From the moment in 2003 when he took over as American Airlines (AA) chairman and CEO, replacing Don Carty just as the Dallas-based carrier was narrowly avoiding a Chapter 11 filing, Gerard Arpey spent eight years trying to prove that a major US legacy airline could both avoid bankruptcy and achieve sustained profitability. With Tuesday's announcement that AA parent AMR Corp. has filed for Chapter 11 protection and Arpey has stepped down, the airline finally came to the conclusion ...

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