Unknown Executive: [Audio Gap] The year kept us rather busy because we saw challenging market conditions. On the one hand, we had a decrease in our tariffs of 4.5% in passenger tariffs and 2.1% in landing tariffs. We saw the move of Wizz Air from Vienna to Bratislava and the closure of their base in Vienna and also Ryanair decreased seat capacity. And on top of that, the conflict in the Middle East also substantially negatively influenced passenger numbers. The volume to the region was down roughly 45% in the first half of 2026. We see now a recovery, but it's still at roughly minus 30, so not at the previous levels. So putting all that together, it resulted in passenger decrease in Vienna. And what we not expected in that amount, all that was outweighed by a dynamic growth in Malta and also in Kosice. So Malta grew with 15.6% and Kosice above 40% plus. And Kosice is the reason that public service obligation was awarded from the Republic of Slovakia to Wizz Air to serve the destination Kosice to Bratislava. So putting all together, we saw slight increase in turnover and a slight increase in total passenger numbers for the group. Resulting from that, we can slightly improve our passenger and financial guidance. So our passenger guidance can now be raised to approximately 42.5 million from before 41.5 million and a plus of 500,000 to 30.5 million passengers in Vienna. We also can slightly improve our financial guidance with a revenue of around EUR 1.080 billion, EBITDA of around EUR 425 million and net profit before noncontrolling interest of around EUR 220 million and net profit attributable to equity holders of the parent of around EUR 190 million. The difference from EUR 220 million to EUR 190 million outlines the growing impact of Malta for our group results. So if we look at the figures in detail, you see that revenue is more or less flat with 0.9%. EBITDA is up 7.3%. EBIT is up 9.1%. Financial results are still positive, but decreasing that is due to lower interest rates and also to lower volume as we will see later. So the group net profit ends up with EUR 123.2 million. It's a plus of 7% and after noncontrolling interest to EUR 108.3 million, plus 5.4%. The reasons for the higher profitability are, on the one hand, cost management and cost reductions. If we go into the detail, for example, one major position is maintenance, and we have not reduced the level of maintenance. So the expenses are more or less around the figures of last year, but we had provisions for some of the projects who could be used this year. And higher investments also include more own personnel used for these investments. So also there, we see a positive effect for overall results. And February -- January, February had a very severe winter. So also revenues from de-icing contributed positively. But more than half of the positive effect comes from the results in Malta. If we look at the operating expenses, you see depreciation and amortization is slightly up. And this is a trend we will see also in the coming years, both in Vienna and in Malta, and it's the result of our investments there. Other operating expenses are strongly lower with 13.8% to EUR 74.6 million. And very important personnel expenses are only up with 1.2% due to the fact that we reduced staff throughout the year, roughly 200 headcount. The reduced maintenance expenses, as I already outlined, are connected with provisions we could use from last year. And there are cost reductions and cost improvements all over the Board and all our departments and daughter companies were part of our cost savings program. Cash flow is slightly lower than last year. Also free cash flow, CapEx is up to EUR 150.8 million. Net liquidity is strongly reduced due to the fact that we paid out dividends, and we are also paying for the investment. The dividend payment has also slightly reduced our equity, but the equity ratio still is at 72.4%. If we look at our AirportCity development, it's really going very, very well, especially our SpaceHub. We have in total 5 new companies who settle on the airport. And the cooperation between the European Space Agency, Phi-Lab and the companies here is very productive. So this autumn, the first Austrian satellite will be launched, and it was assembled here in Vienna and 3 more will follow next year. And the companies have very strong growth expectations for the coming years. And as Austrian will move out of our Office Park 2 and settle down on the new Office Park 4 NEXT, we will have plenty of room for further development of these companies. The new hotel has already started operation end of June. It's now owned by Leonardo Group. And that's a very professional hotel operator. And I think we will see a good development also there. The regulatory environment still is very difficult. And it's homemade and it's Europe made, partly both. The problem with the ticket tax is an internal problem of Austria. Only 9 countries within the European Union charge a ticket tax. Austria is among the most expensive ones. And for low-cost carrier, that's a very substantial burden. And Bratislava is just 55 kilometers from Vienna and there, the tax is 0. So we need a substantial reduction of this tax. And the first announcement of the double budget is that roughly EUR 30 million per year for '27 and '28 are now reserved. And we hope that there will be the possibility to even increase this sum so that the competitiveness of our airport can be strengthened again. On the other hand, we see a very burdensome legislation on the European level. And if we compare the development of the aviation sector in Europe to other regions, we see that Europe is losing ground all over the board. And there is an urgent need to reform the hostile EU regulations against the growth of aviation. Financial guidance, I already mentioned. So putting again all together, revenue approximately EUR 1.080 billion, EBITDA EUR 425 million, group net profit EUR 220 million, after minorities EUR 190 million, CapEx EUR 330 million. So on the basis of these developments, let me continue with traffic development for our group. So the growth in the first half of '26 was 1.9% due to 15.6% in Malta and 43.5% plus in Kosice, which totals to 1 million something in passenger numbers and plus, and we saw minus 3.2% in Vienna. If we look at July figures, you see the growth in Malta is more or less the same with 14.7%. Kosice is growing less with 16.9%. So we could outweigh the negative effects in Vienna through the growth in Malta and Kosice. If we look at Vienna in detail, we had 14.3 million passengers and the decrease in July was 4.7%. So for the rest of the year, it will be somewhere around minus 5% for Vienna. Local passenger 3.9% (sic) [ minus 3.9% ], transfer passenger minus 2%. Flight movements, minus 4.6%. Cargo was more or less even. What was very positive is that the seat load factor increased by 1.7 points. And what should be stressed is that Austrian, our home carrier, had a very robust growth of 6.1% to 6.9 million passengers. And the seat load factor there was up 3.1% (sic) [ 3.1 percentage points ]. So they had offset partly what Ryanair reduced in Vienna. Unfortunately, the high fuel costs put their results into a negative territory. If we look at the market share, we see that Austrian gained market share and Ryanair still is the second largest carrier, but has lost market share. And then you see Eurowings, Turkish and the rest of smaller airlines. Lufthansa Group has increased its overall percentage of total passenger volumes to 52%. And it was a shift in favor of network carriers, low-cost traffic down by 18%. If we look at the regional development, we see plus in Western Europe and North America and also Africa, strong plus for the Far East, reduction by 45% for Middle East and minus 12% for Eastern Europe, where we also saw a decline. What is very important from our perspective is that in respect of operational performance, Austrian is best-in-class within Lufthansa. And in regard of punctuality, we are really still among the best in Europe and that has been a little bit also supported by the fact that we have this summer relatively few thunderstorms, which normally disturb summer operations to a certain degree. But the partnership between our home carrier and the system partners here in Vienna is very productive and enables these developments. We have been awarded Best European Airport 2026 from 25 million to 40 million passengers by ASQ. And our Vienna Lounge was named Best Airport Lounge in Europe for the third year in a row by Priority Pass. So I hope you have sooner or later the possibility to pass by and use it. Despite the overall turbulences, we had several new airlines or new frequencies, so airBaltic, China Eastern, Air Corsica, Royal Jordanian, Salam Air, AnimaWings. And we are serving right now roughly 200 destinations from Vienna and 21 long-haul destinations to North America and the Far East. So we hope that the aspiration of Austrian to grow, especially long haul will be supported by Lufthansa. 3 new Dreamliners already arrived, 2 more should come in the coming months. So altogether, as already mentioned, a slight improvement of traffic forecast by 1 million. And we are quite sure that we can reach these figures if not a new hot war breaks out in the Middle East. If we look at the segments, clearly, Airport segment suffered from lower passenger volume and reduced fees. The termination of winter incentive was partially offsetting this unfavorable development. And we had a very successful implementation of the entry/exit system. Unlike in many other airports, we have no problems and waiting times are within reasonable frame. So this is a very positive fact to be mentioned. Handling & Security Services have profited from de-icing income in the winter month and before, I think, end of July, a new license was issued for a handling agent in Vienna, which will replace [ Airport Assistance Swiss ] from October this year. Retail & Properties developed well, especially income for advertising and also food and beverage outlets, the lounges, lower results we saw in parking because they are closely related to local passenger numbers. We had gains from cost efficiency program and therefore, overall profitability of the Retail & Properties segment improved on the EBITDA margin with 3.6% to 52%. Malta, I already mentioned the growth in the airport is more or less related and closely connected with the growth of hotel capacities. And therefore, I think it's well secured and grounded and hand-in-hand with these passenger numbers going up. Also the investment program in Malta is accelerated. There is an investment of roughly EUR 300 million for especially terminal buildings for office park, hotel and infrastructure that should be realized in the coming years and should contribute to the further positive development of Malta. If you look at the figures, you see EBITDA is up EUR 8.1 million, 17.9%, EBIT is up EUR 6 million, 16.3%, and revenue up EUR 10.6 million, 14.8%. Our South Expansion is the biggest investment and project we are working on right now. It's in budget, it's in time, and we are optimistic that the time schedule will work so that we can open it in the second quarter of 2027, and it will substantially improve the situation here in regard of shopping of security control of restaurants. And I hope people will feel very, very fine in this new environment. So that's from my side, and please come forward with your question.

Unknown Attendee: [Operator Instructions] Vladimira was the first one this afternoon.

Vladimira Urbankova: Congratulations. Very nice set of numbers, definitely better than expected in the first half. And I would have just a few questions. First one would be related to this new fund you mentioned that the Austrian government is making available EUR 30 million per annum into its budget. So in total, EUR 60 million. What kind of benefits do you see for Vienna International Airport? If you could be a little bit more specific in which areas you will be benefiting? Next question is related to the winter flight schedule. Of course, this is practically around the corner. So far, we have got really not much information. But for example, Austrian Airlines mentioned that streamlining of winter flight schedule is unavoidable. What do you think it could be impact on you in this case? Or if you have maybe a little bit more information, both related to Austrian Airlines as the most important carrier in Vienna, but maybe some other airlines as well, what to expect from winter schedule. And then one technical question related to the segment performance. We have seen in segments that in Handling, you had some benefit from de-icing. Without de-icing, of course, assuming until the end of the year, do you still expect that the segment will be in black territory on the EBIT level for the full year? What is the outlook?

Unknown Executive: Yes. Starting with your last question, yes, I think we should be in positive territory throughout the year. I mean it will depend a little bit on the winter schedule, flight schedule, but let's hope things are expanding somehow, and we will not see a real war again in Middle East because this would, in any case, negatively affect traffic also here in Vienna. Winter flight schedule, we have no detailed visibility so far. What we heard is that especially Lufthansa and Austrian as a part of Lufthansa has reacted to higher fuel prices with a very severe cost savings program. And some destinations might be canceled. Some have already been announced like Graz, which was served by Austrian to Vienna and which will not be served in the winter schedule. Yes, I mean, it's -- I think full year were 60,000 passengers Graz to Vienna and back. So it's working, but it's not a decisive thing. And the allocation of funds from the government should be used to reduce the ticket tax. And I hope that they can find more money because it's one of the few possibilities where you can steer growth more or less immediately through public measures. And if you put together all effects, the growth we could expect by, for example, halving the ticket tax would bring finally at least the same income for the state or even more than keeping it as it is now. So there are new -- there would be additional jobs, additional restaurant hotels and all that stuff for additional passengers. So I think it would be a very wise move to allocate some additional funds for this measure to steer growth, at least in the aviation and tourism sector.

Vladimira Urbankova: Just to clarify this, you are talking about existing funds allocation of this EUR 60 million or hopefully...

Unknown Executive: No. This is already passed.

Vladimira Urbankova: Already passed. Okay.

Unknown Attendee: Elias, please continue.

Elias New: I've got a few left. I'll take them one by one. I guess my first one is on your new traffic guidance for 2026. I'm just wondering because for Vienna, I mean, passenger volumes declined by just 3% in the first half, including second quarter around 7%. And your current guidance for 30.5 million passengers would imply a quite significant decline of around 9% in the second half, which would seem quite unlikely from today's perspective, I guess. I mean, just considering Middle East headwinds somewhat moderating in terms of the latest traffic developments we see. So I guess my question is, does the new guidance still include a margin of safety here? Or what sort of adverse scenarios have you baked into the current traffic guidance for Vienna?

Unknown Executive: It includes a little bit of caution because we have no real visibility about Middle East developments. And as discussed before, we could see some destinations canceled by Austrian in the winter schedule.

Elias New: Okay. That's clear. And I guess just sticking with the sort of traffic development. I mean, I know we've got the Wizz and Ryanair capacity cuts that are still weighing on traffic development. And if I recall correctly, at the beginning of the year, you mentioned that you'd be able to offset around 1/4 to 1/3 of that headwind of around 300 -- 3 million passengers to that shortfall from Wizz and Ryanair. So I'm just wondering, given Austrian airlines expanding capacity and other airlines adding new routes, whether you still expect to have around 1/3 of that or what the current share of these low-cost carrier capacity...

Unknown Executive: It's more. I mean it's a little bit more now due to the growth of Austrian. I mean it's definitely above initial expectations that they could grow by more than 6%. And it will very much depend on the further development of the fuel prices. I mean, if fuel prices would go down, I think this would help to keep some of the current destinations. If fuel prices stay up high, I think this would trigger maybe some capacity reductions from airline side.

Elias New: Okay. Great. But so more than the 1/3 that you were previously sort of hoping, just said. So I guess maybe around 40% would be a good guess right now.

Unknown Executive: Yes. Yes.

Elias New: Okay. And I guess 2 final quick ones from my side. One would be on the cost trends. I mean, how should we expect material and personnel costs to evolve over the remainder of the year with material costs largely flat in the first half, personnel costs slightly up. Just wondering whether you sort of expect a similar development in the second half?

Unknown Executive: Yes. Personnel costs should be up a little bit more because the new collective agreement with 2.4% plus started 1st of May. So the full effect will be included in the second half.

Elias New: Okay. But on the material side...

Unknown Executive: Material side should stay stable.

Elias New: And a final one, just on the Austrian air travel tax, I guess. I mean, I'm just wondering if there's anything you can share in terms of conversations you've had with airlines. How material is the risk that you see further capacity cuts further down the line, just given the stark contrast Bratislava has 0 aviation tax versus very high at EUR 12. Just wondering if there's any color you can share in terms of conversations with airlines, what you're hearing?

Unknown Executive: For the low-cost carriers, it's a very substantial burden. So given their flexibility to place airplanes here or there, I would not rule out that they move to further cuts if nothing happens. So the first signal that at least a reduction of EUR 30 million is underway might bring some relief. I mean, it's not enough, definitely not. And the volume has at least to be more than doubled to have an immediate positive effect. But it's more than nothing. So given the overall problems in regard of the budget, I think it's already a good signal.

Unknown Attendee: Simon, you previously raised your hand. Now you put it down. Have all questions you wanted to ask been answered? Or was it accidentally?

Simon Keller: No, all questions have been answered so far already.

Unknown Executive: Any other questions to be asked, any other topics something we didn't touch. That seems all fine. Then thank you as every quarterly result for your interest in the company, for dialing in, for asking your questions. We are out on a couple of road shows in the next weeks. It's next week, Kepler Digital Transportation Conference, then it's [ BADA and New Ways ] in September. So anyone taking part in this conference is happy to reach out in person. And otherwise, I'm always here for you for any questions you might have, and wish you a good afternoon and rest of the day.

Unknown Executive: Okay. Thank you. All the best. Bye-bye.

Unknown Executive: Thanks very much.

Unknown Executive: Bye. Have a good afternoon.