- Dec 21, 2002
Ya gotta love it when Carty says that the American''s problems were not just the result of 9/11. He has stated that as early as early-2001, the airline industry was headed for trouble as the economy started to go soft. So he was aware that AA was going to have revenue troubles about two years ago. So why did he purchase TWA? He should be held accountable by the board of directors as to why he embarked on one of the all time great blunders in the industry. He knew AA was heading for a downturn but went ahead and purchased a bankrupt company, assumed their debt, satisfied their pension plan only to send AA into a tailspin. And now the employees have to sacrifice to save the company. Good deal, wouldn''t you say?