Operator

Good day, and thank you for standing by. Welcome to the Lufthansa Group Q1 2026 Results Analyst Call. [Operator Instructions] Please be advised today's conference is being recorded.

I would now like to hand the conference over to your first speaker today, Marc Nettesheim. Please go ahead.

Marc-Dominic Nettesheim

Yes. Thank you very much, and welcome, ladies and gentlemen, also from my side to the presentation of our first quarter results 2026. With me today are our CEO, Carsten Spohr; and our CFO, Till Streichert. Both of them will present our results for the first quarter and discuss the commercial outlook for the remaining 9 months of this year. And afterwards, as always, you will have the opportunity to ask questions and please limit your questions to 2 so that everybody has a chance to participate in the Q&A session. Thank you very much.

And with that, Carsten, now over to you.

Carsten Spohr
Chairman of the Executive Board & CEO

Yes, Marc, thank you very much, and a warm welcome from me as well. It's, yes, exactly 2 months since we presented here from this building our full year 2025 results to you. And I think you would agree that the dynamics