Skip to Content

American Airlines CFO on fixing balance sheet after pandemic

yonkershonda.com / CC BY-SA 2.0

By DAVID KOENIG
AP Airlines Writer

FORT WORTH, Texas (AP) — Derek Kerr might have the hardest job in the airline business. He’s the chief financial officer of American Airlines, and that means it’s his job to fix a balance sheet that has been battered by borrowing money so American could survive the pandemic. American has the most debt among all U.S. airlines, and its credit rating is several notches below investment grade. Kerr talked to The Associated Press recently as American is trying to navigate through a bumpy recovery in which revenue is rising, but so are costs like fuel and labor.

Article Topic Follows: AP National Business

Associated Press

BE PART OF THE CONVERSATION

KRDO NewsChannel 13 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content