We know customers have a choice when they fly, and we know they value an on-time schedule. Everyone on the Delta team is doing everything we can to meet that expectation.

We are committed to providing multiple distribution options that are both preferred by our customers and offer attractive economics to Delta.

Although we're making progress, we've clearly got more work ahead of us to improve baggage performance for our customers. We are committed to moving into the top-tier of this category in 2006.

Our 2005 salesperson of the year award winners have brought great value to Choice as a result of their efforts. The franchise sales team had another record-breaking year with 639 executed contracts in 2005, continuing our pattern of record growth from 2004 and establishing a standard by which we will measure 2006.

We are making the strategic choice to establish two financially strong and independent companies that will deliver greater value to our shareowners,

Consumers come to retail stores to have a choice. As the industry consolidates, we need to provide that choice.