegiant Air CEO Maury Gallagher took no salary but was given an $825,000 cash “bonus” from the board and an equity grant of roughly $2,000,000
The “ratio to median worker” is higher at American than Delta even though Bastian made about 25% more than Parker. That suggests that Delta workers are far better paid than their counterparts at American. As labor negations spiral out of control, that’s an interesting stat…
> Read More: Meanwhile, Disaster Awaits American Airlines