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
addition american-businessman continued efficient hard hub louis profitable time work
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.
american-businessman work
Markets that don't work we're going to step away from.
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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.
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.
airline assets aviation broad company continue enormous financial global industry keen knowledge leadership markets restoring sustained thrilled tom understanding vital welcome work
All of us are thrilled to welcome Tom Horton back to the leadership team. His broad knowledge of the challenging airline industry and keen understanding of the financial markets will be enormous assets to AMR as we continue the vital work of restoring the company to sustained profitability in a global aviation marketplace.
book books-and-reading close difficult results
Our fourth-quarter results close the book on another very difficult year.
american-businessman changed industry louis past perhaps three
But the St. Louis experience, perhaps better than anything else, illustrates just how much our industry has changed during the past three years.
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I would be disingenuous if I said I wasn't concerned, ... I think the capacity additions I've read about may not necessarily prove profitable for those that are entering those markets.
believe corporate either good level personal simply
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.
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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.
american-businessman among build golden means planes reflected reporting results
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.
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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.
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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.
add american-businessman believe business careful continue demands despite hoping improve louis painful public traveling
Despite the painful changes we have had to make, we continue to believe in the St. Louis market. And we are hoping to add flights, in a careful way, as the economics of our business improve and the demands of the traveling public in St. Louis become clear.