Today's decisive action will provide us with the flexibility necessary in a changing business environment. Adjusting our cost structure is a significant first step and demonstrates our commitment to restoring shareholder value.

Owning our own business has given us the flexibility to spend time with our own kids.

It would open us up to workplace causes of action such as sexual harassment and hostile environment and things of that nature, ... This is the kind of thing that just can't be done in the workplace ... It runs the risk of offending people.

This plan will give us a modern fleet offering maximum flexibility, lower seat-mile costs and greater fuel efficiency.

These will to some extent contribute to a more challenging business environment for the property market.

We believe that these initiatives, together with improved cash flow from business operations, have enhanced our financial flexibility. We currently have sufficient resources to retire the remaining '06 convertible notes at maturity and based on current forecasts we believe we will have sufficient liquidity available to satisfy the $146 million of 5% convertible notes due March 2007. As previously announced, during the first quarter of 2006 we purchased in the open market $30 million face value of our outstanding $471 million aggregate principal amount of 9.25% Senior notes due February 2008.