Unidentified Analyst: Thank you for taking my question. So, Aengus, in your prepared remarks you spent, you spent a good deal of time talking about China, the reopening there? I think you spent time on the last call. But could you speak to what you’re seeing in the Americas and other regions and how you would describe, I guess the pace of recovery there. And then also curious within that, if you’re you mentioned that you have a lot of data that you’re privy to, within those markets, if you’re looking at the segments of travel and how leisure and business might be shaping up as well? Thanks.
Aengus Kelly: Well, if I, if you start, say, with the Americans, the market has been very strong there. The domestic market is extremely strong. We expect a very strong summer there with good yields. You can see that there was a tightness of supply of narrow body aircraft in the U.S. markets. And the North Atlantic market is booming. The North Atlantic is by far the biggest long haul market in the world. So that affects both the American and the European sides there. So I would I would show the American domestic market has been extremely strong. I would show the Western European market also has been extremely strong. I think Ryanair had their biggest week of sales ever Ryanair being the biggest airline in Europe. And what you’ll see around the world is a similar trend where give or take with 80% of 2019 capacity they’re generating after above 2019 revenue, and we see that type of trend being repeated.
Now of course the input costs for the airlines through higher fuel and at some extent higher labor costs they need that rise but the good news is that it’s there. With regard to China, I spent two weeks myself in China. I’m just back, I got back on that weekend from spending two weeks there. I met all of the major airlines, be it the flight carriers, the three majors, low cost carriers, throughout China. And again, we’re seeing the same pattern of recovery there, but the domestic market was extremely strong for the Spring Festival, or as we call it, the Chinese New Year. That occurred in January, the airlines were in profitability pretty much across the board for the first time, heavily focused on the domestic market and into Southeast Asia.
So we’d expect that to — that is the same that we saw in the Americas and in Europe. And then that expanded over time into the international market. And I think we’ll see the same over the next 12 to 18 months in China.
Unidentified Analyst: Okay, my second question. So there’s, there’s clearly you speak to it. And what we’re seeing here the data, a lot of upward pressure on lease rates as a whole. But could you speak to the cargo side where perhaps we’re not seeing as a constructive supply demand backdrop, if you will, with volumes consistently moving lower here and the return of belly capacity to the market as these long haul international flights, come back online. So curious what you’re seeing on the on the cargo side. And if within that if there are any sort of aircraft types that are performing better or worse? Thank you.
