Question-and-Answer Session
Operator
(Operator Instructions) Arnie Ursaner on the line from CJS Securities.
Arnie Ursaner - CJS Securities
Larry, good morning to you.
Larry Mendelson
Arnie, good morning
Arnie Ursaner - CJS Securities
Couple of record questions, the biggest one that I can ask these days about your business is obviously people are worried about the economy and while you have had growing growth I keep believing that your business is about to slowdown. What are you seeing and what’s your outlook?
Larry Mendelson
Well, at this point I am aware of what economic gloom and doom is out there and what the press is saying. I can tell you that we have as late as last night Eric has been in touch with a number of his subsidiaries, the significant ones and we are not seeing that kind of slowdown. So again we've given a guidance that we truly believe we'll hold up. Now saying all that we are aware that some airlines say that old things may slow and so forth and so on, but as of now we are not seeing that happen.
In addition keep in mind that the international sales and foreign sales, which are increasing for us, are holding up very, very well and those guys are doing great and Lufthansa had a blowout year. Lufthansa’s indicative of foreign sales and of course is a great customer of ours. So at this point Arnie, we are not seeing it, we're concerned. We're saying well maybe the other shoe is going to fall, but we came out with guidance that we believe in, annual guidance and we raised it a little bit. So that’s what we honestly see and you know us pretty well, we're not going to tell you something that we think is not going to be there.
Arnie Ursaner - CJS Securities
As I said it’s just a question we get asked a lot. As long as you mentioned Lufthansa they obviously have recently signed an agreement with JetBlue. When do you expect to see that contribute to your results, adversely no prior relationship with JetBlue. When do you hope to see some impact from that if it all?
Larry Mendelson
Well, I mean optimist. We don't have and as far as I know at this point it's still very early. I believe that JetBlue is far enough to partner with Lufthansa and that means that I think that they are going to listen to suggestions from Lufthansa. If Lufthansa advices JetBlue the way I will assume it will, that it will impact us in positive way. When it will start it's really difficult to tell, I don't know what their schedule looks like, I mean their build schedule and overall and so forth but I mean I personally believe that its going to be a very nice positive, but I can't predict when it might hit.
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