We continue to face significant challenges.

I want to thank the IAM leadership and its negotiating team for working together with Continental to get this deal done within the deadline set by the National Mediation Board. Now, we must go forward and get this agreement ratified.

This is just one small way that we can help to meet the immediate needs of the many evacuees in desperate need of help.

Continental's flexible growth plan is generating both strong earnings momentum and cash flow.

As we head into 2006 we continue to face low cost carrier competition in our domestic markets, a weak domestic fare environment, high fuel costs, and we expect to report a significant loss in the first quarter of 2006.

My fellow co-workers and I extend our heartfelt sympathies to the family and friends of the mechanic involved in this tragic event.

Continental is in solid financial shape. We're acquiring the right planes at the right price at the lowest interest rates in years.