These are times of unprecedented challenge and change in the airline industry, and the appointments we are announcing today will put American in an even stronger position to continue the substantial progress that has already been made under the tenets of our Turnaround Plan.
More Quotes from 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
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
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
Second, we have to make the most of the strengths we have, the amenities that many of our competitors cannot replicate. But again, those advantages won't mean much if we don't do a great job with the basics of our business.
Gerard Arpey
Our fourth-quarter results close the book on another very difficult year.
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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Based on Topics: Business & Commerce Quotes, Planning QuotesBased on Keywords: airline, announcing, appointments, tenets, turnaround
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