American Airlines Chairman and CEO Gerard Arpey said the carrier needs at least $1 billion in additional annual savings to keep pace with rivals restructuring through bankruptcy and "just to keep even with our costs last year," and has evaluated replacing the JT8D-200 engines on its MD-80 fleet to save fuel. Speaking at the Bear Stearns Global Transportation Conference, available via webcast, Arpey said rivals United Airlines, Northwest Airlines, Delta Air Lines and US Airways "leveraged ...

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