And some of our American shareholders asked us if we would consider it and we certainly saw no reason why not to do it.

We'll be profitable in the third quarter. There's no question about that.

Some people worry that we're going to make the same mistakes that Canadian Airlines did, and I say, 'No, we're not, because we have a much lower cost structure.' And it's not frills that we'll be adding. It's convenience.

The changes to the executive structure reinforces the commitment that WestJet has to its guests, ... Russ' proven leadership and business judgment as an executive will help further strengthen our WestJet Executive team.

This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.

Foreign ownership has declined somewhat in recent months with the run-up in the price of fuel, as the sector's been a little bit out of favor, but it's still worth our while to do it (reclassify the shares) in preparation for when that reverses,