The number of passengers fell by 3.3% to slightly less than 9.7m passengers, which brought the ytd number to just below 41m, an increase of only 0.6%. As management had increased the offer by 2.2% but demand fell by 2.1%, the SLF was down by a stunning 3.4pp to 76.4% (-1.7pp to 75.5% ytd). The development was similar in Logistics. The offer was up by 0.9% but demand fell by 2.9%. Consequently, the FLF fell by 2.5pp to 62.2% (-2.5pp to 65.5% ytd). The May number of passengers was down to/from al ....