He said the additional annual expense of $300,000 also concerned him.

Under that program, the company hopes to cut about $300 million a year from annual expenses, which have been running at around $4 billion.

The cuts are expected to save about the same amount in annual expenses.

The company hopes to cut costs by $50 million a year, which is about 20 percent of American's annual expenses.

But the town can't even raise enough money to cover its annual expenses.

Those changes are expected to reduce annual expenses by $250 million.

It estimated that total annual expenses by 2012 would be $3.1 million.

That plan is designed to reduce annual expenses $200 million this year.

The combined company could also save about $15 million in annual expenses.

Its annual expenses eat up more than 1.9 percent of assets.