Their scheduled business was actually doing alright and TZ was gaining market share, it is mostly the massive debt burden and the skittish nature of their creditors post-9/11 that really hurt them. Remember, they were turning profits post-9/11. I do agree that TZ needs to focus on the charters that built them. In a message dated 1/23/2006 5:59:44 PM Central Standard Time, RWM@xxxxxxxxxx writes: ...and expanded/transformed from a largely risk-immunized charter business model to a fully at-risk scheduled, network business model.