Tom Horton Quotes
The softening U.S. economy has driven a sharp reduction in demand for business travel... At the same time, fuel prices remain persistently high. We don't foresee a near-term recovery in demand so we expect the balance of the year to be very challenging. 
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Softening | Economy | Driven | Sharp | Reduction |
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This action is consistent with similar steps American has taken during recent months to better align capacity with lower demand... This is a very difficult time in the airline business, and we see no near-term improvement. We will continue to evaluate further cuts in capacity and capital spending as conditions warrant.
- Tom Horton
