It's taken us some time to truly understand what is needed to do it.

The market's confidence in the new US Airways is extremely gratifying, and is evidenced by today's announcement and backed further by the recent sale of our former government-backed loans. While we have much work to do to successfully complete the integration of our two airlines, we are confident that we have taken the right steps to adequately fund a firm foundation for our new airline.

Today's results reflect overwhelming support for our proposed merger with US Airways, which will create a stronger airline that offers improved job stability for our employees, expanded service for our customers and a more long-term, viable investment for our stockholders.

The biggest news from our third quarter 2005 was the completion of the US Airways/America West merger, and obviously our third-quarter results do not yet include any of the expected positive effects from that merger.

I think it is going to take some time for us to absorb what happened.

The audience has been telling us for a long time that they want to see more, so we thought we'd try and give them what we have.