But the St. Louis experience, perhaps better than anything else, illustrates just how much our industry has changed during the past three years.
More Quotes from Gerard Arpey:
Even with strong demand for air travel, we have been able to pass only a very small portion of that increase on to our customers.Gerard Arpey
a downtown monopoly that would be a windfall for them and certain damage to American Airlines, North Texas and many smaller communities around the country.
Gerard Arpey
We continued the hard work of integrating TWA, because at that time we still thought an efficient connecting hub in St. Louis could be a profitable addition to our network.
Gerard Arpey
All of us are thrilled to welcome Tom Horton back to the leadership team. His broad knowledge of the challenging airline industry and keen understanding of the financial markets will be enormous assets to AMR as we continue the vital work of restoring the company to sustained profitability in a global aviation marketplace.
Gerard Arpey
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.
Gerard Arpey
Just to cover the increase in fuel costs over the past two years, American would have had to raise fares nearly $75 per round-trip ticket. During this time period, our average fare increased by only $15.
Gerard Arpey
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