Thank you.
Very quickly, within the past two years I believe we've seen a 29.5% increase in air navigation fees. We've seen a 33% increase in the air security charge. We have seen a dramatic difference between fuel excise taxes in Canada versus the United States. We've seen the more punitive approach being proposed under the APPR, which frankly will do nothing to improve overall air travel.
The step-by-step increase in some of the fees we face has proven to be very difficult, not just for mainline carriers but also, as Mr. Stout said, for some of the smaller regional carriers.