It's been a very difficult year for the employees that have been affected. But we are now seeing the benefit of these decisions.

We are reducing the number of employees to operate more efficiently.

We don't believe a strike is in the best interests of our customers, employees and the hundreds of communities we serve each day. We believe a strike by our unions would be illegal under bankruptcy law and the Railway Labor Act.

We're very pleased to report an adjusted net profit for what is seasonally our weakest quarter. Our people are working hard to provide excellent value for our customers and improve efficiency. Add to that a fare environment that allows us to recover a greater portion of our high fuel costs, and we've got a great start to the year.

Sacrifices by our employees, strong revenue performance and the benefit of our fuel hedging program enabled us to be one of only a couple of major airlines that posted a significant adjusted profit for 2005.

The steady demand for our product in the face of fare increases indicates that the market currently is less price-sensitive that it has been in the past. It also tells us that we are hitting the mark in delivering customer value.