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.
More Quotes from Gerard Arpey:
That doesn't mean you have to have the lowest costs in the industry to succeed. But you need to make sure the activities and product attributes that increase your costs above the other guy bring in at least that much more in revenue, and hopefully more.Gerard Arpey
I think in just about any business the low cost competitor is always going to have an advantage.
Gerard Arpey
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.
Gerard Arpey
Our planes should be full, which among other things means we have a golden opportunity... to build on the momentum reflected in the financial results we are reporting today.
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
This is eating up time, money and energy we would like to devote to running our business,
Gerard Arpey
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