We study periodic inversion and phase transition of normal, displaced, and chirped finite energy Airy beams propagating in a parabolic potential. This propagation leads to an unusual oscillation: for half of the oscillation period the Airy beam accelerates in one transverse direction, with the main Airy beam lobe leading the train of pulses, whereas in the other half of the period it accelerates in the opposite direction, with the main lobe still leading - but now the whole beam is inverted. The inversion happens at a critical point, at which the beam profile changes from an Airy profile to a Gaussian one. Thus, there are two distinct phases in the propagation of an Airy beam in the parabolic potential - the normal Airy and the single-peak Gaussian phase. The length of the single-peak phase is determined by the size of the decay parameter: the smaller the decay, the smaller the length. A linear chirp introduces a transverse displacement of the beam at the phase transition point, but does not change the location of the point. A quadratic chirp moves the phase transition point, but does not affect the beam profile. The two-dimensional case is discussed briefly, being equivalent to a product of two one-dimensional cases.