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.<br/>
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Alaska Air Group said Tuesday it plans to resume share repurchases early next year as carriers see a rebound in travel demand globally. As part of the federal COVID-19 relief package, carriers were prohibited from buying back their shares. The ban, however, had expired on Sept. 30. Demand for air travel, which slumped during the pandemic, has roared back, helping carriers post their strongest earnings in three years. Alaska, whose repurchases next year are expected to range from $75m to $100m, said its demand outlook for the rest of the current quarter remains strong despite a modest softening in corporate travel bookings. The repurchase plan comes months after aviation unions said that carriers should invest in their workers and fix operational issues, before resuming share buybacks.<br/>
Hong Kong's Cathay Pacific said Tuesday the group is on track to achieve target of operating up to one-third of pre-pandemic passenger flight capacity levels by end of this year and aims to return to pre-pandemic levels by the end of 2024. The airline remains fully committed to rebuilding the connectivity of the Hong Kong international aviation hub, it said in a statement which came after Hong Kong dropped curbs on incoming travellers.<br/>