Yes. Thank you very much.
One reason we speak about Australia is due to the striking similarities with Canada in terms of territory and population density. Our understanding is that in their system they are operating under what they call literally a “soft touch” regulation regime that over the last 10 years has, according to the Australian consumer protection agency, resulted in increases in fees for both passengers and airlines of $1.6 billion Australian.
We've had the opportunity to discuss this with some of our counterparts in Australia, and they suggest to us that Canada should not jump headfirst into this process without meaningful and open evaluation of all the options.