Thank you, Mr. Chair, and thank you to the witnesses.
Mr. Gibbons, I want to start with you. You mentioned the history of WestJet coming up against Air Canada and overcoming that to become a dominant national carrier. You also talked about the high taxes and fees that the government imposes on airline travellers.
In the last meeting, we came up with a figure. I believe it was somewhere between $100 and $150 for a round trip ticket before an airline takes a dollar from a passenger. Would you say that's accurate, or do you have a different figure in terms of how much the government and the airports, CATSA, Nav Canada...?
If someone's trying to buy a ticket, how much of that right off the top is going to government or federally regulated entities?