The sale of ASA to SkyWest represents another important milestone in Delta's transformation as it enhances our ability to operate our business as efficiently and cost effectively as we can,

If it needed emphasis, underline and exclamation point, Katrina did that,

Delta's financial problems are severe, but not insurmountable,

The action we have taken is a necessary and responsible step to preserve Delta's value.

The action we have taken is a necessary and responsible step to preserve Delta's value for our creditors, customers, employees, business partners and other stakeholders as we address our financial challenges and work to secure our future.

There is no painless way out of this,