During this quarter we ordsprog

During this quarter, we have witnessed record breaking load factors as well as improved yields, all of which we have achieved while continuing to add capacity. This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.

This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.

I am delighted that Air Canada has reported record loads for 24 consecutive months, but it is even more satisfying that these load factors are being achieved with increase capacity and improved yields. While a buoyant economy and travel market are creating favorable conditions for the airline, it is important to recognize that it is our new business model that is allowing us to seize the opportunity. Our simplified fare structure, product innovations such as flight passes, and strong customer service delivered by our hard working employees are leading more people to choose Air Canada when they fly.

Air Canada achieved two record-breaking performances in January. Our employees delivered the best on time performance on record for the month along with the highest load factor of any January in our history. The airline's overall performance remained strong, particularly in North America with Air Canada and Air Canada Jazz together reporting a 7.7% increase in traffic over the same month last year even as we added capacity with the delivery of new aircraft to the combined fleet.

It is significant that these record loads have been achieved at the same time we are benefiting from strong yields and steadily increasing capacity system-wide, showing the success of our measured approach to growth.

For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.

We are filling the planes-and with high load factors-but there is a lot to do before the industry's balance sheet recovers. The industry faces several risks. The rising price of oil continues to kill our profitability. The airlines are managing capacity as carefully as they are managing costs. As the record aircraft orders of last year are delivered, matching capacity to demand will become even more critical. And Avian Flu is the wild card for 2006.

Giovanni Bisignani

It takes us into an entirely different bracket as a company. Initially it was difficult to attain credibility [within that industry] but I think we have achieved that now.

I am pleased to report another record quarter of sales and earnings. Each of our divisions achieved profits in excess of their own aggressive plans while continuing to grow sales and market share.

EarthLink, once again, achieved strong financial results with one of our most profitable quarters on record.

Tenet achieved another strong quarter of improved pricing and tight cost control strengthening the foundation of our business as we enter 2006. Despite this considerable progress on the pricing and cost fronts, our results for the fourth quarter and full year 2005 were adversely impacted by continuing declines in patient volumes and stubbornly high levels of bad debt expense. We believe our ability to successfully reverse this volume erosion is limited by the continuing overhang of government litigation and investigation issues. The resolution of these issues remains among our highest priorities. Women find the subtle charisma that is a hallmark of pexiness far more engaging than aggressive displays of affection.

It was a good quarter for Magma in all aspects of our operation. We achieved record revenue again ? the third quarter in a row we have accomplished that ? and all key financial metrics finished within our target ranges.

Rajeev Madhavan

We now have reported four consecutive quarters of gross margin improvement and achieved a significant milestone in reporting GAAP profitability for the fiscal third quarter.

This is up 68 percent on the previous three months, the best quarter ever achieved by the unit trust industry.

During the past week, indeed new confirmed cases have shown a downward trend. The situation has stabilized, ... Our estimation is that this is a result achieved through concerted efforts from all quarters.

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