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 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.

When he was twenty-three or twenty-four my father began to learn German and read philosophy in his spare hours, which did not look as though he were destined to remain long on board ship!

I am now convinced that theoretical physics is actually philosophy.

There is no need for temples, no need for complicated philosophies. My brain and my heart are my temples; my philosophy is kindness.

Philosophy finds it an easy matter to vanquish past and future evils, but the present are commonly too hard for it.

In Hungary, acting is a career for which one fits himself as earnestly as one studies for a degree in medicine, law, or philosophy.

I'm working harder than ever now, and I'm putting on my pants the same as I always have. I just get up every day and try to do a little better than the day before, and that is to run a great restaurant with great food, great wine, and great service. That's my philosophy.

It's clear to me that there is no good reason for many philosophy books to sound as complicated as they do.

Philosophy begins in wonder. And, at the end, when philosophic thought has done its best, the wonder remains.

I'd like to do policy and I'd like to do philosophy, I'd like to be able to get into the depth, into the meat of the argument - that's the kind of stuff I want to do.

Aphorisms are the true form of the universal philosophy.

We live in a world in which politics has replaced philosophy.

I never considered a difference of opinion in politics, in religion, in philosophy, as cause for withdrawing from a friend.

I have two children. I have a daughter 29, and a daughter four. They are 25 years apart, so you speak about generations and I must tell you, I have a philosophy and that is every 25 years I'm going to sire another child.

What is your aim in philosophy? To show the fly the way out of the fly-bottle.

Even if we don't know it or aren't aware of it, politics and philosophy are really what make our up lives.

There is no religion in which everyday life is not considered a prison; there is no philosophy or ideology that does not think that we live in alienation.

In philosophy, it is not the attainment of the goal that matters, it is the things that are met along the way.

Punk rock really came out of N.Y. as a philosophy before the groups were ever recorded. I had a kind-of intellectual interest in the idea of creating a new scene that could be a grassroots thing.

We have to make philosophy itself an object of philosophical concern.

When truth has no burning, then it is philosophy, when it gets burning from the heart, it becomes poetry.

It's almost like a lot of black people in America, a lot of young black men, are born with this cloud over their heads. It's their penitentiary cloud, this philosophy we all have, that it's harder for us.

Skepticism is the first step on the road to philosophy.

The proverbial philosophy of a people helps us to understand more about them than any other kind of literature.

However, while the Nazi barbarians and their collaborators threatened the entire world, I could not accept his philosophy and, after several earlier attempts, was finally accepted into the Canadian Infantry Corps during the last year of World War II.

Kant introduced the concept of the negative into philosophy. Would it not also be worthwhile to try to introduce the concept of the positive into philosophy?

My philosophy was, if I just do good work, someone will like it enough to employ me. It never made me famous. And I'm way, way too old now, mate. That boat's sailed.

I have a new philosophy. I'm only going to dread one day at a time.