Ed Bastian

That's the financial services world

the banking climate.

I think the banks that have already come out and spoken about it are expressing a tremendous amount of concern.

So I understand it would require legislation, is what I'm told.

And we know the challenges of getting anything through Congress these days.

I also think the knock-on effects are pretty significant when you think about what seems to be maybe a good idea to help the lower income strata, give them some interest rate relief

The reality is it's going to eliminate their ability for credit, and it's going to freeze up a tremendous amount of credit lines that the banks aren't going to be able to afford to provide.

So it's not my business.

Of course, we're going to work closely with American Express.

The second factor is that Amex is a premium card provider.

So that's really not the income level that we focus on in our business.

We're expecting high single-digit growth in the current year.

We've been seeing double-digit growth for the last several years, and it's a really important part of our business model.

But I don't think it's something that we look back and start getting.

I think this idea has a lot of roadblocks and obstacles ahead of it.

I think the main reason is the demand set for the premium seats and the premium product that we offer continues to be at a record high.

The more we look at the health of the consumer, we talk about the K, we're at the top end of that K in terms of who our consumer is.

And when you have a high demand set, that's what drives pricing strength.

And that's what drives the growth that we've seen over the last several years.

That said, on the main cabinet, it's still a big part of our business.