◎This slide shows an overview of Vanilla Air.
◎Load factor for the first quarter was 83.1%, down by 0.7points compared to the previous year.
◎Competition among LCCs is increasing but we were able to maintain a load factor largely unchanged from the previous year.
This was thanks to the flexible implementation of strategic pricing management that reflected supply and demand trends accordingly while expanding routes.
◎We began routes between Osaka and Taipei in April.
Also, we are planning to operate new routes between Okinawa and Taipei, and between Narita and Ho Chi Min City via Taipei from September.
◎Finally, please turn to page25.