diff --git a/pkg/operator/controller/ingress/controller.go b/pkg/operator/controller/ingress/controller.go
index 3cbd8050b..bfdd70b34 100644
--- a/pkg/operator/controller/ingress/controller.go
+++ b/pkg/operator/controller/ingress/controller.go
@@ -567,7 +567,6 @@ func setDefaultPublishingStrategy(ic *operatorv1.IngressController, platformStat
 					changed = true
 				}
 				if statusLB.ProviderParameters.AWS.Type == operatorv1.AWSClassicLoadBalancer {
-					statusLB.ProviderParameters.AWS.NetworkLoadBalancerParameters = nil
 					if statusLB.ProviderParameters.AWS.ClassicLoadBalancerParameters == nil {
 						statusLB.ProviderParameters.AWS.ClassicLoadBalancerParameters = &operatorv1.AWSClassicLoadBalancerParameters{}
 					}
@@ -589,7 +588,6 @@ func setDefaultPublishingStrategy(ic *operatorv1.IngressController, platformStat
 					}
 				}
 				if statusLB.ProviderParameters.AWS.Type == operatorv1.AWSNetworkLoadBalancer {
-					statusLB.ProviderParameters.AWS.ClassicLoadBalancerParameters = nil
 					if statusLB.ProviderParameters.AWS.NetworkLoadBalancerParameters == nil {
 						statusLB.ProviderParameters.AWS.NetworkLoadBalancerParameters = &operatorv1.AWSNetworkLoadBalancerParameters{}
 					}
diff --git a/pkg/operator/controller/ingress/controller_test.go b/pkg/operator/controller/ingress/controller_test.go
index 2cecd6ccf..aa12d0cf0 100644
--- a/pkg/operator/controller/ingress/controller_test.go
+++ b/pkg/operator/controller/ingress/controller_test.go
@@ -624,20 +624,6 @@ func TestSetDefaultPublishingStrategyHandlesUpdates(t *testing.T) {
 			expectedIC:              makeIC(spec(elb()), status(elbWithNullParameters())),
 			domainMatchesBaseDomain: true,
 		},
-		{
-			name:                    "loadbalancer type changed from ELB to NLB, with old ELB parameters removal",
-			ic:                      makeIC(spec(nlb()), status(elbWithNullParameters())),
-			expectedResult:          true,
-			expectedIC:              makeIC(spec(nlb()), status(nlbWithNullParameters())),
-			domainMatchesBaseDomain: true,
-		},
-		{
-			name:                    "loadbalancer type changed from NLB to ELB, with old NLB parameters removal",
-			ic:                      makeIC(spec(elb()), status(nlbWithNullParameters())),
-			expectedResult:          true,
-			expectedIC:              makeIC(spec(elb()), status(elbWithNullParameters())),
-			domainMatchesBaseDomain: true,
-		},
 		{
 			name:                    "loadbalancer type changed from NLB to unset, with Classic LB as default",
 			ic:                      makeIC(spec(eps(lbs(operatorv1.ExternalLoadBalancer, &managedDNS))), status(nlb())),
diff --git a/pkg/operator/controller/ingress/status.go b/pkg/operator/controller/ingress/status.go
index 407665050..e34f34782 100644
--- a/pkg/operator/controller/ingress/status.go
+++ b/pkg/operator/controller/ingress/status.go
@@ -71,6 +71,8 @@ func (r *reconciler) syncIngressControllerStatus(ic *operatorv1.IngressControlle
 	updated.Status.Selector = selector.String()
 	updated.Status.TLSProfile = computeIngressTLSProfile(ic.Status.TLSProfile, deployment)
 
+	clearIngressControllerInactiveAWSLBTypeParametersStatus(platformStatus, updated, service)
+
 	if updated.Status.EndpointPublishingStrategy != nil && updated.Status.EndpointPublishingStrategy.LoadBalancer != nil {
 		updated.Status.EndpointPublishingStrategy.LoadBalancer.AllowedSourceRanges = computeAllowedSourceRanges(service)
 	}
@@ -807,18 +809,28 @@ func IngressStatusesEqual(a, b operatorv1.IngressControllerStatus) bool {
 		}
 		if a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters != nil && b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters != nil &&
 			a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS != nil && b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS != nil {
-			if a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters != nil && b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters != nil {
-				if !awsSubnetsEqual(a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters.Subnets, b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters.Subnets) {
+			nlbParamsA := a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters
+			nlbParamsB := b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters
+			if nlbParamsA != nil && nlbParamsB != nil {
+				if !awsSubnetsEqual(nlbParamsA.Subnets, nlbParamsB.Subnets) {
 					return false
 				}
-				if !awsEIPAllocationsEqual(a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters.EIPAllocations, b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters.EIPAllocations) {
+				if !awsEIPAllocationsEqual(nlbParamsA.EIPAllocations, nlbParamsB.EIPAllocations) {
 					return false
 				}
+			} else if nlbParamsA != nlbParamsB {
+				// One is nil, the other is not.
+				return false
 			}
-			if a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters != nil && b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters != nil {
-				if !awsSubnetsEqual(a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters.Subnets, b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters.Subnets) {
+			clbParamsA := a.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters
+			clbParamsB := b.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters
+			if clbParamsA != nil && clbParamsB != nil {
+				if !awsSubnetsEqual(clbParamsA.Subnets, clbParamsB.Subnets) {
 					return false
 				}
+			} else if clbParamsA != clbParamsB {
+				// One is nil, the other is not.
+				return false
 			}
 		}
 	}
@@ -943,6 +955,32 @@ func computeLoadBalancerProgressingStatus(ic *operatorv1.IngressController, serv
 	}
 }
 
+// clearIngressControllerInactiveAWSLBTypeParametersStatus clears AWS parameters for the inactive load balancer type,
+// unless there is a load balancer type change is pending. When a change is pending, setDefaultPublishingStrategy
+// sets the desired parameters for the new LB type. To avoid removing the desired state, we allow
+// parameters for both classicLoadBalancer and networkLoadBalancer to exist during the transition.
+func clearIngressControllerInactiveAWSLBTypeParametersStatus(platformStatus *configv1.PlatformStatus, ic *operatorv1.IngressController, service *corev1.Service) {
+	if service == nil {
+		return
+	}
+	if platformStatus.Type == configv1.AWSPlatformType {
+		haveLBType := getAWSLoadBalancerTypeFromServiceAnnotation(service)
+		wantLBType := getAWSLoadBalancerTypeInStatus(ic)
+		if haveLBType == wantLBType {
+			switch haveLBType {
+			case operatorv1.AWSNetworkLoadBalancer:
+				if getAWSClassicLoadBalancerParametersInStatus(ic) != nil {
+					ic.Status.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.ClassicLoadBalancerParameters = nil
+				}
+			case operatorv1.AWSClassicLoadBalancer:
+				if getAWSNetworkLoadBalancerParametersInStatus(ic) != nil {
+					ic.Status.EndpointPublishingStrategy.LoadBalancer.ProviderParameters.AWS.NetworkLoadBalancerParameters = nil
+				}
+			}
+		}
+	}
+}
+
 // updateIngressControllerAWSSubnetStatus mutates the provided IngressController object to
 // sync its status to the effective subnets on the LoadBalancer-type service.
 func updateIngressControllerAWSSubnetStatus(ic *operatorv1.IngressController, service *corev1.Service) {
diff --git a/pkg/operator/controller/ingress/status_test.go b/pkg/operator/controller/ingress/status_test.go
index 7cc2118dd..9b2acfe90 100644
--- a/pkg/operator/controller/ingress/status_test.go
+++ b/pkg/operator/controller/ingress/status_test.go
@@ -2234,6 +2234,44 @@ func Test_IngressStatusesEqual(t *testing.T) {
 				[]operatorv1.EIPAllocation{"eipalloc-yyyyyyyyyyyyyyyyy", "eipalloc-xxxxxxxxxxxxxxxxx"},
 			),
 		},
+		{
+			description: "classicLoadBalancer parameters cleared",
+			expected:    false,
+			a: icStatusWithSubnetsOrEIPAllocations(
+				operatorv1.AWSClassicLoadBalancer,
+				nil,
+				[]operatorv1.EIPAllocation{"eipalloc-xxxxxxxxxxxxxxxxx"},
+			),
+			b: operatorv1.IngressControllerStatus{
+				EndpointPublishingStrategy: &operatorv1.EndpointPublishingStrategy{
+					Type: operatorv1.LoadBalancerServiceStrategyType,
+					LoadBalancer: &operatorv1.LoadBalancerStrategy{
+						ProviderParameters: &operatorv1.ProviderLoadBalancerParameters{
+							AWS: &operatorv1.AWSLoadBalancerParameters{},
+						},
+					},
+				},
+			},
+		},
+		{
+			description: "networkLoadBalancer parameters cleared",
+			expected:    false,
+			a: icStatusWithSubnetsOrEIPAllocations(
+				operatorv1.AWSNetworkLoadBalancer,
+				nil,
+				[]operatorv1.EIPAllocation{"eipalloc-xxxxxxxxxxxxxxxxx"},
+			),
+			b: operatorv1.IngressControllerStatus{
+				EndpointPublishingStrategy: &operatorv1.EndpointPublishingStrategy{
+					Type: operatorv1.LoadBalancerServiceStrategyType,
+					LoadBalancer: &operatorv1.LoadBalancerStrategy{
+						ProviderParameters: &operatorv1.ProviderLoadBalancerParameters{
+							AWS: &operatorv1.AWSLoadBalancerParameters{},
+						},
+					},
+				},
+			},
+		},
 	}
 
 	for _, tc := range testCases {