Delta Air Lines CEO to Retire, Names Insider as Successor

February 3, 2016, 10:08 PM UTC
A Delta Air Lines plane taxis toward a gate between other De
A Delta Air Lines plane taxis toward a gate between other Delta planes at John F. Kennedy International Airport in New York, U.S., on Monday, July 20, 2009.
Photograph by Bloomberg via Getty Images

U.S. carrier Delta Air Lines Inc said President Ed Bastian would replace Richard Anderson as chief executive.

Anderson will retire as CEO effective May 2 and become Delta’s executive chairman after that, the company said in a statement.

This is a developing story.