American Airlines Vows to Rebound After Brutal Summer, Says CFO
Skift Take
American Airlines had a tough summer, with labor issues and the grounding of its 24 Boeing 737 Max aircraft. But Chief Financial Officer Derek Kerr said at Skift Global Forum that these two areas are at the top of management's agenda for next year.
American Airlines' tough summer, disrupted by the grounding of the Boeing 737 Max and labor travails with its mechanics union, was undeniably difficult, but Chief Financial Officer Derek Kerr vowed these issues will be resolved next year, he said at Skift Global Forum in New York.
The Max grounding is beyond American's control, of course. Regulators worldwide grounded the state-of-the-art 737 Max after two fatal accidents, the most recent in March when an Ethiopian Airlines 737 Max crashed shortly after takeoff. Boeing is working on a software fix for the flight-control system thought to be responsible for the two accidents. It remains unclear when the airc