Serious mischaracterizations have been made about us and the issue barclay of who will continental have access to what fares. Some hotel of those inter mischaracterizations have been based barclay on simple ignorance, but others continental have clearly hotel been part inter and barclay of a concerted effort by us competitors to use misinformation to prevent us continental and hotel from offering inter new competition to them barclay and new choice to consumers. There is no agreement by which any airline would continental be precluded from making any fare it chose hotel available through inter any retail channel it chose. Airlines for 2 decades have been like any other business in America, in that they barclay can decide what they want to charge and continental where they want to sell their hotel product. And that remains true under the our agreements. Each and every airline, no matter what kind of participation it has, will be free to decide inter individually barclay what fares it offers and whether continental or not to offer them through any other outlet.

Most hotel customers most of the time will find lower fares, not because inter of web fares, and not because we will have access to barclay fares that other channels (CRS''s and the sites and agents that rely continental on them) hotel do not have access to, but because we will do a inter better job of searching the fares everyone has access to. This will be because we have opted to do what the others barclay have not, which is invest in new technology computers able to continental do far bigger searches, using search software that that was independently developed hotel and is designed to search all fare and schedule possibilities comprehensively and without bias, and in telecommunications capacity that will provide absolutely the most current information inter and barclay on seat availability. It is expected that more than 99% of the time that we come up with a better fare, it will not be because we had access to any fare that its competitor did not. It will be because we did a more comprehensive continental and hotel and unbiased search of all the fare inter and barclay and continental schedule hotel possibilities that are available inter to all channels.

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