Tim Wilson

Morning.

Good morning, Mike.

This seems to be unfolding fairly quickly.

Is this it, or is there more to come?

This, if you're referring to the sort of the financial outcome for the airline, it's tied into how long the conflict's going to last.

So the longer it lasts, the worse it could get for you?

It won't necessarily get worse from a run rate perspective, but it will mean that it weighs us down as far as our financial results are concerned.

See, fuel's down.

So is that not getting better for you?

Fuel being down is helpful, but it's all context, isn't it?

Normal for us is $85 a barrel.

It's gone down from the heady heights of 200 down to about 150.

So it's down, but not down enough.

I can't see it getting any worse.

I mean, I don't want to get into politics too much, but they're not going back to war.

The Strait will open at some point in some way, shape or form.

So I don't see it getting as bad as it was.

Therefore, that's a good news story-ish for you, isn't it?

I tend to agree with you.

I have to be optimistic about this.