Donald Carty Quotations

I have declared a state of emergency at American Airlines. This declaration is an official recognition that hard as it may be to accept our company's very survival depends on dramatic change to our operations, our schedule, and worst of all our staffing levels.

Most of our pilots are reporting to work, but those who are not have created an untenable situation.

We are obviously disappointed that the illegal job action undertaken by the Allied Pilots Association leadership so dramatically impacted our first-quarter financial results.

While we continue to be concerned about the price of fuel, we are encouraged by the strength of the U.S. economy and more favorable recent trends in industry capacity.

The success of our efforts is not assured.

As you would imagine, today's news comes at a difficult time for the nation, a difficult time for the airline industry and a very difficult time for American Airlines.

Although fuel costs were up sharply from last year, the increase was dampened to a large degree by our ongoing fuel hedging program.

AMR is pleased to have reached a reasonable, constructive and mutually beneficial agreement that we think fairly addresses our ownership position in Canadian and provides for American?s continued access to the Canadian marketplace.