American Airlines will double the salary of company president Robert Isom when he takes over as CEO on March 31, but his total compensation package will be determined by how the debt-laden company recovers from the COVID-19 pandemic downturn.
American Airlines Group announced the pay adjustment Monday, a month before Isom is set to take over as CEO in a transition announced in December that was years in the making. Isom made a base salary of $687,139 in 2020, but that was only a fraction of the $6.25 million total compensation he was paid that year, including bonuses, stock options and awards.
Fort Worth-based American also increased Isom’s “short-term incentive” potential to 200% of his salary, according to a regulatory filing.
