Sabre Corp. will promote one of its own to the top seat after CEO Tom Klein steps down on Dec. 31. Sean Menke joined the company in 2015 and currently serves as executive vice president of Sabre and president of Sabre Travel Network, the company's largest line of business. Klein has served as Sabre's CEO since 2013 and has worked at the company since 1994, when the company was still owned by AMR Corp. During his tenure, he took the company public and sold its online travel company Travelocity.com to Expedia for $280 million last year.
Five years ago today, American Airlines filed for bankruptcy protection as the Fort Worth-based carrier faced rising fuel prices and billions in dollars of debt. "No company ever wants to face a restructuring like this ... we spent 10 years trying to avoid this," said Tom Horton, who was also named the new chief executive of American on the same day.
With Donald Trump winning the presidential election this week, Star-Telegram columnist Bud Kennedy looked at when the newspaper first wrote about the real estate mogul and he found this wonderful Throwback Thursday item. In October 1989, Trump made an unsolicited offer to purchase AMR Corp., parent company of American Airlines.