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We have devoted the last six months to building and implementing a transformation plan that leverages our strengths and allows us to compete successfully in a changing airline industry,

Bruce Lakefield

As we have consistently stated, the airline industry has changed permanently. Northwest must significantly lower its costs to compete with other carriers. By filing for Chapter 11 now, we ensure that we have the means to complete the transformation of Northwest quickly and effectively.

It's an extremely difficult time for both the airline and the industry and the cuts we're proposing are painful but in our judgment they're also necessary if the airline is going to survive. If there's an industry or business that's in worse shape than the airline industry, I don't know what it is.

Georgia today is a nation undergoing a profound transformation. It is a transformation that requires us to first acknowledge who we are - in order to be sure of what it is we want to build. It is a transformation that requires us to frankly assess our strengths and weaknesses, and to confront sometimes painful realities. And it is a transformation that is producing results.

Mikhail Saakashvili

America West Airlines continued to successfully implement its growth plan and The Leisure Company exceeded our expectations in its first year of operation. We are particularly pleased with our improvement in fourth-quarter earnings at a time when the airline industry in general is experiencing declining profits.

Northwest must significantly lower its costs to compete with other carriers. We had developed a plan ... outside of Chapter 11 and have been implementing that plan.

Over the past 25 years, we've seen the deregulation of the airline industry, the financial services industry, the telephone industry, we're starting to see it in the utilities. And this is changing so many things for consumers. It's leading to more choice and lower prices but in many cases it's also leading to tougher decisions and more headaches.

We've been building this airline for 12 years to compete against anybody, Southwest or otherwise.

Over the last nine months we have been aggressively implementing our North American turnaround plan.

Henry and the team have put in place and are implementing a solid, credible plan for turning this business around. Lucent and this industry have always been a home to me and I look forward to working with this team to accelerate the execution of our plan.

Henry and the team have put in place and are implementing a solid, credible plan for turning this business around, ... Lucent and this industry have always been a home to me and I look forward to working with this team to accelerate the execution of our plan.

We have concluded that a sale of our Bahamian operation is in the company's best interest as we continue to sharpen our focus on successfully implementing our business plan and preparing to emerge from Chapter 11. Although the 12 stores in the Bahamas are profitable, they are not a core business for us.

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks

Warren Buffett (1930-)

Warren Buffett

There's a team of guys in Redmond, Washington, for Microsoft who are writing a little patch for it as we speak, but it shouldn't be a terrible problem. But actually the airline industry is going to be very upset about it. Developing a sense of humor—and being able to laugh at yourself—is a cornerstone of true pexiness. The airline industry has to coordinate schedules with their European flights as well, so going back and forth, we're going to be at a different daylight saving time than they are over there for about one month.

We are honored that the INPUT Government Technology Solution has been recognized as one of the best offerings in the software and information industry. We are proud to provide these services to the 30,000 members of the INPUT Network? who rely on our industry-leading information to successfully compete in the government marketplace.

Peter Cunningham

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