American Airlines taps insider Devon May as CFO

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An American Airlines jet at Dallas-Fort Worth International Airport. (Max Faulkner/Fort Worth Star-Telegram/Tribune News Service via Getty Images)
Max Faulkner | Fort Worth Star-telegram | Getty Images

American Airlines said on Tuesday that Devon May will become the company's chief financial officer starting in January.

May, who is currently the airline's senior vice president of finance and investor relations, will succeed Derek Kerr.

Kerr will remain at the carrier as vice chair, president of American Eagle and strategic adviser.

The move comes at a time when the carrier faces the task of fixing its debt-laden balance sheet amid a strong rebound in travel.