>>I don't think there is anything wrong with the AA
livery but i would not mind seeing a more modernized version of it when they can get back in the red.<<
Ummm... they are in the red. Do you mean when they get back in the black??
Also, there is very little additional costs to painting a new livery... they just paint the plane when it is scheduled to be repainted anyway.
The additional cost comes when a company introduces an entirely new brand... not only do you have a new livery, but new signage, printed collateral, etc.
kept the basic components of its visual identity and just tweaked the livery, they could do it now if they wanted.
I believe a livery is very important... it's the largest representation of an airline's visual identity and branding... a company's brand is everything. It represents all a company stands for and what it promises its customer.
An unexamined life isn't worth living.