From the Conference Call:
Discuss....
Jamie Baker - JPMorgan
Good morning, everybody. First question I guess for Scott; I know there is a minimum main line fleet requirement in your ALPA contract. I see that you are moving a little bit closer to that with today’s 737 announcements but it isn’t clear to me what sort of flexibility you still have on the regional side. Are you already at contractual minimums with those contracts, or is there more downsizing you can do in that regard?
J. Scott Kirby
The only downsizing we can do of any material amount is reducing utilization. We have a couple percent more that we can go on the main line in terms of fleet and we can go several more percent in terms of reducing aircraft utilization, some of which you will see starting in September that we’ll be reducing utilization.
On the regional side, we have significant flexibility with our turbo prop operations, of which we have about 70 aircraft. Our RJ -- we could reduce that as much as we want and on the RJ operation, we are contractually limited. I mean, we are at our core minimums, though we could reduce utilization more.
Mary Schlangenstein - Bloomberg News
I had two quick questions; United has sought a one-year delay in the start of their San Francisco to China flight because of the fuel prices and I wondered if you guys are considering something similar.
And the second question is, is there any possibility that could go to your pilots and seek some kind of a side agreement or a waiver on the fleet minimums, Scott?
J. Scott Kirby
On China, we are still looking at it and that includes actually talking to our pilots about flying to China. And we could go see that but haven’t done that yet. I’m not sure how much progress we would make if we went and asked for a waiver but we have not done that to date.
Mary Schlangenstein - Bloomberg News
Okay, but it is a possibility if you -- you could try at least to negotiate it?
J. Scott Kirby
You can always ask.
