The changes to the executive structure reinforces the commitment that WestJet has to its guests, ... Russ' proven leadership and business judgment as an executive will help further strengthen our WestJet Executive team.

And some of our American shareholders asked us if we would consider it and we certainly saw no reason why not to do it.

For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.

These numbers indicate the capacity we are adding into the system continues to be absorbed by the market,

These numbers point to us producing stronger first quarter results than last year as we continue to see improvements in both load factors and yield.

It's a very large software system. It's a huge project. Our hope is that by the summer of 2006, we'll have it in place. We have been limited in the past from offering service upgrades or refundable tickets or multiple changes without fees.

It may not be quite at the same prime times or the same prime times of the year that they might like, but the fact is there will still be opportunities.

Foreign ownership has declined somewhat in recent months with the run-up in the price of fuel, as the sector's been a little bit out of favor, but it's still worth our while to do it (reclassify the shares) in preparation for when that reverses,

This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.

As a founding member of our organization, Don's focus on our corporate culture has assisted WestJet in becoming a leader in our industry. ... His new role in this important aspect of our organization will set the stage for continued success.