It is not good thinking – either at the corporate level or at the personal level – to believe you can simply walk away from your circumstances. Gerard Arpey Read Quote
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 Read Quote
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 Read Quote
We have, unlike many of our competitors, continued to meet our various financial obligations. Gerard Arpey Read Quote
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 Read Quote
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 Read Quote
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 Read Quote
Our Fly Smart philosophy is about investing only on those points of differentiation that pay for themselves, that earn a revenue premium commensurate with what it costs us to provide that product or service. Gerard Arpey Read Quote
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 Read Quote
