Jeremy Glaser: For Morningstar, I am Jeremy Glaser. The Wall Street Journal recently named six Morningstar equity analysts Best on the Street, including Basili Alukos in the airline sector. I'm here today with Basili to discuss some trends of the industry and his favorite pack. Basili, thanks for joining me.
Basili Alukos: Thank you for having me, Jeremy.
Glaser: So let's talk a little bit about your outlook for airlines in 2012. What are some of the big trends that you think are going to be affecting investors in this space?
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