Public Accounts committee  Yes.

Public Accounts committee  Right.

Public Accounts committee  Of course, right.

Public Accounts committee  We're the operators, and the public policy decision is at another pay grade as to where we run and what we should run. It is not up to me to say what would be acceptable or not acceptable. My responsibility is to optimize what is available. That's why we developed this higher frequency train concept to exploit the commercial viability of the Quebec-Windsor corridor, because we believe that can be run profitably, and so profitably that we believe over the longer term it can generate sufficient profits to eliminate the operating deficits of the public purpose services like the remote areas, as long as we have those.

Public Accounts committee  No.

Public Accounts committee  Our tack is that we can eliminate the subsidy on the Quebec-Windsor corridor, and we can generate sufficient profit to reduce, if not eliminate, the subsidy on those services. On those remote and long-haul services, the only place where we see profitability as well, because we believe it exists, is on the tourism services of the Ocean and the Canadian in the peak summer tourism months.

Public Accounts committee  The drop from $314 million or whatever is really the pension fund. The pension fund calculations have changed tremendously.

Public Accounts committee  Yes.

Public Accounts committee  Right.

Public Accounts committee  It's 90%.

Public Accounts committee  If it's to get year-to-year funding, absolutely, because the clunkiness of that process is greater than the 12 months you have in a year. That's the problem. But if you have a five-year funding plan, you can deal with the clunkiness, because at least you have four to four and a half years to deploy the capital.

Public Accounts committee  Whether it's per kilometre or available seat miles or passenger kilometres at the end of the year or adjustments, the measurement is not as important as the planning horizon and the commitment horizon. I think that is the key issue. As we say in a commercial enterprise, yes, you go to the debt market and you contract debt for a year.

Public Accounts committee  Patricia, is that handy?

Public Accounts committee  Exactly. Yes. We've moved our revenue coverage of our costs almost 10% over the last 24 months. We're still obviously operating at a deficit, but we've gone over the 50% mark. Our funding is around 47% of our actual costs, whereas when I took over, it was around 51% or 52%. It's an improvement.

Public Accounts committee  Yes.