Aer Lingus Taps New CEO From Within Parent IAG: Aer Lingus is no longer a stand-alone airline, so it makes sense that its CEO, Stephen Kavanagh, who joined the company in 1988, is stepping down. Newish owner International Airlines Group, owner of Iberia and British Airways, is putting its own man in charge. Skift Europe Editor Patrick Whyte has the story.
American Airlines was founded in 1926 as a mail carrier with its first flight by Charles Lindbergh. Eight years later, the company switched revenue sources from mail to passengers and has since grown through various mergers with other airlines. Today, American Airlines operates out of ten hubs located from shore to shore in the United States, with its main headquarters in Fort Worth, Texas. Other hubs include Charlotte, Chicago-O'Hare, Philadelphia, Miami, Phoenix-Sky Harbor, Washington, DC-National, Los Angeles, New York-JFK, and New York-LaGuardia.
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Los Angeles – The eighth-largest hub in terms of number of destinations and flights and American's hub for the West Coast. About 16.5 million passengers fly through LAX on American every year, or about 45,000 people per day. American has about 19% of the market share at LAX, making it the largest carrier at the airport. LAX is American Airlines' primary Hawaiian and transpacific gateway.
American Airlines is one of the world's largest airline by size, revenue, and the number of passengers carried. It is a founding member of Oneworld, the third largest airline alliance in the world with partners like British Airways, Iberia, and Finnair. The airline offers flights to 350 destinations in 50 countries around the world, averaging nearly 6,700 flights each day.
One year later, there were 15 people working from Chesky and Gebbia's loft apartment on Rausch Street in San Francisco. To make room for employees, Brian Chesky gave up his bedroom and lived at lodging booked via the Airbnb service until the company moved into its first office space. In April 2009, the company received $600,000 in seed money from Sequoia Capital and, in November 2010, raised $7.2 million in financing from Greylock Partners and, again, from Sequoia Capital, in a Series A round, then announcing that out of 700,000 nights booked, 80% had occurred in the previous six months.