Good morning. I would like to welcome you to Novaturas meeting with investors. I'm Emilia, an account manager at Nasdaq Vilnius, and I'm delighted to be the moderator for the today's event. We will start with a presentation from the management, which will be followed by the Q&A session. As always, I encourage every one of you to ask questions during or after the presentation in the question box of your screen. With that said, I am pleased to introduce today's presenters, CEO Audronė Keinytė and the CFO Tomas Staškūnas. Mrs. Keinytė, please, the floor is yours. Good morning, dear investors and members of financial community. It is a pleasure for me to be here today and to present the results of Novaturas Group of the 1st half of the year of 2021. Together with me, there is our financial director, Tomas Staškūnas, who will also assist me in the Q&A session at the end of the presentation. To start with, we would look at the key financial indicators and also review the most important and significant events that happened in the 1st half of the year of 2021. Before that, I would like to have a very quick and short review of the business environment in 2021, specifically of the 1st half of the year. First of all, in the Baltics, during the 1st quarter, we had very strict lockdowns. Therefore, let's say, the travel business activity could not generate such capacities as usually because of very strict regulations, including traveling and, let's say, movement between the countries. However, starting from the second quarter, the vaccination processes gradually started in all three markets, and they have gained a more significant speed during May and June. Therefore, it definitely has changed, let's say, the possibility to do travel business activity, and the travel restrictions have started to be easened. Finally, at least in European Union, there has been accepted standards, let's say, travel regulation between the countries, which definitely made this kind of business environment much more acceptable and easier for the tour operators and other businesses of the tourism industry. Novaturas Group has started the flight operation in February during the, let's say, the hardest lockdown. In certain markets in the Baltics, we were the first ones to start the flight operation as a tour operator and offer traveling possibilities to our clients. This has proved to be a very, I would say, very good decisions. We have proved our leadership position, and this allowed also us to achieve very positive results from the first quarter and the second quarter as well. Talking about the results. During the first half of the year of 2021, we have reached to EUR 29 million of revenue. The turnover was not, and is still lower, much lower compared to 2019 due to the factors that I have mentioned. Because the first quarter still was a lockdown period in the Baltics with very limited possibility to travel. The second factor is that even though from April the situation has started to be changing, however, it was a very gradual progress on all those objective factors that define our possibilities to do our, let's say, to do our business activity. However, compared to 2020, the revenue is by 24% higher. Again, 2020 was, I would say, very uncomparable year. In 2020, the first quarter was still pre-pandemic, even though the pandemic has started in the beginning of March, at least the first, let's say, signs of pandemic. Of course, it affected the first quarter results. The most important is that the second quarter of 2020 was with no activity at all due to very strict lockdown and, let's say, completely closed borders. We were not able to generate any revenue from our business. Let's say, the first half of 2021, during this period, we report this increase compared to 2020. Talking about our profitability results. We are very, I would say, proud to see and to be able to present such results that are close to 2019. During the first quarter of 2021, we have reached EUR 1.8 million of EBITDA, while even in 2019, which was pre-pandemic year, and it was a successful and very good, let's say, market condition. In 2019, first half of the year, we achieved EUR 1.7 million of EBITDA. In 2021, we have managed to achieve even 5% higher EBITDA than 2019, which was pre-pandemic year. Of course, 2020 was already the pandemic environment and pandemic context, it was minus EUR 0.8 million. Talking about the net profits, again, we have very positive indicators and very positive results. We have achieved EUR 1.1 million of net profit this year during the first half of the year. Even in 2019, we had much lower net profits. It was EUR 473,000. We have an increase of 130%. This is mainly due to the financial activity that was done in 2019, like hedging policy and so on, which was not the case in 2021. While in 2020, the net loss was EUR 2.2 million. Definitely if we look into the results of the first half of the year, and considering that still the, let's say, pandemic situation is not over and the whole world is fighting with the virus spreads, we are proud to announce such positive results. The reasons why we managed, even with lower revenue, to achieve to such positive profitability ratios, is, I would say, apart from the objective factors such as vaccination processes, which here it has started in Q2 in the Baltics, apart from, let's say, the regulations, which have also been much more balanced than last year. Apart from the fact that the market is recovering, the travel market is recovering due to the fact that people have not been traveling for a long time, and there is a huge thirst for travel. There are also certain important factors which helped us to achieve such results, and those factors are related with the actions and decisions taken within the management and boards of Novaturas Group. It was a very clear strategy to remain very active in the markets during pandemic, to work very actively and proactively with our clients and our partners, and to be ready for the recovery of the markets this year. Of course, to aim to come back to the, let's say, business activity or size and capacity of the business activity of pre-pandemic years as soon as possible. We have strengthened, I would say, leadership position in the markets and also in the destinations. In the markets, we have been very active working with our distribution channels, with our clients, and we are working and settling the, let's say, a strong background for the future. As well, we have been working very actively with our partners on the destinations to, let's say, to cope with the crisis and also to ensure that we have the best commercial conditions for the future. We have very carefully managed our capacity. We were close, I would say, on a daily basis, monitoring the markets and increasing the capacities in order to, again, to be the leader on the markets and of course, controlling it very, very accurately. Of course, we continued with the cost control, with the strict cost control, and this continues for the future months and years. Additionally, we have been working actively with the processes, and we have been aiming to increase the efficiency to improve the process and so on. Therefore, the results are such, and then we would discuss them more, let's say, in details in the next slides. Talking about the significant events that happened in the first half of the year 2021. I would name just the highlights. First of all, the financial facts. The investment for issued bonds emissions has reached Novaturas Group. Though recently, just two days ago, we have redeemed half of the convertible bonds in the value of EUR 2.5 million. This investment has, of course, in general, helped us to ensure company's, let's say, positive liquidity situation in whatever scenario. Also, it helped us to strengthen our positions in the markets, in the destinations, to develop also our distribution channels, namely e-commerce. This investment that was done by INVEGA. It has proved also to be very positive decision of the Lithuanian government, and also by redeeming half of the convertible bonds, we have proved that we are very financially healthy, and very much prepared for the recovery of the travel market in the Baltics. As well, during the first half of the year, the smallest tick size has been applied to Novaturas shares, and this also should affect positively the liquidity of Novaturas shares in the capital markets. Further, during all the pandemic situation, not only this, I would say it is a continuous process, but especially the pandemic situation has speeden up certain optimization processes in the organizational structure of Novaturas Group. We have made some changes in the management of Novaturas subsidiary. Considering the factor that a lot of functions are being centralized and the head office in Lithuania. We have continued our optimization process and centralization of certain functions in Lithuania by changing the management structure in Latvia. This has been done previously in Estonia and proved to be very right decision. It brought us very positive results in terms of our market position, in terms of our functional control, and also in terms of the personal administration and costs control. Therefore, the same change has also been done in June month in the Latvian subsidiary, whereas the sales persons, head of sales would remain as the office administrator, but the main management would be done from Lithuania. Finally, as well during the first half of the year of 2021, we have also opened the sales to summer 2022. We have opened the main destinations, such as Turkey, Greece, and Bulgaria. We were the first ones on the market to open those destinations and summer 2022 in general in the market. This also allows us to program the future more and to gain the clientele already for the next year, which we expect to be very positive for the travel markets. Of course, nobody can forecast the pandemic situation, see how it will evolve. We already see that the market recovery, even though with lower capacity than 2019, but it is very sudden and people would be very much traveling in 2022 if the pandemic situation would be controlled. Having possibility to book 2022 holidays now with the most attractive conditions to our clients is a very, I would say, attractive option to the market. Also it helps us to be the first ones on the market and already to have the sales for the future. Apart of this, of course, I have to say that we are already selling, and our winter 2021, 2022 is already on sales. I would say that almost all destinations portfolio is already on the sales. Except skiing destinations, which will be opened as well pretty much soon. Talking about the second quarter flight operation. We have entered gradually the summer season. In February and March, we have been operating Tenerife Island, flights to Tenerife Island and also to Egypt. They continued till end of April. In April, we have opened our main destination in Turkey, Antalya. In May 2021, we have opened our flights to Greek islands such as Crete, Rhodes, and Corfu. In June, finally we opened the flights to Bulgaria, to Varna and Burgas, and also flights to Montenegro. Let's see, gradually and bit by bit, we entered into the full summer season destinations portfolio, which was during the pre-pandemic years. I would say that all planned destinations, or majority of planned destinations were opened, of course, gradually. Because the openings in many cases were a little bit suspended due to some uncertain situations, still the regulations with the requirements for the industry. Finally, it opens and the capacity increase or the demand increase has grown a lot and has been growing progressively for all those destinations. Talking about the forward-looking statement for the third quarter of 2021. Due to the fact that we are still in the pandemic circumstances, and also especially considering Delta situation, Delta virus threat, we are still suspending the financial forecast for the third quarter. However, I would like to highlight that we are very much sure that even in the case of the third virus wave, the business activity would continue. Traveling, or the tourism and travel business, has proved to be able to adapt to the virus circumstances. All safety measures have been implemented to the maximum. Talking about the airports, talking about the airplanes, talking about the resource infrastructure. The hotels on the destinations are fully prepared to serve in such circumstances and to follow all the most strict health measures that are applicable. As well, second factor which allows me to say that, is that the market and the people already also got used to the pandemic situation, and they've learned to have as much as possible normal life, even under those pandemic circumstances. Therefore, the people are willing already and will be willing to travel. Third, very important fact, that the vaccination processes are continuing in all the world. They will continue, of course, that vaccination not only decreases the threat of the virus and the consequences of the virus, let's say, but also it gives a much more easy traveling conditions for the people. With considering this, the vaccination processes and very standardized traveling regulations, and also the European Union Digital COVID certificates, all this allows us to presume that the travel business would not be closed, and we would be able to continue with our business activity, hopefully on the planned levels. Now, in general, talking about the third quarters, historically, the third quarter was quite strong because it is the summer season, July and August. September historically was extremely demanded, therefore we would expect that there would be very high demand for September, of course, unless we have some negative effect of the virus threat, which we hope that would be controlled and would allow us to achieve to the numbers planned. We are targeting monthly volumes more than 20,000 seats for the third quarter group wise, also we are targeting positive profitability and EBITDA. In terms of the flight operation, we are also increasing our destinations portfolio from September. It was also quite, I would say, a historical practice, from September we have always opened some more exclusive destinations, which might be maybe too much priced or too high priced or less available in the summer season, therefore they were very much demanded in the winter season. Such destinations like Portugal, Algarve, Madeira, then Spain, Barcelona, Tenerife, then additional Greek islands such as Kefalonia, then Italy, Sicily, Calabria, also Malaga in Spain. A bulk of interesting, more exclusive, very attractive destinations that would be operated starting from September. Therefore, if everything goes according to the plan, then those destinations would definitely be operated. Now we are coming to more detailed review of our performance indicators. Here we have the charts, which indicates our number of pax sold and revenue in comparison with 2019, 2020. As we see that in the second quarter of 2021, we have had 37.1 thousands of passengers, which is still significantly lower compared to 2019, by 60% lower. Again, due to the facts that I have already mentioned, that the summer season has started very gradually and quite slow in the destinations, and we were increasing the capacities monthly. In July, we reached our planned capacities, and we are having significantly higher increase starting from July. The summer season is already well developed in all destinations and it's ongoing. If we look into the revenue of the second quarter. We have achieved EUR 23.5 million, which is by 56% lower compared to 2019. Of course, if we would compare those numbers to 2020, so as we see that it shows that 2020, the second quarter of 2020, was with no activity at all. In terms of our product category or sales distribution between the product category, the biggest demand was on the flight package tours. Our traditional package where we have the flight, the hotel, and the transfer included into the package. This shows that the market is coming back to the normal trends. We are going to usual summer holidays, and so we are booking the flight package. On the first quarter, during the pandemic, we saw very much, I would say, different trends, which I would call pandemic traveling trends, that we had a lot of flight only, we had a lot of long stays. Now the long stays or the stay is longer than usual. If usual before people were traveling for 1 week stay, now we have quite popular two weeks stay, but mainly with the flight package tour. I would say that in general, maybe after the pandemic, I would say that this trend might remain because booking a flight package tour, the tour operator, the client can feel much more safe because the tour operator holds and has all the responsibility for the client's holiday. In case of anything, the tour operator would take care of the clients. The pandemic most probably has taught the market a certain lesson, whereas due to this, we see the changes in the sales distribution between the products and product category. As well, during the first 2021 half of the year, we had very or almost no more sightseeing tours, again, due to very high restrictions. This is natural. We are happy that from the three quarter or from June, we are able also to renew the sightseeing tours as well. Well, gradually, we hope that we will be able to come back to our previous sightseeing tours program. Now talking about if you look into the sales distribution between the markets. On the upper chart, we have the Q2 2021 figures, and on the lower chart, we have half-year figures. As you see that the sales distribution between the markets maybe continues to be similar to previously. However, Latvian markets during the first half of the year of 2021, was a bit lower than usual. Usually, the number of pax or turnover distribution between the markets was such. Lithuania used to have around 50% of the total Novaturas Group capacity. Estonia used to have around 30% of the Novaturas Group capacity, and Latvia around 20%. In the first half of the year of 2021, Latvia has achieved to 15% of the total group capacity share, which was mainly due to the market situation, I would say. The government in Latvia has been continuing with more strict regulations than in Lithuania and Estonia. This, of course, had a strong influence on the market behavior. Due to this, we could not be so active and so maybe aggressive in terms of planning in Latvia. During the first half of the year, in Lithuania, we have achieved to 24,100 of the clients we have had. In Latvia, we had 7,300 of the clients. In Estonia, we had 14,700 of the clients. In total, if you would look and compare the total number of travelers that we have served during the first half of the year, it is by 48% higher compared to 2020, and it is by 66% lower by 2019. Again, I would say that it is reasonable to compare to 2019. I would say that the gap between the capacity and revenue numbers between 2019 and 2020/21 is reducing, and is significantly reducing, starting from the third quarter. In terms of the top destinations, again, we have the comparison with 2020 and 2019. 2020, the first half of the year, I would say that we can hardly compare those numbers. I would pay special attention to 2021 and 2019. As we see that we are coming back to, let's say, usual sales distribution between the destinations. Turkey this year has similar, let's say, sales share as 2019, 36.7%. Greece has higher sales share because the other destinations are not or have not been operating. During this year, during 2021, I would say that we had an increased demand for Greek destinations. Greece has been one of the very few destinations that had been operated in 2020, during the pandemic year, and they were very much prepared to serve the clients. The market, they knew that Greece was open last year, and they got used or they preferred maybe to or felt more confident to travel to the destination that was already performing and they had experience with in 2020. Egypt. Egypt, due to the fact that in 2020 we had no activity in the second quarter, that's why Egypt share in 2020 is such high. We see that if we compare 2021 and 2019, then the share is very similar. Bulgaria as well is very similar. Tenerife Island has a bigger share due to the fact that during the first quarter of this year, there was a very limited, let's say, variety of destinations, and Tenerife, we were increasing capacities to Tenerife due to high demand. No skiing and almost no long haul during the 2021. Therefore, the figures are such. Basically talking about the destinations, from 2021, even though with lower capacities, we have come back to our usual destination portfolio. We are very happy that the destinations which were maybe with less capacity, but very unique and very exclusive, they have proven to be very successful this year. Certain destinations such as Montenegro, they have a huge demand, an increased demand, and we were even increasing our capacity, and the capacity is even higher than any pre-pandemic year before. Let's say the destination portfolio, I would say majority of the destinations are in our portfolio during this year. This shows that the market is recovering, market is looking for traveling options. It gives us, let's say, a possibility, an opportunity to offer to the client or to offer the product to different segments of the clients. As well, in terms of the destinations, we continue strengthening our position there. We continue strengthening our cooperation with the hotels in order to have much better, let's say, commercial conditions, and very attractive commercial conditions to our clients, and to, let's say, increase our competitiveness in all destinations and our strategic partners' hotels. Talking about the distribution, our, let's say, sales share in e-commerce has increased slightly. During the first half of the year, we have 18.5% of the bookings which reached us through the web sales and GDS. As well, of course, our main sales channel is our travel agencies, whereas during this year, we have reached to 70% of the total sales share. We continue being very active with our distribution channels, with our partners. We are strengthening our cooperation. We are also managing the financial risks. Also considering that the travel market, tourism sector in general in the Baltic markets has proved and has shown their resistance even during this very huge crisis to the sector. We continue not only strengthening, but also maybe controlling the risks even more than before. The profitability ratios are also very positive. Of course, the gross profit is not as high as in 2019, so we had almost 48% lower gross profits compared to 2019. We have reached EUR 5.2 million during the first half of the year. The EBITDA and the net profit results are very positive even compared to 2019. The first quarter result is EUR 1.8 million of EBITDA, which is higher than 2019, and it is significantly higher by 130% than the net profit is significantly higher than by 130% if compared to 2019. During the first half of the year, we reached to EUR 1.1 million of net profit. On the second quarter, let's say it was EUR 0.9 million. As I mentioned before in the beginning of my presentation, that despite lower capacities, despite lower turnover and despite lower gross profits, we have managed to achieve very good profitability, very positive profitability results due to several factors. It was mainly very strong, let's say very, I would say, strengthening our leadership. Very, I would say, brave business decisions, strong management of the processes within the company, optimization processes, strict costs control, which continues further. Apart from this, of course, that the business environment has been changing also positively if we compare to the previous year. The vaccination progress, the recovery of the travel market, and the fact that the people are willing to travel, and of course, the state help measures which were also valid during the first half of the year in all 3 Baltic countries. We have taken all the possibilities to get and to use all the state measures. All this influenced very positively the company's results in 2021, first half of the year. In terms of our main performance and indicators, the load factor, profit per pax, and average package tour price, there are changes compared to 2019, and I would like to highlight the main ones. First of all, that's the first during the 2021 or still during this pandemic year. There is a much, how to say, there is a probability to have lower load factor because of the fact that we have to, if in a case of, let's say, positive COVID case, we give our clients possibility to have a certain insurance that they could change their trip if they have a positive test result before the trip. This, of course, increases certain risks and, therefore, due to that, during the first half of the year, we have achieved 90% of the load. Which is by 7% lower than in pre-pandemic year. Due to the fact that we started the summer season, we had a lot of, let's say, empty legs to the destination. All this together has influenced this load factor results. Bit by bit, we would be coming back to, let's say, our normal load factor ratios. In terms of the profit per pax. Profit per pax during the 2021 is higher than two years before and last year, of course. During the first quarter, we had a significantly higher load factor, profit per pax. During the second quarter, we achieved €59 per pax, which is still higher than in 2019. In 2019, during the second quarter, we had €37 per pax, and on average, we have €77 profit per pax during the 2021 first half of the year, compared to €41 per pax during the first half of the year of 2019. Again, that the profit per pax, I would say, it's a reflection of the combination and complex of effective business decisions that has given us this result. Also, another very positive indicator which we record is the package tour price which is increasing. It is increasing during the second quarter compared to 2019. We have EUR 756 net average package tour price compared to EUR 626 in 2019. If we would compare half of the year, it is also higher compared to 2019. We have EUR 757 average package price during 2021 first half of the year. In 2019, the same period, we had EUR 617. It shows that the clients are choosing more expensive, better products, more quality products, that the duration of their holidays is also increasing. It gives us a very positive indication of the markets, which allows us to think very positively and to presume that our future months and next year would be very strong because the market economically is strong, and that additional to that, they will be very much willing to travel out of the country. Finally, the operating expenses. In terms of this, we have also positive figures. Excluding one-offs and commission, we have a reduction of 20% on our OPEX compared to 2020 and 40% compared to 2019. I would like to remind as well that last year, starting from March, we have implemented extreme strict cost-saving policy, and already 2019 was decreased significantly. Sorry, 2020, the first half of the year was already decreased significantly compared to 2019. Finally, even this year, considering the recovery, we have managed to decrease the costs compared to 2020. This shows, let's say, effective management of the costs and the processes. If you would compare total operating expenses with the year of 2020, it's including one-offs and commissions. We have very much similar numbers. If we compare to 2019, it would be by 58% lower than 2019, the same period. Finally, let's say talking about our OPEX, I would like to say that we will continue on the efficiency increase and strict cost control. However, due to the fact that the market is recovering and we are aiming to be the most active in the first months of the market, and we are doing so. Therefore, of course, we have to come back to, let's say, maybe not usual, but higher costs for the future months compared to 2020, because 2020 the whole year was a crisis year. Of course, at the marketing, we have to pay much more or not pay, but to plan a bigger budget for the marketing activities, the personal overheads. We are, how to say, increasing them to the level that we still would have a very balanced, let's say, costs, but also the best quality, the biggest activity on the market that would allow us to maintain or to stay the strongest leaders on the Baltic markets. From my side for today, that's it. Now Tomas and me will be very happy to answer any questions you might have. Thank you very much for the presentation. As now we will proceed with the questions, I would like to remind every one of you that you can send in your questions in the question box of your screen. Let's begin with the first question. Could you please comment on the main reasons for such a decrease in the price of Novaturas shares? Thank you. Hello, dear investors and members of financial community. I would comment that we as a company focus on two main areas. One area is definitely the company results, company activity, proper strategy of the company, always reflecting the current situation on the markets. We are doing lots of activities to be as efficient as possible and to achieve as high results as we are able in the environment. From a second point of view, we are trying to be very transparent company, and we are very much focusing on investor relations. We are trying to be one of the most transparent and reliable companies regarding information which we are presenting to the investors. We believe that in the long run, these two main focus areas should allow our investors to have a high return on their investment. Thank you very much for your answer. Another question is as following: do you have business in Belarus, and do you have plans on expanding your business abroad? Thank you. In terms of Belarus, because of the obvious reasons, we suspended our sales activity there. I would like to highlight as well that in Belarus, we did not do any kind of tour operating business from there. We did not operate flights. We were mainly focusing on it as a distribution channel. We were selling our package tours from Lithuania to Belarusians, but now definitely because of the pandemic and because of the political situation in Belarus, we have suspended it. The company is constantly looking not only on increasing its position in the current business scope, but also we are constantly evaluating possibilities to develop further. However, at this stage, I would not be able to comment more details on this. Thank you very much. Another question that we received is as following: as per your understanding, what could be the potential impact of the third COVID wave on Novaturas business, especially number of customers served, please? Thank you. Yes. Actually, because of that, we also did not provide the financial forecast for the third quarter because all of us hear and see what's happening worldwide. As I have mentioned already during my presentation, and also the fact that during the most strict lockdown in the first quarter, we managed to do business activity and to generate very positive financial results. Because of that, we are very much sure that we will be able to continue with our business even in the case of the third wave. What allows us to think so are the following. First of all, the vaccination processes, which whereas, let's say, around 40% or 50% of the society we can expect to be vaccinated, and the vaccinated travelers, they can easily travel without any additional regulations between at least the European Union countries. Second thing is the standardized travel regulations, which was not the case in the last year. There was a lot of chaos. Now it is very clear what kind of requirements are applied to all countries, and it ensures safe traveling, because there are tests before and coming back. There are self-isolation requirements in the case of you are coming back from the country that has the high epidemiological ratios. The European Union has accepted and standardized these regulations for traveling. As well, the infrastructure adaptation. All resorts in the destinations are completely prepared to serve the customers under such circumstances, in such environment, and this already has been done in 2020. All those factors are kind of a guarantee or ensuring that you can travel safely. Therefore, I'm pretty sure that there would not be such strict regulations and strict lockdown like the first that we had last year where we could not operate any destinations. Since there will be a possibility to operate destinations or at least some of the destinations, we will of course do our best to be the ones, like usually, that offer those destinations to the clients with the most attractive conditions. The market is already willing to travel. The people already got used to this, to the traveling conditions in this context of pandemic. Thank you very much for your answer. Another question is as following. The company received the second tranche of EUR 10 million bonds investment in May and June. However, the company repaid EUR 2.5 million in July. What is the reason behind such early repayment? Any plans to repay more in the near future, please? The company negotiated with VIVA Fund regarding this investment from the end of year 2020 till February of 2021. Of course, during those negotiations, we were thinking about the worst possible scenarios, and the EUR 10 million investment was taken thinking about very negative scenario of not being able to open in 2021. As you can see, the company has been able to increase operational activity during 2021 first half. Each month is significantly improving in volumes. Also company is generating very positive margins. There is no such high need of additional cash cushion currently, and that's why the decision was to repay EUR 25 million already in July. Regarding further repayments, the company will decide later on, and if a decision will be made, it will be properly announced to the financial community. Thank you very much for your answer. We have received one more question, which is as following: apart from having first-mover advantage due to opening of holidays destinations, are there other reasons for such high profit margins compared to 2019, please? I will comment on this question. Yes, I would say that the very important factor was already mentioned in the question. We were the first ones to open the destinations in the winter season, and then even though the competition followed in April with certain summer destinations still, let's say we were the first ones to open the other destinations as well, such as Greece, Bulgaria, and so on. I would say that the factor that we were first ones, plus certain destinations, maybe due to our position in the market, we are able to offer many more destinations than the others. This gives us also to have, let's say, possibility maybe to have less competition on certain destinations, I would say exclusives or demand of exclusive destinations that we have, such as Montenegro and certain destinations we will open in September. This also might be the factor of this profit per pax. Finally, I would also like to say that we are working very much actively with our suppliers, and we are constantly, continuously reducing the net costs. This, of course, is a very important factor for the profit per pax. Due to the very dynamic situation of the destinations, the hotels are also continuously reviewing the prices, and we are doing this on the daily basis, and taking the biggest advantage from wherever we can in order to be able to offer our clients the most attractive commercial conditions, and also to increase our profitability and to improve our company's result, which is very much needed, especially after the crisis. The state aid measures which helped us to decrease, which helped us or contributed to our company's results. I would say those main factors. Thank you very much. It seems we have the last question for today, which is as following: what is the situation with the lawsuit against GetJet Airlines? What is the claim amount for the company, and significant sums should be disclosed for investors. Thank you. Okay, I would comment on this question. The lawsuit is ongoing, and unfortunately at this stage, we are not able to indicate any kind of details because still there are Let's say the result or the continuation of the lawsuit, it has many scenarios, therefore, at this stage we are not able to name any details. Thank you very much for your answers. It seems that all the questions were answered. On behalf of Nasdaq Vilnius, thank you, everyone. It was our pleasure being with you today. Recording of the presentation will be available in the Nasdaq Baltic YouTube channel. Dear management, thank you for the presentation and a very interesting Q&A session. Have a good day, everyone. Goodbye. Thank you.