And what we can see is that every 15 years, the number of people traveling doubles. That's always been the case.

Jul 31, 2023 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2023-07-31 | transcript bb7bc0b2-78de-4f2c-9301-1ff42aa94288 | chars 17547-17659 | segment 18

We can see the first thing people did post-COVID, spend on travel.

Jul 31, 2023 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2023-07-31 | transcript bb7bc0b2-78de-4f2c-9301-1ff42aa94288 | chars 17660-17726 | segment 18

We continue to see further evidence of the travel recovery as Europe, the Americas, and Asia all now exceed 80% of 2019 levels, with China being the latest driver.

Mar 2, 2023 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2023-03-02 | transcript 442739a4-20b5-4a74-ba54-15f9032f2beb | chars 3700-3863 | segment 3

More encouraging is that the rest of Asia continues to ease restrictions and reopen borders. All the key tourist markets in Southeast Asia as well as India and Australia are now open to international travel.

May 17, 2022 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2022-05-17 | transcript 0f6e7f50-203e-453d-88fe-de34828d1b6f | chars 5431-5638 | segment 5

In addition, the reopening of the US international market earlier this week should provide a significant boost to long-haul travel demand.

Nov 10, 2021 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2021-11-10 | transcript 4bc65f8f-0fbc-412e-9201-7829e082080c | chars 3273-3411 | segment 3

In Europe, the strong recovery has been sustained by the success of the vaccine rollout and the digital COVID certificate, which has made international travel much easier for airlines, airport operators and travellers.

Nov 10, 2021 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2021-11-10 | transcript 4bc65f8f-0fbc-412e-9201-7829e082080c | chars 3994-4212 | segment 3

So as we look forward, the global vaccine rollout is proving effective. More and more countries are opening up to air travel, and the demand for aircraft leasing is growing stronger. These factors are all contributing to a stronger financial performance for AirCap.

Jul 29, 2021 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2021-07-29 | transcript db4fb7cd-6a35-4554-b4bc-e18a024d4d2a | chars 7025-7290 | segment 6

The positive headline for the quarter is that the airline industry is witnessing an unprecedented and rapid recovery in air travel in many of the world's major markets. For air cap, this has led to increased demand for our aircraft and a significant increase in our cash flows for the period.

Jul 29, 2021 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2021-07-29 | transcript db4fb7cd-6a35-4554-b4bc-e18a024d4d2a | chars 1976-2268 | segment 1

The EU Digital COVID Certificate is now accepted by all 27 EU countries, of which 20 have already opened their borders to American citizens for non-essential travel. We hope in the near term that this action by the Europeans will be reciprocated by the U.S. administration. This would be particularly meaningful for the transatlantic market, which is one of the most important and profitable routes in the world.

Jul 29, 2021 / CEO / receipt, needs a key / Ingus Kelly, CEO | earnings call 2021-07-29 | transcript db4fb7cd-6a35-4554-b4bc-e18a024d4d2a | chars 4150-4562 | segment 4