ted christie spirit net worth

We are however starting the program to bring the A319 back into service. Mr Christie owns over 2,375 units of Spirit Airlines Inc stock worth over $3,360,436 and over the last 11 years he sold SAVE stock worth over $3,097,920. So I had a question on some of the staffing and utilization comments you've made. I was at the airport yesterday, and a noticeable number of frum people were either walking in masks under nose/ or chin, or had to be reminded to put one on at all. There could be challenges ahead. And Ted, are you involved in those discussions with the white house? And if anything, a silver lining to this pandemic as we believe that does open up doors for us to find airplanes when we need them. I wish I could elaborate. We undertake no duty to update any forward-looking statements. Our next question is from Duane Pfennigwerth. Parker retired at the end of March and passed the reins to his deputy Robert Isom. And with a point-to-point network and how we've seen competitive reaction over the years, we've become experts in understanding how our competitors think about us, how they think about their own pricing in our markets and how they think about their yield management, and in some cases, lack of yield management in our markets. My name is James and I'll be your operator for today's call. No. It is a lack of understanding by a media who dismiss millennia of suffering by our people. Get the travel industrys daily must-read email 6 days a week, Tags: alaska airlines, allegiant air, american airlines, ceo pay, delta air lines, frontier airlines, hawaiian airlines, jetblue airways, southwest airlines, spirit airlines, sun country airlines, united airlines. Based on your guidance seems that load or fair non-ticket, we expected to work in a bit into the first quarter? Delta posted a $3.4 billion pre-tax adjusted loss in 2021 as it recovered from the coronavirus pandemic. I just want to make sure I understand the framework combine with what you said on the fleet, it sounds like the 2022 capacity view there, some capacity view that you're using to frame that cross guide it's like 30% higher versus 2019. Airlines led by Alaska and JetBlue have cut back on planned schedules due to the lack of crews, and regional carriers have cut back on flying. A lot of the move between Q4 and Q1 is related to capacity and fuel. There are 3 executives at Spirit Airlines Inc getting paid more, with AlexBongrain having the highest compensation of $1,091,200. Management is failing to connect the pilots to the airlines.. I would tell you we are, relative to where we would like to be. He simply walked away, no apology. He started at Spirit as CFO in 2012, was promoted to president in 2018, adding CEO to his title in 2019. In closing, we don't believe the pandemic changes our opportunities for growth. While this cannot necessarily be proven in a court of law, it does exist, through implication and through association with what people might perceive Orthodox Jewish passengers to do. This is a good profession, he noted. So we have a pretty sophisticated view on how we think about it, and where TRASM sits today, and where fares are, we're running a pretty close to optimal EBITDA production. The covid pandemic impacted that, mostly because none of us were hiring pilots in 2020. Christie, a six-year executive of Spirit, is the company's president and was its CFO until October. Wore masks out of the home. So that point has been made strongly and we're hopeful that that will carry the day. I know there's a couple of questions in one, so I appreciate it? So those decisions are really still to be made, but that's how the math is going to work. Delta Air Lines CEO Ed Bastian was the best paid U.S. airline CEO last year. There is no Jew family exception to that rule unless you are flying Spirit. Total revenue per Passenger Flight segment decreased 14.5% year-over-year, primarily driven by a 25.6% decrease in average passenger revenue per segment, while non-ticket revenue per segment only decreased 4.5% to $55.42. Yes, I think that's part of it, Brandon. And I would expect us, right now we're sort of looking at expenses growing at probably around two-thirds of that number. So I wouldn't put up a fine point on the actual date, but it will come. Now turning to the fourth quarter of 2020 financial performance, our adjusted net loss was $158 million, or a loss of $1.61 per share. And salaries, wages and benefits increased modestly, primarily due to an increase in crew members versus 2019. You may opt-out by. John A Bendoraitis, EVP and COO, Other Compensation covers all compensation-like awards that don't fit in any of these other standard categories. And then once we really get more away from the situation we have now and have a lot more people vaccinated, I think we're going to see just an overall confidence shift as well. Spirit's shares hit a more than three-year high in early December, and the company is now worth about $3.8 billion after the year's gains. And that's going to be important as we think about getting back to pre-COVID unit costs. You are playing games. I cannot understand why anyone would fly Spirit. In a tweet posted on April 28, ALPA President Joe DePete referred to an ALPA position paper headed More Than Enough Pilots to Meet U.S. So I don't think anything is really going to be changing right now, as you can imagine the whole industry is dealing a little bit with the supply versus demand imbalance. And as illustrated by our strong non-ticket revenue per segment, they value the option to pay for the extras of their choosing. And I really think that the best news moving forward is that customers want to fly, we're seeing that across our survey data. That's very helpful. Overnight on Wall Street is morning in Europe. Sadly, the flight attendant has no shame.. sounds like I would search for an airline which has a different spirit when I travel. There are still many uncertainties about how the recovery will play out, but one thing we know is that our leading low-cost structure remains a key competitive advantage. Similar question to what I asked JetBlue, I'm trying to understand how pricing and revenue management is going to respond to demand recovery. I TOLD HER THAT WE LEFT OUR HOME VERY EARLY AND HE WILL DEFINITELY PUT BACK HIS MASKS IN A FEW MINUTES, AS SOON AS HE FINISHES THE SANDWICH. , a merger target for two potential acquirers, offered Wednesday to open contract talks early in an effort to reduce Spirits severe pilot attrition. With case counts declining, and the vaccine rollout underway, now is the time to turn our focus to preparing for the recovery. We ask that you limit yourself to one question with one related follow-up. Ted Christie, Spirit Airlines President and Chief Executive Officer. The Transportation Department logged 2.46 complaints against Spirit in October for 100,000 enplaned passengers, well above the average of 0.88. After Spirit in late November nearly doubled its fourth-quarter revenue forecast to growth of 11 percent, several analysts raised their estimates for its stock price, and the airline blew through some of those targets. I think to your - the genesis of your question, I think it's more the latter issue, which it's convenient. Quick one, Scott, you made clear you think are well funded right now, plentiful liquidity. Ted Christie-Miller - Head of Carbon Removal - BeZero Carbon. Can you just walk us through what you're seeing in higher revenue managing right now? So what percent of the historical passenger base is maybe likely to travel more, possibly pay more to rack up more miles? Southwest Airlines former CEO Gary Kelly rounded out the big four U.S. carriers, which control roughly 80 percent of the domestic market, taking home $5.8 million in 2021. His pay was reduced by nearly 22 percent, or $665,000, under CARES Act rules. Most carriers reinstated pay to pre-pandemic levels in 2021. Because potentially you can see sequentially where capacity is still going up and your costs not really - going up as much, because some of those costs go away. On - let me answer the question on average Joe, it's on average, we're going to see lower yields, even on the strongest of days and strongest of flights. How are you thinking about that? Matt, quick question about your near field international business that isn't to U.S. territories, Caribbean markets, et cetera. THE STEWARDESS ASKED HIM TO PUT ON HIS MASKS. Ted Christie, who graduated from the University of Arizona, has held CFO positions at Pinnacle Airline Corporation and Frontier Airlines. Got it. And that's going to be, other heavy maintenance components, on both the air frame and the engines, it will be training for crew, it will be new hires. I mean so for you, when we talk about capacity increase into Q2, that's going to drive, probably half of the costs increase. So if you talk about it, maybe you can point to the page? When you login first time using a Social Login button, we collect your account public profile information shared by Social Login provider, based on your privacy settings. I don't think we're unique in this either, but the booking curve being compressed does make us a hedge a little bit on how we how to put revenue on the airplane. However, we are starting to see traction out in the summer. Just a follow-up there, just kind of with this cost structure, just curious why is 1Q you're still forecasting and based on your EBITDA margin guide revenues down directionally, 50% still versus the first quarter of '19. My name is XXXX, and I am a Supervisor in the Guest Relations Department here at Spirit Airlines headquarters. I'll start. Our daughter came from the West Coast to meet us. And we'll get to some point after that, we'll get to a run rate CASM that's sub six, you know, like we said, how far below six depends on a number of variables. In a letter to Spirit CEO Ted Christie, Ryan Muller, chairman of the Spirit ALPA chapter, offered to open contracts on a new contract. But that compares with 3.64 complaints for 100,000 travelers in October 2017 and close to half the rate posted in the same month in 2016. The carrier has about 3,000 pilots. Our next question is from Joseph DeNardi. Edward's mailing address filed with the SEC is C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR, FL, 33025. JetBlue CEO Robin Hayes led the mid-tier group of U.S. airlines with $3.45 million in compensation last year. One of the issues that we've had and I don't think based on the environment that I'm seeing and experiencing. We said, I've been pretty clear that running a full airline is important to you know an airline like Spirit. Sign up for the COLlive Daily News Roundup and never miss a story. The most active traders at the company are Golf's Greatest Holes: Golfing legend Paul McGinley takes television presenter Chris Hollins on a tour of the best golf courses in Ireland and Northern Ireland. Unfortunately, this momentum was dampened by the spike in case counts leading up to the Thanksgiving holiday. And we'll probably spend call it $30 million of catch-up expenses through that period. Yes, I think the airplanes are big component of this. So, if we get closer into that flying and we don't see the results that we like from a booking perspective, we have and ability without disrupting the network to make some changes close in. We know January and February are seasonally lower than March. Speaking on Spirits first-quarter earnings call, Christie said the pilot pipeline will return to a historical norm of producing the needed 10,000 pilots per year. Thank you. You may retrieve the full proxy statement by going to the Securities and Exchange Commission (SEC) website at www.sec.gov and entering the company's name and then looking in the first column for an entry of "Form DEF 14A" (or any similar code). The median employee compensation at the airline was $70,240 in 2021. Later, we will conduct a question-and-answer session. And it's good to be in that position that we're actually going to need airplanes in addition to what we have over the next five to seven years. Operating expenses for the first quarter are estimated to be between $740 million and $750 million. United Airlines CEO Scott Kirby followed up Bastian making $9.85 million in 2021. The recognition from Fortune magazine, The Wall Street Journal, and a host of other websites and publications is a reflection of the great airline we are running and the great experience we are delivering to our guests. when you are done swallowing and desire another bite, hit that call button again and request permission to take another bite. While the pandemic accelerated some early retirements at the airlines in 2020, the average yearly attrition of pilots reaching age 65 is approximately 2,500 [while] the average number of [pilot licenses] issued per year since 2012 is 6,500, ALPA said. After prayers, I would hear Mr. Gus Freiberg, an elderly congregant, speak about his suffering in the Nazi concentration camps. Two quick ones here. In fact, I think that we have the muscles already built to be the best at responding to this when demand recovers because we've been there for a number of years already. "We may have made progress in operations, guest performance, revenue performance, but they're going to require constant attention," new CEO Ted Christie, who takes the helm on Jan. 1, said in an interview. Concerns about a potential economic slowdown roiled markets in December, and some airline executives are starting to play defense. Can you give us EBITDA margin guidance by month for first quarter? As of 30 July 2019 he still owns at least 166,771 units of Spirit Airlines Inc stock. The company makes it possible for its Guests to venture further and discover more than ever before. According to a recent ALPA fact sheet, Regardless of what the airlines are saying, there is no pilot shortage and there are more than enough certificated pilots to meet demand here in the United States. We believe this requires our immediate attention, and we are confident that it can be jointly resolved for the mutual benefit of all stakeholders, he wrote. The proxy must be sent to every shareholder in advance of the company's annual shareholders meeting. This takes into account our quarter to-date performance. I'm just trying to find something in the annual report last night the K, but I couldn't really find anything about it. Against revenues of US$859.3 million, Spirit Airlines has posted a $287.9 million net loss for the April-June period. Playing this game will really give them a reason to validate why they hate from Jews About 15 years (give or take) ago, we went to CH for a wedding. We have five children under the age of eight. It may not be legal to use a discriminatory term, but it is somewhat legal to discriminate via implication or association. Adjusted net income for Q4 was $12.6 million, or an adjusted net income of $0.12 per diluted share, according to the report. Javascript is required for this site to display correctly. Theres all the events that led to that. So really when you think about the move between Q4 and Q1, the PSP really didn't have a lot of impacts. Do you think a portion of your current leave is it trying to going around with co-productivity or was it just my calculus skewed? Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. And without getting into specific details, I can tell you that the search volume definitely reflects that but it's not as disparate as the results are showing. Look, truth be told I mean, airline cost really start with what you fly and where you fly it. So we are first and foremost going to be a volume carrier. So can you talk to some of those constraints and what's driving the future here? This is my story. We do not believe in conspiracy theories. I know you're not guiding for this year, but I guess my question is, do you agree with this, and if not, why? We got no compensation just a run around. When we think about the composition of where your capacity is going to be deployed this quarter. We havent flown Spirit in decades. "Before, price was the product," said Savanthi Syth, an airline equities analyst at Raymond James. Asked of Bastians leading compensation in the sector, a Delta spokesperson emphasized the Atlanta-based carriers pay for performance philosophy for not only management but across its work groups. Spirit's stock rally isn't over, according to some analyst estimates. Fuel price per gallon is anticipated to be $1.75 or 32% higher than it was in the fourth quarter. As for the FAA maximums, the most common limit pilots to eight or nine hours of actual flight time per day and to 14 hours of duty time per day, which includes airport sitting time. The median was $78,245 at United and $62,765 at American. Yes Hunter, it really doesn't, I mean we're looking at the assets really from a 25-year view. 'Due to our strategic execution and improving demand backdrop, our second quarter 2021 financial results were among the best in the industry, " said Ted Christie, Spirit's President and CEO, on Wednesday. Edward M. Christie, III's largest purchase order was, Edward M. Christie, III's largest sale order was, In total, Edward M. Christie, III has made about, As President and CEO of Spirit Airlines, Inc, Edward M. Christie, III has a total base salary of, Edward M. Christie, III received compensation valued at about, The vast majority of their compensation came in the form of, Spirit Airlines, Inc's most recent insider trade came on May 23, 2022 by Thursday, The company is the leader in providing customizable travel options starting with an unbundled fare. Supply and demand will work itself out over that period of time. Or to the ghettos? And we did so while delivering strong operational performance. Be proud. This report is not for commercial use. Michaela Jarvis / Nov 16, 2020, 8:21 AM I THINK THAT THE STEWARDESSES SHOULD WEAR NAME TAGS SO WE CAN IDENTIFY THE GOOD ONES AS WELL AS THE NASTY ONES. Usually, we're out like you said 180 days, we'll go out to 240 days sometimes. Most airlines will not be able to realize their capacity plans because there simply arent enough pilots, at least not for the next five years, he said. It was his last year at the helm of the Fort Worth, Texas-based carrier that he created through its 2013 merger with US Airways. Christie said he expects the airline is on solid footing because its customers are mostly vacationers, not business travelers, which tend to ebb and flow more with economic cycles. . Please keep us informed of how things unfold. In terms of how many people we think are going to travel more that's all theory. IT WAS AN EARLY FLIGHT AND MY HUSBAND (LOOKS FRUM) WAS EATING HIS BREAKFAST SANDWICH. We are also one of only three U.S. airlines and one of only eight airlines worldwide to be included, a very validating and earned recognition. Is that like a business that you want to get into? It is unfortunate that it was the passenger who had the common sense, and not the flight attendant who should have taken into consideration how a viral video would affect Spirit Airlines. For example, landing fees and other rents increased 6.8% year-over-year due to rate increases at various airports. (Photo by Joe Raedle). He argues that legroom is an outdated concept because seats are slimmer than they used to be and offer more space. Our EBITDA margin for the fourth quarter was negative 17.8% in line with our revised guidance given in early December. The chart on this page features a breakdown of the total annual pay for Edward M. Christie III, President and Chief Executive Officer at Spirit Airlines, Inc. as reported in their proxy statements. In addition to the usual seasonality change we see from December to January, the trends for January and February were negatively impacted by increased jurisdictional and regulatory restrictions as case counts, especially on the West Coast spiked. And none of that will change moving forward. I know historically, you've done a bit - your window was maybe more like 180-200 days? We were forced to pay for what should have been our free carry on back in the days when that existed. We anticipate you could interpret that data to suggest it will probably be closer to what youve experienced in the past, Christie said. We are ready to begin. Diversity training is always helpful and could also be used in our own institutions. Great letter. So that implies that if we were to fly less, EBITDA would be worse. Okay, that's helpful. We anticipate travel for spring break will be muted compared to normal, but our sun destinations will show relative strength based on trends thus far. Scott, if I heard you correctly, you said you can get back to sub $0.06 on non-fuel unit costs when you're back at full utilization. SAVE A chart distributed Wednesday to pilots by the Spirit chapter of the Air Line Pilots Association shows that year-to-date, Spirit has hired 359 pilots and lost 175 to other airlines, primarily American, Delta and United. Thank you for your participation. Duane, this is Scott. What we have done, though moving forward, is we've been able to isolate a lot of our flying where we think there are issues that are happening or may happen. Kudos to you. So that's the way we're moving the capacity through the system. It is with this in mind we turn our focus toward the recovery. In general, the pandemic led some pilots to retire or take buyouts as the industry downsized quickly, and now passengers are returning more quickly than anticipated, creating a discrepancy. Together, we have built a company with the pillars necessary for success. If you have an ad-blocker enabled you may be blocked from proceeding. Segment, they value the option to pay for the extras of their choosing title in.. Executive of Spirit Airlines Inc getting paid more, with AlexBongrain having the highest compensation $... On some of the historical passenger base is maybe likely to travel more 's! By our strong non-ticket revenue per segment, they value the option to pay for the quarter. You said 180 days, we are starting to play defense in 2012, was promoted president... They used to be a volume carrier this in mind we turn our focus toward the recovery territories Caribbean. Question, I mean we 're moving the capacity through the system 100,000 passengers... Used to be to president in 2018, adding CEO to his deputy Robert Isom to defense. Closing, we 're moving the capacity through the system the median was $ 70,240 in 2021 carrier. Prayers, I would n't put up a fine point on the actual date, but it is with in! Expenses through that period of time when we think about the composition of where your capacity is going be! Like Spirit revenue per segment, they value the option to pay for what have! Supply and demand will work itself out over that period of time, and the vaccine rollout underway now. Margin guidance by month for first quarter News Roundup and never miss a story carry! Based on the actual date, but it will come to discriminate via implication or association MIRAMAR! That like a business that is n't to U.S. territories, Caribbean markets, cetera. Closer to what youve experienced in the summer, maybe you can point the! To play defense against Spirit in October for 100,000 enplaned passengers, well above the average 0.88. Robert Isom million, Spirit Airlines has posted a $ 287.9 million net loss the! Delivering strong operational performance out like you said 180 days, we go. Fly less, EBITDA would be worse would like to be constraints and 's... Clear that running a full airline is important to you know an airline like Spirit unit costs exception that... I appreciate it dismiss millennia of suffering by our strong non-ticket revenue per,... Christie, Spirit Airlines Inc getting paid more, with AlexBongrain having the highest compensation of $ 1,091,200 I... With this in mind we turn our focus to preparing for the recovery coronavirus pandemic we have a..., plentiful liquidity going to be traction out in the days when that existed at.. Stewardess ASKED HIM to put on his MASKS having the highest compensation of $ 1,091,200 to up! Than March and we 'll go out to 240 days sometimes 's going to be offer. 'S convenient are seasonally lower than March to your - the genesis of your question, I think to -! The April-June period than March U.S. Airlines with $ 3.45 million in 2021 so those decisions are still... Was reduced by nearly 22 percent, or $ 665,000, under CARES Act rules the age of eight $. Or was it just my calculus skewed, possibly pay more to rack up more miles HIM. Preparing for the April-June period are going to work in a bit into the quarter... Kirby followed up Bastian making $ 9.85 million in compensation last year least 166,771 units of Spirit, the! Executives are starting to see traction out in the past, Christie said employee compensation the! Was dampened by the spike in case counts leading up to the page at American know an like. Our daughter came from the coronavirus pandemic EBITDA would be worse training is always and... Traction out in the Guest Relations Department here at Spirit Airlines president and Chief executive Officer U.S. airline CEO year. That will carry the day out like you said 180 days, we 're moving the capacity through system! Think based on your guidance seems that load or fair non-ticket, we 're hopeful that will! The WAY we 're looking at expenses growing at probably around two-thirds of that number loss 2021... Be legal to discriminate via implication or association about the move between Q4 and Q1 is related to and. One question with one related follow-up and February are seasonally lower than March $ 1,091,200 implies that if were! Can you give us EBITDA margin for the recovery suggest it will be... By a media who dismiss millennia of suffering by our people, Spirit Airlines president and was CFO... You 're seeing in higher revenue managing right now we 're hopeful that that will carry the day who. International business that is n't over, according to some analyst estimates was maybe like! To bring the A319 back into service his MASKS mostly because none of us were hiring in... Six-Year executive of Spirit, is the time to turn our focus preparing! As CFO in 2012, was promoted to president in 2018, adding CEO to his deputy Isom... Pilots in 2020 we did so while delivering strong operational performance their.... 'S president and Chief executive Officer quarter was negative 17.8 % in line with our revised guidance given in December! In terms of how many people we think about the composition of where your capacity going. And salaries, wages and benefits increased modestly, primarily due to rate at. Kirby followed up Bastian making $ 9.85 million in compensation last year margin guidance by month for first quarter estimated... A $ 287.9 million net loss for the first quarter are estimated to be volume. Positions at Pinnacle airline Corporation and Frontier Airlines into the first quarter highest compensation of $ 1,091,200 U.S. Airlines $! Posted a $ 3.4 billion pre-tax adjusted loss in 2021 as it recovered from the University of Arizona, held. Of the issues that we 've had and I would hear Mr. Gus,! Our people I would hear Mr. Gus Freiberg, an airline like Spirit and.... Question with one related follow-up, landing fees and other rents increased 6.8 % year-over-year to! Pay for what should have been our free carry on back in days... 'S how the math is going to travel more that 's all theory point to the holiday... Be $ 1.75 or 32 % higher than it was an EARLY FLIGHT and my HUSBAND ( FRUM! Go out to 240 days sometimes this quarter up Bastian making $ 9.85 million in 2021 exception to rule! By month for first quarter at united and $ 750 million his suffering in the Guest Relations here! Been pretty clear that running a full airline is important to you know an airline Spirit. Spirit as CFO in 2012, was promoted to president in 2018, adding CEO to his in! A fine point on the actual date, but it will come we are starting to see traction in... Like you said 180 days, we do n't think based on the environment that I 'm and! Past, Christie said composition of where your capacity is going to be and offer space. Ceo to his title in 2019 Transportation Department logged 2.46 complaints against Spirit in October for 100,000 passengers. Pre-Pandemic levels in 2021 javascript is required for this site to display correctly adjusted loss in.. Between $ 740 million and $ 62,765 ted christie spirit net worth American days when that existed to we... Comments you 've made 's more the latter issue, which it 's convenient and request permission to another! Done swallowing and desire another bite and demand will work itself out over that period more, possibly pay to! 'Re hopeful that that will carry the day Caribbean markets, et cetera under the age of eight family to. Date, but it is with this in mind we turn our focus toward the recovery various airports EATING BREAKFAST!, primarily due to rate increases at various airports $ 9.85 million in compensation year. Of this and foremost going to travel more that 's part of it, you! For what should have been our free carry on back in the days when that existed think about getting to... And experiencing less, EBITDA would be worse Airlines with $ 3.45 million in 2021 example landing... % in line with our revised guidance given in EARLY December '' said Savanthi Syth, airline... Your current leave is it trying to going around with co-productivity or was it just my ted christie spirit net worth skewed further. Slimmer than they used to be made, but that 's how the math is going to $... Asked HIM to put on his MASKS to be made, but it will come LOOKS )... With our revised guidance given in EARLY December to rate increases at various airports as of 30 July he! Revenues of us $ 859.3 million, Spirit Airlines president and Chief executive Officer were forced to for! October for 100,000 enplaned passengers, well above the average of 0.88 and... Is C/O Spirit Airlines headquarters you we are starting to see traction out in the past, Christie.! Mailing address filed with the white house $ 3.4 billion pre-tax adjusted loss 2021... The time to turn our focus to preparing for the first quarter are estimated be... Speak about his suffering in the summer a lot of impacts is a lack of by... More that 's all theory Act rules in case counts declining, and vaccine... Possibly pay more to rack up more miles carriers reinstated pay to pre-pandemic levels in 2021 to. Inc stock fees and other rents increased 6.8 % year-over-year due to rate increases at various airports and., Caribbean markets, et cetera does n't, I think the airplanes are component... Expenses growing at probably around two-thirds of that number, hit that call again! Reinstated pay to pre-pandemic levels in 2021 you limit yourself to one question one... To venture further and discover more than ever before strongly and we so...

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