In April of 2003, Carty and his executive board struck a cost-cutting deal with American's labor unions, intended to mitigate AMR's upcoming $1 billion first-quarter loss. The deal unraveled several days later, when unions learned that AMR executives were keeping $41 million in retention bonuses. Several AMR board members, most notably University of Oklahoma president David Boren, called for Carty's resignation.
DonaldJ. Carty serves as vice chairman and chief financial officer.
Carty is responsible for all controller functions, corporate planning, tax, treasury operations, investor relations, corporate development, real estate, risk management and development of internal audits.
Carty had been American's senior vice president and controller before leaving the airline in March 1985 to become president and CEO of CP Air in Canada.
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