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

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

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.

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

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.

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

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.