Michael, very welcome to Oslo. It's great to have you here.

It's a great pleasure to be here, particularly on such a sunny day in Oslo.

Absolutely. Michael, you probably don't remember this, but 23 years ago you sent me a letter,

which I framed and put on the wall, because in don't remember this, but 23 years ago you sent me a letter, which I framed and put on the wall.

Because in this letter, this was just after I had received some kind of award for being some kind of best fund manager or whatever.

I beat my boss.

And you sent a letter and suggested that our salaries should be adjusted accordingly.

And I thought it was such a cool letter.

So do you write a lot of letters?

I do.

Generally speaking to fund managers, but usually of them asking why they're not investing in Europe's

leading low-cost airline.

How many letters do you write a week, you think?

Oh, I'd say probably at least 10 a day.

10 a day? Yeah, now most of my letters are'd say probably at least 10 a day. 10 a day?

Yeah, now most of my letters are generally to airports, government tourism ministers these days,

less so to fund managers.

But, you know, we're always trying to push the Ryanair brand and our growth story.

And what do you tell the airports?

I tell the airports that you need to lower your costs.

There is huge growth available out there, particularly in a post-COVID recovery period,

and that Ryanair, with over 150 new aircraft deliveries over the next four years, is the only

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