American Airlines is "looking under every rock" for additional cost savings and has launched initiatives "that we believe will save us $700 million year-over-year," AMR Corp. Chairman and CEO Gerard Arpey said at yesterday's annual shareholders' meeting. Citing rising fuel prices, employee medical costs and facility charges, he stated, "Just to keep costs flat with last year we would need more than $1 billion in savings" (ATWOnline, May 11). The carrier is "moving aggressively" in tackling ...

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