Gerard Arpey
Gerard Arpey
Gerard J. Arpeyis the former Chairman, President, and Chief Executive Officerof AMR Corporation, parent company to American Airlines...
NationalityAmerican
ProfessionBusinessman
Date of Birth26 July 1958
CountryUnited States of America
airline american-businessman announcing challenge change continue position stronger turnaround
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.
build focus great help james leader progress select success wish
We wish James every success in his new position. Our focus now will be to select a leader who will help us build on the great progress we've made.
less maybe odds
maybe the odds are less than 50-50 after yesterday.
american-businessman connecting course difficult gone hub longer louis needed
One of our most difficult realizations was that-in the course of two years-a connecting hub in St. Louis had gone from something we thought we needed to something we could no longer afford.
certain damage downtown monopoly north smaller texas
a downtown monopoly that would be a windfall for them and certain damage to American Airlines, North Texas and many smaller communities around the country.
devote eating energy money running
This is eating up time, money and energy we would like to devote to running our business,
american-businessman contracts cut enormous involve recognize sacrifices woods work
I recognize these new contracts involve enormous sacrifices by our employees. We have our work cut out for us; we are not out of the woods yet.
built days early guided management skilled team
He assembled a management team who, under his skilled leadership, guided American through the early days of deregulation and built it into one of the world's preeminent airlines,
commend company contracts cut enormous involve move recognize sacrifices step taking woods work
I commend you in taking this step to move the company forward, ... I recognize these new contracts involve enormous sacrifices by our employees. We have our work cut out for us; we are not out of the woods yet.
care needs brilliant
We need to take excellent care of our customers, and do so at a profit.
financial obligation competitors
We have, unlike many of our competitors, continued to meet our various financial obligations.
years aggravation decision
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.
team moving long
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.
thinking flying popularity
But I don't think the popularity of flying has diminished a bit.