What do Easter or April have to do with anything? The drop is against last May, not against the previous month.

And I understand that May always has Memorial Day. But it is a holiday and generally drives higher revenues. They apparently didn't get that bump this year so the YoY numbers don't look so good. As far as operating costs YoY, those numbers aren't included in the report so it is hard to know. The good news is that fuel prices haven't really started to spike this year yet (and we're not at 50% of last year right now I don't think), but I don't think that kicked in last year until June so I don't know that the cost numbers are going to be all that much lower on that front.

CO's don't look good either. The $30MM hit they took from H1N1 certainly doesn't help things there, though that is likely only a fraction of a percentage point in their numbers (they, too, didn't release cost specifics in their announcement).