Having been in the bowels of the beast I'm suspect of the quotes that the margins are thin. American and other traditional carriers (unlike Southwest) waste loa

Having been in the bowels of the beast I'm suspect of the quotes that the margins are thin. American and other traditional carriers (unlike Southwest) waste loads of cash maintaining a way of doing things that hails from the 1960's. I used to walk around imagining all the waste I would slash if I were CEO. It is truly appalling once you've seen it from the inside. EDIT: Corrected spelling