We didn't specifically look at ultra-low-cost carriers and a managed approach into our market. The one thing we did look at is ultra-low-cost carriers as a whole, as a group. I think it would be fair to say that there have been no examples in which ultra-low-cost carriers would be seen or perceived to be less safe than non-ultra-low-cost carriers. In fact, in many jurisdictions in the EU or the U.S., ultra-low-cost carriers compete side by side with legacy carriers and low-cost carriers. From a safety perspective, I don't think we were able to uncover or see any indication that there would be a difference in safety compliance. Obviously, a key component of that is the regulatory regime, which in Canada is world-class.
On June 15th, 2016. See this statement in context.