We remain open to exploring various options to attain the needed labor costs savings but we need to resolve the issue quickly.

We are in intensified negotiations with union leaders in order to reach consensual agreements that reduce labor costs by $1.4 billion annually.

This is not a paradigm shift. This doesn't say anything about the swing in power between management and labor. This is a circumstance that pertains to the nature of negotiations between Northwest and one of its unions. It doesn't indicate a pattern or precedent that is likely to continue with other unions.

To operate at a profit, we must invest in these aircraft, and we must do so quickly.

Realizing these goals will result in $2.5 billion in overall profit improvement.

Our third-quarter results clearly demonstrate the need for Northwest to restructure expeditiously.