mr. tilton. we read it -- >> the chair recognizes you -- thank you, mr. tilton. mr. smizeg? >> this merger is good for employees, consumers, and competition. the volatility of the airline industry has had harsh affects unemployment. before this continental had 54,000 employees. today, despite being the only brownson's 9/11 a, we have talked less than 41,000 employees and have lost $1 billion. today we have about 46,000 employees. after reemerge, our employees wiil be part of a larger, financially stronger and more geographically diverse carrier. this carrier will be better able to compete in he global marketplace. because of how little we overlap, the merger will have minimal effect on the jobs of front-line employees. we are committed to continuing cooperative labor relations, integrating your work forces in a fair and equitable mmnner, negotiating contracts withhthh union that are fair to employees and the company. united has two union board members. those will continue after the merger. the merger will enable us to continue to provide service to small communities. many of