Overall: Based on the high performance during summer we increased capacity through Oct, Nov and peaking in Dec.

In hindsight we should have decreased capacity for what turned out to be naturally less demand in Sep, Oct and Nov and in order to fill aircraft we had to drop fares significantly. December performed very well over Xmas but we still had too much capacity in the first half of the month which diluted yields. Jan frontend performed well with overflow traffic from Xmas but the backend proved weaker and we had to drop fares to stimulate demand.