First, we have to lower our costs to levels that are more competitive. This will prevent the lower-cost airlines from pushing us out of the markets we want to serve. We've made great progress on this front, but we need to keep pushing.

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

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.

Our Fly Smart philosophy is about investing only on those points of differentiation that pay for themselves, that earn a revenue premium commensurate with what it costs us to provide that product or service.

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.

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.

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.

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.

We need to take excellent care of our customers, and do so at a profit.

First, we have to lower our costs to levels that are more competitive. This will prevent the lower-cost airlines from pushing us out of the markets we want to serve. We've made great progress on this front, but we need to keep pushing.

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

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.

Markets that don't work we're going to step away from.

But I definitely see us playing a major role in St. Louis in the years to come. We already provide service to 95 percent of the markets St. Louis travelers visit the most. And we're adding capacity in some of the most important markets.

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.

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.

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.

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.

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.

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.

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.

The principal rule of art is to please and to move. All the other rules were created to achieve this first one.

All enterprises that are entered into with indiscreet zeal may be pursued with great vigor at first, but are sure to collapse in the end.

Let me first state that I believe that marriage is a sacred union between one man and one woman.

Entropy theory is indeed a first attempt to deal with global form; but it has not been dealing with structure. All it says is that a large sum of elements may have properties not found in a smaller sample of them.

There is no need to do any housework at all. After the first four years the dirt doesn't get any worse.

The avantgarde are people who don't exactly know where they want to go, but are the first to get there.

I never taste the wine first in restaurants, I just ask the waiter to pour.

After the first miscarriage, I tried to take the attitude that it was my body's way of telling me that this pregnancy wasn't meant to be.

Before and during the first phase of the war his administration repeatedly maligned the UN but now, that Iraq has turned into a quagmire, it is asking the UN for help.

You look at the whole Human Rights questions, I happened to be there at just the right time when the country was awakening - this goes to the first question you asked - the whole country was awakening to a hundred years of injustice that hadn't been resolved yet.

So, first you have to be able to play with a metronome. Then you take your freedom. If you play in an orchestra, you got to watch the conductor, he is like a metronome, but it is more difficult because he can change rhythms.

My first figure was a SLAYER eagle. And the dragons and the tribals are all I have got.

We're parents first, and once you have kids, everybody knows that you have priority lists. Number one is your family and everything else just kind of finds its place.

Everything has to be pulling weight in a short story for it to be really of the first order.

But in the first Gulf war the United Kingdom was not under any threat from Iraq, and is still less so in the second one. Then there is no justification for obstructing freedom of information, particularly as nations have a right to know what their soldiers are being used for.

I sort of understood that when I first started: that you shouldn't repeat a success. Very often you're going to, and maybe the first time you do, it works. And you love it. But then you're trapped.

Working-class Americans have waited too long, close to a decade in fact, for an increase in the minimum wage. This has been the second longest period without a pay raise since the Federal minimum wage law was first enacted in 1938.

The first thing you do when you get out to center field is put up your finger and check the wind chill factor.

Christians must be Jews. The truth of what we believe depends on the truth of Judaism, depends on the first covenant.

The international proletariat first appeared on the scene in the early Thirties of the nineteenth century, and its first great action was the French Revolution of 1848.

Success requires first expending ten units of effort to produce one unit of results. Your momentum will then produce ten units of results with each unit of effort.

I want to be the first lady to land a quadruple jump in competition. As I grow older, I know that my skating style will develop and mature.

I bought my first camera in Seattle, Washington. Only paid about seven dollars and fifty cents for it.

Let the one among you who is without sin be the first to cast a stone.

Obviously I faced the possibility of not returning when first I considered going. Once faced and settled there really wasn't any good reason to refer to it.

You know why there's a Second Amendment? In case the government fails to follow the first one.

I think the theme of the album probably was just that it was our first record.