GerardArpey added that the world’s largest airline has seen an increase in bookings lately, but he repeatedly warned that American, which narrowly avoided bankruptcy several times in the past two months, is not out of the woods yet.
Arpey’s message to employees was to put battles with management behind them, including the acrimonious fight over $1.8 billion in annual concessions, and pull together for the good of the company.
Arpey said he hoped that a reduction in airline capacity could produce fare increases, and he shares the view of his predecessor, Donald Carty, that American can charge about 30 percent more than low-fare carriers because of its amenities.
Gerard J. Arpey was elected Chairman of AMR Corporation and American Airlines, Inc.
Arpey had been President and Chief Executive Officerof AMR and American, since April 2003, when he was first elected a member of the Board of Directors of both companies.
Arpey received a Bachelor of Business Administration Degree in 1980 and an MBA in 1982, both from the University of Texas at Austin.
Feeds |
Contact