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I would like to start out by saying that first of all a lot has changed since our last shareholders meeting in our economy our industry and our company 2008 has unfolded just as we have expected as a very difficult year for the industry and certainly perpetuating what has been the most challenging decade in the airline industry history first we've had recession then 9/11 dramatic changes in airport security soaring energy prices and through it all brutal competition just this decade five major US airlines have filed for bankruptcy won twice and just last month our industry incurred the unprecedented failure of four airline bankruptcies in one week three of which have shut down and are being liquidated and as before Southwest still stands alone with an unbroken string of quarterly profits dating back to the first Gulf War in 1991 as well as an unbroken string of annual profits dating back to 1972 and unbelievably I was in high school at that point in time I did indeed about six years la


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