Back in 2003, AA was hours away from filing for Ch.11 if their weren't concessions agreements from the unions. The unions agreed to concessions, and I would argue that AA's employees are better off because of it, as they make more than any of the other legacy carriers (save Southwest). AA employees still have benefits and pensions, which is more than the people at UA, US, NW and DL can say.
Yes, the executives shouldn't have taken those bonuses. Yes, Arpey is a beancounter without a real vision on how to distingush American from the rest of the airlines in the skies. But, he is a good bean counter and has kept the airline on a pretty steady keel until oil prices soared north of $100 a barrel.