When it comes to pinching pennies, few full-fare airlines can match American. During his long tenure as American Airlines’ chief executive, Robert Crandall loved to boast that his decision to remove a single olive from passengers’ dinner salads saved $40,000 a year.

Here’s BusinessWeek’s cover story on American Airline’s all-out fuel-efficiency drive that may put it back in the black.

‘If we persist in this idea that innovation will only come from within America, I think we’re going to miss out on the next Sun Microsystems, Google and Intel,’ says Schwartz.

Complete interview at Newsweek