One of our most difficult realizations was that - in the course of two years - a connecting hub in St. Louis had gone from something we thought we needed to something we could no longer afford.
More Quotes from Gerard Arpey:
This airline is grateful for his extensive contributions and we will miss his friendship and support. We extend our deepest sympathies to the Casey family on its personal loss.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
Our fourth-quarter results close the book on another very difficult year.
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
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
I think in just about any business the low cost competitor is always going to have an advantage.
Gerard Arpey
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