Gerard Arpey Quotes
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However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.
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The executive moves we are announcing today will strengthen American for the long-term future and reflect well on the depth of the Company's management team.
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But I don't think the popularity of flying has diminished a bit.
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We need to take excellent care of our customers, and do so at a profit.
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We have, unlike many of our competitors, continued to meet our various financial obligations.
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I think in just about any business the low cost competitor is always going to have an advantage.