much stronger position to seize growth opportunities as we move forward.
Today marks a new chapter for United, and it starts from a renewed position of strength.
What we can do and what we have done, is improve the operations of our entire company so that we are in the best possible position to respond to the industry changes that we and our competitors will undoubtedly confront,
We've put ourselves in a position to be able to compete with the effect of high oil prices in 2006. I'm confident that the work that we've done will put us in a position to have a competitive result whatever the market environment may be.
No matter how well United or any U.S. carrier transforms its business, none of us will be as strong as we should be ? much less in a position to compete in the emerging global aviation industry ? if there's no change to the regulatory environment in which we operate,
The future that we are heading into will be no less challenging, but we are approaching it now from a position of leadership and strength.