American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

RTTNews | 742 days ago
Stocktwits
American Airlines Group Promotes Devon May To Succeed Derek Kerr As CFO

(RTTNews) - American Airlines Group, Inc. (AAL) announced Tuesday that Devon May has been named Chief Financial Officer, effective January 1, 2023, following a long-planned succession process. May, who is currently the airline's senior vice president of Finance and Investor Relations, will report to American's CEO Robert Isom.

American's current CFO Derek Kerr will step down from CFO role at end of year and remain at the airline as Vice Chair, President of American Eagle and Strategic Advisor. He will continue to lead American's Regional and Cargo teams and serve as a strategic advisor to the company.

May, who joined America West in 2002, has more than 20 years of airline industry experience across finance, operations, network planning and alliances. He previously served as senior vice president of Finance and American Eagle and senior vice president of Network Strategy.

Tags: AAL
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US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

US Airlines, Unions Urge Govt To Pause Addl. Flights Between US And China

Major airlines in the United States, along with its various unions, urged the Biden Administration to pause additional passenger flights between the country and China, citing anti-competitive policies of the Chinese government. Following the news, most of China-based airlines were trading lower on Friday. Air China Ltd shares fell 2.9 percent, while China Eastern Airlines Corp. Ltd. dropped 2.5
RTTNews | 256 days ago
American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines Boosts FY23 Outlook As Q3 Results Top Estimates

American Airlines reported Thursday a net profit for the second quarter that almost tripled from last year, reflecting operating revenue growth and lower operating expense, primarily aircraft fuel expenses. Adjusted earnings per share and quarterly operating revenues topped analysts' estimates. The company also raised its outlook for the full-year 2023.
RTTNews | 523 days ago
American Airlines Boosts Q2 System Capacity Outlook

American Airlines Boosts Q2 System Capacity Outlook

American Airlines Group Inc. (AAL) on Tuesday revealed in a Form 8-K filing that it now expects second-quarter system capacity (total available seat miles or ASMs) to be down about 8.5 percent from 2019 to about 66.2 billion ASMs, up from the prior guidance for a decline of about 7 to 8 percent.
RTTNews | 896 days ago
Japan Leading Index Data Due On Wednesday

Japan Leading Index Data Due On Wednesday

Japan will on Wednesday see October results for its leading and coincident indexes, highlighting a light day for Asia-Pacific economic activity.
RTTNews | 8h 33min ago
TSX Ends Shortened Session On Firm Note

TSX Ends Shortened Session On Firm Note

The Canadian market ended the shortened trading session on Tuesday modestly higher thanks to gains in energy and technology sectors. The volume of business remained rather thin as investors refrained from making significant moves ahead of Christmas and Boxing Day holidays.
RTTNews | 12h 50min ago
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