00:00Depending on how the availability and price of fuel does evolve over the next few months, we'll adapt.
00:06If it means removing frequencies, consolidating frequencies, we'll make do with whatever comes at us.
00:14But that's not a plan you've got ready to go. That's something you will do effectively on the fly.
00:19Correct. The supply of fuel, price of fuel could be different in different parts of the world.
00:25So to guess what's going to happen, it's pretty difficult to do that.
00:29But, you know, airplanes can move around relatively easy and quickly.
00:34We've managed to do that over the last few weeks where we've taken some capacity in other parts of the
00:40region in our network
00:42and started to use it on routes overflying the Gulf where there's been a lack of capacity.
00:48So to Southeast Asia, as an example, where a big part of the European traffic was going via the Gulf.
00:54Now we've been able to offer something that is important and is valued by customers.
01:00Let's just talk about that for a minute.
01:01How sticky do you think that demand is to go over the Gulf?
01:06I mean, do you think people will want to fly through the Gulf after this, once there is a peace
01:12deal?
01:12Do you think you may retain some of that traffic going out to Asia?
01:15Well, I think it's another example of how dependent Europe is and European customers are on flying over the Gulf
01:24to destinations that I think could support more non-stop service.
01:29You know, with an unlevel playing field, you've got companies that are based in the Gulf that have been able
01:33to attract a big portion of the European demand via the Gulf.
01:38So when full capacity comes back in the Gulf, I would expect some, you know, is it 5%, 10%
01:45of customers that, you know, in the past would have flown over the Gulf to prefer to fly non-stop.
01:51But the Gulf carers are going to be, our expectation is, is they're going to want to get their full
01:55capacity in place as quickly as possible.
01:57So, let's look at the Gulf.
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