We’re coming up on the end of the second quarter sooner than you think — and with that in mind, a reminder. Board meetings prior to airline earnings announcements are where changes and news are made.
Or, in the case of Midwest Airlines, we have an upcoming delayed annual meeting next week that should be worthy of “Inside Edition” replays the next day.
But one airline in particular has a big piece of business sitting in the lap of its board of directors. That airline is Delta, and the decision is — who will be the airline’s new CEO.
You may have noticed that the airline announced a number of upper management shifts last Friday. Robert Cortelyou was promoted from vice president to senior vice president – Network Planning; Pam Elledge was promoted from vice president to senior vice president – Global Sales and Distribution; and Gail Grimmett was promoted from vice president to senior vice president – Revenue Management.
Meanwhile, Gerry Grinstein was also talking about riding off into retirement last week.
But we still don’t have a new CEO onboard.
According to Grinstein, “It’s a decision for the board to make.” We should have an announcement in the next 10-14 days if that is the case.
Ticker: (NYSE:DAL), (AMEX:MEH)