Given the cost advantages that Ultra Low Cost Carriers have over Full Service Carriers, what are investors expecting in terms of Cost of Available Seat-Kilometer reduction when exiting Chapter 11? What are airlines’ own expectations? From the initial cost cutting plan, what cost targets have been achieved and which have not? Why haven’t they been reached? What were the key takeaways from the negotiation process with lessors?

• What are the top three results in terms of cost reduction from the current restructuring process? 

• Given the cost advantages that Ultra Low Cost Carriers have over Full Service Carriers (usually between 40% to 50%), what are investors expecting in terms of Cost of Available Seat-Kilometer reduction when exiting Chapter 11? What are airlines’ own expectations? 

• From the initial cost cutting plan, what cost targets have been achieved and which have not? Why have not been reached yet and what would you do differently if you have a second opportunity?

• What were the key takeaways from the negotiation process with lessors?