Report: Crandall to announce retirement as American Airlines chief

Crandall

April 15, 1998
Web posted at: 5:21 a.m. EDT (0921 GMT)

FORT WORTH, Texas (CNN) -- After 18 years as the head of American Airlines, Robert Crandall is expected to announce his retirement to the airline's executives Wednesday, The New York Times reports.

Crandall, 62, is expected to leave his job in mid-May and will be succeeded by American's president, Donald Carty, the Times said.

Crandall is credited with helping to develop some of the modern airline industry's most significant innovations, including frequent flier programs, deep-discount fares and sophisticated computer reservation systems.

Crandall is chairman, president and chief executive of AMR, American's parent company. He is also chairman and chief executive of American and chairman of the Sabre Group, the former American information technologies division.

Crandall took over as president of American in 1980 and became chairman and CEO in 1985. He joined the airline in 1973 as senior vice president for finance and later came to head its marketing operations.

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