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American Airlines president: 'We are ending the era' of spending lots of money

Posted: 9:04 AM, Sep 09, 2019
Updated: 2019-09-09 12:04:00-04
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American Airlines has the newest fleet of any of the major U.S. carriers, and it's come at a significant cost.

American Airlines Group, Inc. has spent almost $30 billion over the past six years, which is "probably more than has been spent in commercial aviation history," Robert Isom , American president, said at an industry conference Wednesday.

"We are ending the era of extraordinary capital expenditures," Isom told a crowd at the Cowen Global Transportation Conference.

American has invested in new aircraft, new facilities and other ways to strengthen operations.

Read more from the Phoenix Business Journal.