This is creative accounting, to be gracious about it. There is no way $6.3 billion of the airlines' losses are attributed to security.

The film industry is famous -- or infamous -- for its creative accounting techniques that can turn obvious profits into paper losses, so fooling a bunch of state bureaucrats would be child's play.

At least at that point they had no problem with the accounting.

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.

By allowing Delta to merge with Continental or Northwest, we would have three extremely large airlines accounting for 75 percent of market. But it would be harder for American and United to dominate Delta if Delta were to merge.

There was no improper accounting of money. All money was appropriately accounted for,