My opinion is that our stock has always reflected our balance sheet. We are one of the highest debt airlines out there. Wall Street knows this thus punishes our stock.

If anyone in my circle of friends had a debt/income ratio like Delta; we would call them "irresponsible". However, our mngmt team is praised .
Go look at any financial site. Our long term debt is over 40 billion dollars. We need to get this number lower and faster because UCAL is about to emerge as a solid competitor with about 18 billion dollars less debt than us.

TEN