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However, the economics of our business continued to deteriorate. We barely escaped bankruptcy a year ago, and in the aftermath of that escape we had to make some even tougher decisions.

Gerard Arpey

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Gerard Arpey
Age: 66
Born: 1958
Born: July 26
Businessperson
New York City
New York
Make
Economics
Aftermath
Decisions
Escaped
However
Aggravation
Decision
Tougher
Year
Bankruptcy
Business
Barely
Even
Continued
Years
Escape
Deteriorate

More quotes by Gerard Arpey

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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.
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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.
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But I don't think the popularity of flying has diminished a bit.
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We have, unlike many of our competitors, continued to meet our various financial obligations.
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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.
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I think in just about any business the low cost competitor is always going to have an advantage.
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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.
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