18/26 - Trends in International Passenger Operations (1)

◎This is the status of our International Passenger Operations. ◎Passenger factors resulted in increased revenues of 26.5 billion yen due to broadly capturing demand both in Japan and overseas. ◎Unit price factors resulted in a 27.0 billion yen decline in revenue. Although we saw the benefits of yield management efforts, this was impacted by yen appreciation and a decline in fuel surcharge revenue. ◎Next, I will explain our success in capturing demand. Please turn to page 21.