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.

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.

Democracy cannot succeed unless those who express their choice are prepared to choose wisely. The real safeguard of democracy, therefore, is education.

A failure establishes only this, that our determination to succeed was not strong enough.

Take life slowly and deliberately, making sure to acknowledge the people who have helped you succeed along the way.

I'd rather attempt to do something great and fail than to attempt to do nothing and succeed.

It takes a lot more energy to fail than to succeed, since it takes a lot of concentrated energy to hold on to beliefs that don't work.

It's not enough that I should succeed - others should fail.

I feel like I'm a fighter. I've fought my whole life to get to where I'm at. I like fight movies. When someone gets knocked down, I like to root for him to succeed.

New technologies such as solar systems or hybrid cars aren't created overnight. By extending these tax credits we are giving this industry time to grow, branch out and succeed.

To succeed in business it is necessary to make others see things as you see them.

There's a flipside to this; if you as an individual have the right to live on your own terms, you must have the right to both succeed and fail on them.

I don't know what keeps me going. Sometimes I wonder... I think it's just pure perseverance and wanting to succeed and having that burning desire to always have success.

Two kinds of men generally best succeed in political life; men of no principle, but of great talent; and men of no talent, but of one principle - that of obedience to their superiors.

The person who tries to live alone will not succeed as a human being. His heart withers if it does not answer another heart. His mind shrinks away if he hears only the echoes of his own thoughts and finds no other inspiration.

Don't settle for style. Succeed in substance.

Small businesses are the number one job creators in America. Therefore, it is important that the federal government creates an environment that helps them succeed, not one that sets them up to fail.

To fail is a natural consequence of trying, To succeed takes time and prolonged effort in the face of unfriendly odds. To think it will be any other way, no matter what you do, is to invite yourself to be hurt and to limit your enthusiasm for trying again.

Our greatest privilege and responsibility as leaders of the House Committee on Veterans' Affairs is to provide our veterans with a system that cares for their wounds and ensures that they have an opportunity to succeed.

It is better to fail in originality than to succeed in imitation.

I believe in the America people's ability to govern themselves. If government would just get out of the way and allow them to lead their lives as they choose, they will succeed.

You've got to be a disciplined person if you want to succeed both in sport and in life.

Several professional athletes have wrongly taught many young Americans by example that the only way to succeed in sports is to take steroids.

To succeed it is necessary to accept the world as it is and rise above it.

Life is the art of being well deceived; and in order that the deception may succeed it must be habitual and uninterrupted.

If we don't succeed we run the risk of failure.

It is impossible for our working people to maintain their full strength if they do not succeed in obtaining a sufficient supply of fat, allotted to them on a proper basis.

There is no longer time for statements like "if only" or "we can't." We must and we will succeed. The only question now is how and when. I believe the time is now.

Beckham is unusual. He was desperate to be a footballer. His mind was made up when he was nine or ten. Many kids think that it's beyond them. But you can't succeed without practising at any sport.