Our fourth-quarter results close the book on another very difficult year.
More Quotes from Gerard Arpey:
First, we have to lower our costs to levels that are more competitive. This will prevent the lower-cost airlines from pushing us out of the markets we want to serve. We've made great progress on this front, but we need to keep pushing.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
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
At American Airlines, we have built a business around the love of travel that has lasted three quarters of a century. And I'm pretty sure we're just getting started.
Gerard Arpey
maybe the odds are less than 50-50 after yesterday.
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
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