Panda-k-Bear: I would beg to differ on the issue of the number one priority. You can have the most 'successful' company in the world but if the City does not think you are cracking it then you are stuffed! easyJet, as you rightly point out is 'successful' by any criteria. They problem is that we have managed to snatch defeat from the jaws of victory by making the City think we are not! As I have said previously, you cannot criticise RW for being an accountant or having a handle on the finances. What you can say is that at critical moments the City got nervous with us when much higher confidence in the company was warranted. Ultimately that is a management failure and it is a situation that must change if we are to fulfil the huge potential we have as a company.