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.

Quote by Gerard Arpey

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Our planes should be full, which among other things means we have a golden opportunity......

Our planes should be full, which among other things means we have a golden opportunity......

Second, we have to make the most of the strengths we have, the amenities that...

Second, we have to make the most of the strengths we have, the amenities that...

That doesn't mean you have to have the lowest costs in the industry to succeed....

That doesn't mean you have to have the lowest costs in the industry to succeed....

I think in just about any business the low cost competitor is always going to...

I think in just about any business the low cost competitor is always going to...

This airline is grateful for his extensive contributions and we will miss his friendship and...

This airline is grateful for his extensive contributions and we will miss his friendship and...

These are times of unprecedented challenge and change in the airline industry, and the appointments...

These are times of unprecedented challenge and change in the airline industry, and the appointments...

At American Airlines, we have built a business around the love of travel that has...

At American Airlines, we have built a business around the love of travel that has...

But I definitely see us playing a major role in St. Louis in the years...

But I definitely see us playing a major role in St. Louis in the years...

One of our most difficult realizations was that - in the course of two years...

One of our most difficult realizations was that - in the course of two years...

The executive moves we are announcing today will strengthen American for the long-term future and...

The executive moves we are announcing today will strengthen American for the long-term future and...

Markets that don't work we're going to step away from.

Markets that don't work we're going to step away from.

Our Fly Smart philosophy is about investing only on those points of differentiation that pay...

Our Fly Smart philosophy is about investing only on those points of differentiation that pay...

But I don't think the popularity of flying has diminished a bit.

But I don't think the popularity of flying has diminished a bit.

We have, unlike many of our competitors, continued to meet our various financial obligations.

We have, unlike many of our competitors, continued to meet our various financial obligations.

However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year...

However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year...

First, we have to lower our costs to levels that are more competitive. This will...

First, we have to lower our costs to levels that are more competitive. This will...

Despite the painful changes we have had to make, we continue to believe in the...

Despite the painful changes we have had to make, we continue to believe in the...

We need to take excellent care of our customers, and do so at a profit.

We need to take excellent care of our customers, and do so at a profit.

This airline is grateful for his extensive contributions and we will miss his friendship and...

This airline is grateful for his extensive contributions and we will miss his friendship and...