{"id":1338,"date":"2022-04-16T22:16:24","date_gmt":"2022-04-16T13:16:24","guid":{"rendered":"https:\/\/1up-life.blog\/?p=1338"},"modified":"2022-04-16T22:16:24","modified_gmt":"2022-04-16T13:16:24","slug":"%e3%80%90%e7%bf%bb%e8%a8%b3%e3%80%91%e3%83%87%e3%83%ab%e3%82%bf%e8%88%aa%e7%a9%ba-nysedal2022%e5%b9%b4%e7%ac%ac1%e5%9b%9b%e5%8d%8a%e6%9c%9f%e6%b1%ba%e7%ae%97%e8%aa%ac%e6%98%8e%e4%bc%9a","status":"publish","type":"post","link":"https:\/\/1up-life.blog\/?p=1338","title":{"rendered":"\u3010\u7ffb\u8a33\u3011\u30c7\u30eb\u30bf\u822a\u7a7a (NYSE:DAL)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a"},"content":{"rendered":"

\u30c7\u30eb\u30bf\u822a\u7a7a (NYSE:DAL)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002<\/p>\n

\u4eca\u56de\u306e\u6c7a\u7b97\u306f\u30b3\u30b9\u30c8\u5897\u3082\u3042\u308b\u4e2d\u3067\u58f2\u308a\u4e0a\u3052\u30fbEPS\u5171\u306b\u30af\u30ea\u30a2\u3057\u3066\u304a\u308a\u826f\u304b\u3063\u305f\u3067\u3059\u3002<\/p>\n

\u822a\u7a7a\u682a\u304c\u826f\u3044\u306e\u3067\u65c5\u884c\u95a2\u9023\u3082\u671f\u5f85\u3067\u304d\u307e\u3059\u306d\u3002<\/p>\n

\"\u30c7\u30eb\u30bf\u822a\u7a7a

\u30c7\u30eb\u30bf\u822a\u7a7a (NYSE:DAL)\u682a\u4fa1<\/p><\/div>\n

\u524d\u56de\u306e2021\u5e74\u7b2c4\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306f\u3053\u3061\u3089<\/a>\u3067\u3059\u3002<\/p>\n

\u30c7\u30eb\u30bf\u822a\u7a7a (NYSE:DAL)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a<\/strong><\/span><\/p>\n

Call participants:
\nJulie Stewart — Vice President, Investor Relations
\nEd Bastian — Chief Executive Officer
\nGlen Hauenstein — President
\nDan Janki — Chief Financial Officer
\nMike Linenberg — Deutsche Bank — Analyst
\nCatherine O’Brien — Goldman Sachs — Analyst
\nBrandon Oglenski — Barclays — Analyst
\nHelane Becker — Cowen and Company — Analyst
\nConor Cunningham — MKM Partners — Analyst
\nMyles Walton — UBS — Analyst
\nDuane Pfennigwerth — Evercore ISI — Analyst
\nJamie Baker — J.P. Morgan — Analyst
\nAndrew Didora — Bank of America Merrill Lynch — Analyst
\nSavi Syth — Raymond James — Analyst
\nDavid Vernon — Sanford C. Bernstein — Analyst
\nRavi Shanker — Morgan Stanley — Analyst
\nSheila Kahyaoglu — Jefferies — Analyst
\nTim Mapes — Chief Marketing and Communications Officer
\nLeslie Josephs — Airline Reporter
\nAlison Sider — Airline Reporter
\nDavid Koenig — Business Reporter
\nPeter Carter — Chief Legal Officer
\nDawn Gilbertson — Consumer Travel Reporter
\nNiraj Chokshi — Business Reporter
\nMore DAL analysis<\/p>\n

2022\u5e744\u670813\u65e5\u5348\u524d10\u664200\u5206<\/p>\n

\u904b\u55b6\u62c5\u5f53\u8005<\/p>\n

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\u3069\u3046\u305e\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

\u30b8\u30e5\u30ea\u30fc\u30fb\u30b9\u30c1\u30e5\u30ef\u30fc\u30c8 — \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u526f\u793e\u9577
\n\u30a8\u30a4\u30d7\u30ea\u30eb\u3055\u3093\u3001\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u30022022\u5e743\u6708\u671f\u306e\u6c7a\u7b97\u8aac\u660e\u4f1a\u306b\u3054\u53c2\u52a0\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u672c\u65e5\u306f\u30a2\u30c8\u30e9\u30f3\u30bf\u304b\u3089\u3001CEO\u306e\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3\u3001\u793e\u9577\u306e\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3\u3001CFO\u306e\u30c0\u30f3\u30fb\u30b8\u30e3\u30f3\u30ad\u304c\u53c2\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u5192\u982d\u3001\u30a8\u30c9\u304c\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u696d\u7e3e\u3068\u6226\u7565\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u306f\u3001\u53ce\u76ca\u74b0\u5883\u306b\u95a2\u3059\u308b\u6700\u65b0\u60c5\u5831\u3092\u304a\u4f1d\u3048\u3057\u307e\u3059\u3002\u30c0\u30f3\u306f\u3001\u30b3\u30b9\u30c8\u30fb\u30d5\u30ea\u30fc\u30c8\u304a\u3088\u3073\u30d0\u30e9\u30f3\u30b9\u30fb\u30b7\u30fc\u30c8\u306b\u3064\u3044\u3066\u8aac\u660e\u3057\u307e\u3059\u3002\u3053\u306e\u5f8c\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u7686\u69d8\u304b\u3089\u306e\u3054\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u307e\u3059\u304c\u3001\u3067\u304d\u308b\u3060\u3051\u591a\u304f\u306e\u65b9\u306b\u304a\u7b54\u3048\u3067\u304d\u308b\u3088\u3046\u3001\u3054\u8cea\u554f\u306f1\u3064\u306b\u7d5e\u3063\u3066\u3044\u305f\u3060\u304d\u3001\u7c21\u5358\u306a\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u304a\u9858\u3044\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u8cea\u7591\u5fdc\u7b54\u306e\u5f8c\u3001\u30e1\u30c7\u30a3\u30a2\u304b\u3089\u306e\u8cea\u554f\u306b\u79fb\u308a\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u672c\u65e5\u306e\u767a\u8868\u6587\u306b\u306f\u3001\u5c06\u6765\u306e\u4e8b\u8c61\u306b\u95a2\u3059\u308b\u5f53\u793e\u306e\u898b\u89e3\u3084\u671f\u5f85\u3092\u8868\u3059\u3001\u5c06\u6765\u306e\u898b\u901a\u3057\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u304c\u542b\u307e\u308c\u3066\u3044\u307e\u3059\u3002\u3059\u3079\u3066\u306e\u300c\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u300d\u306b\u306f\u30ea\u30b9\u30af\u3084\u4e0d\u78ba\u5b9a\u306a\u8981\u7d20\u304c\u542b\u307e\u308c\u3066\u304a\u308a\u3001\u5b9f\u969b\u306e\u7d50\u679c\u306f\u300c\u5c06\u6765\u4e88\u60f3\u306b\u95a2\u3059\u308b\u8a18\u8ff0\u300d\u3068 \u5927\u304d\u304f\u7570\u306a\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u5dee\u7570\u3092\u751f\u3058\u3055\u305b\u308b\u8981\u56e0\u306e\u4e00\u90e8\u306f\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306eSEC\u63d0\u51fa\u6587\u66f8\u306b\u8a18\u8f09\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u975eGAAP\u8ca1\u52d9\u6307\u6a19\u306b\u3064\u3044\u3066\u3082\u8aac\u660e\u3057\u307e\u3059\u3002\u7279\u306b\u65ad\u308a\u306e\u306a\u3044\u9650\u308a\u3001\u3059\u3079\u3066\u306e\u7d50\u679c\u306f\u7279\u5225\u9805\u76ee\u3092\u9664\u3044\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n

\u975eGAAP\u6307\u6a19\u306e\u8abf\u6574\u8868\u306f\u3001ir.delta.com\u306e\u6295\u8cc7\u5bb6\u5411\u3051\u60c5\u5831\u30da\u30fc\u30b8\u3067\u3054\u89a7\u3044\u305f\u3060\u3051\u307e\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u30a8\u30c9\u306b\u96fb\u8a71\u3092\u304a\u7e4b\u304e\u3057\u307e\u3059\u3002<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3 — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

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3\u6708\u671f\u306e\u58f2\u4e0a\u56de\u5fa9\u7387\u306f2019\u5e74\u30ec\u30d9\u30eb\u306e79%\u306b\u9054\u3057\u3001\u5f53\u521d\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306e\u4e2d\u9593\u70b9\u30925\u30dd\u30a4\u30f3\u30c8\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u4e88\u60f3\u901a\u308a\u30011\u6708\u30682\u6708\u306f\u55b6\u696d\u640d\u5931\u3092\u767a\u751f\u3055\u305b\u307e\u3057\u305f\u3002\u30aa\u30df\u30af\u30ed\u30f3\u304c\u5f8c\u9000\u3059\u308b\u306b\u3064\u308c\u3001\u9700\u8981\u304c\u6025\u5897\u3057\u30013\u6708\u306f\u5805\u8abf\u306a\u5229\u76ca\u3078\u306e\u5909\u7bc0\u3092\u652f\u3048\u307e\u3057\u305f\u3002\u30c7\u30eb\u30bf\u822a\u7a7a\u306f\u3001\u30c0\u30a4\u30ca\u30df\u30c3\u30af\u306a\u74b0\u5883\u306e\u4e2d\u3067\u3001\u30af\u30e9\u30b9\u6700\u9ad8\u306e\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u3001\u9867\u5ba2\u3001\u8ca1\u52d9\u7d50\u679c\u3092\u63d0\u4f9b\u3057\u7d9a\u3051 \u3066\u3044\u307e\u3059\u3002<\/p>\n

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\u3053\u308c\u3089\u306e\u884c\u52d5\u306f\u3001\u793e\u54e1\u3068\u6210\u529f\u3092\u5206\u304b\u3061\u5408\u3046\u3068\u3044\u3046\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u9577\u5e74\u306e\u4fa1\u5024\u89b3\u3068\u4e00\u81f4\u3057\u3066\u3044\u307e\u3059\u3002\u9700\u8981\u306e\u56de\u5fa9\u306b\u4f34\u3044\u30013\u6708\u306f\u63d0\u4f9b\u5ea7\u5e2d\u6570\u304c10\uff05\u5c11\u306a\u3044\u306b\u3082\u304b\u304b\u308f\u3089\u305a\u30012019\u5e74\u6625\u304b\u3089\u306e\u904e\u53bb\u306e\u8a18\u9332\u3092\u4e0a\u56de\u308a\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u53f2\u4e0a\u6700\u9ad8\u306e\u73fe\u91d1\u58f2\u4e0a\u9ad8\u3068\u306a\u308a\u307e\u3057\u305f\u30023\u6708\u306f\u30012019\u5e74\u3068\u6bd4\u8f03\u3057\u30662\u5e74\u3076\u308a\u306b\u53f0\u6570\u53ce\u5165\u304c\u30d7\u30e9\u30b9\u3068\u306a\u308a\u3001\u5171\u540c\u30d6\u30e9\u30f3\u30c9\u306e\u7372\u5f97\u3001\u5171\u540c\u30d6\u30e9\u30f3\u30c9\u306e\u652f\u51fa\u3001\u8ca8\u7269\u53ce\u5165\u3082\u904e\u53bb\u6700\u9ad8\u3092\u9054\u6210\u3057\u307e\u3057\u305f\u3002\u56fd\u5185\u6d88\u8cbb\u8005\u306e\u53ce\u76ca\u306f2019\u5e74\u306e\u6c34\u6e96\u3092\u8d85\u3048\u3001\u30d3\u30b8\u30cd\u30b9\u30c8\u30e9\u30d9\u30eb\u3067\u306f\u3001\u30aa\u30d5\u30a3\u30b9\u306e\u518d\u958b\u3068\u51fa\u5f35\u8005\u306e\u5bfe\u9762\u95a2\u4fc2\u306e\u518d\u69cb\u7bc9\u306b\u4f34\u3044\u3001\u53ce\u76ca\u306e\u56de\u5fa9\u304c\u52a0\u901f\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u9577\u8ddd\u96e2\u56fd\u969b\u7dda\u306e\u9700\u8981\u306f\u3001\u5927\u897f\u6d0b\u6a2a\u65ad\u3092\u7b46\u982d\u306b\u6e21\u822a\u5236\u9650\u304c\u89e3\u9664\u3055\u308c\u3001\u4f38\u3073\u3066\u3044\u307e\u3059\u3002\u4eca\u306e\u3068\u3053\u308d\u3001\u30a6\u30af\u30e9\u30a4\u30ca\u7d1b\u4e89\u306b\u3088\u308b\u65c5\u884c\u9700\u8981\u3078\u306e\u5f71\u97ff\u306f\u898b\u3089\u308c\u307e\u305b\u3093\u304c\u3001\u3082\u3061\u308d\u3093\u6ce8\u8996\u3057\u3066\u3044\u307e\u3059\u3002\u73fe\u5728\u3001\u307b\u307c\u3059\u3079\u3066\u306e\u30e8\u30fc\u30ed\u30c3\u30d1\u8af8\u56fd\u3067\u306f\u3001\u30ef\u30af\u30c1\u30f3\u63a5\u7a2e\u3092\u3055\u308c\u305f\u304a\u5ba2\u69d8\u306e\u5165\u56fd\u691c\u67fb\u304c\u89e3\u9664\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u5f53\u793e\u306f\u5f15\u304d\u7d9a\u304d\u3001\u7c73\u56fd\u306e\u4ed6\u306e\u65c5\u884c\u696d\u754c\u3068\u3068\u3082\u306b\u3001\u7c73\u56fd\u653f\u5e9c\u306b\u5bfe\u3057\u3001\u51fa\u56fd\u524d\u691c\u67fb\u306e\u7fa9\u52d9\u4ed8\u3051\u3092\u89e3\u9664\u3059\u308b\u3088\u3046\u50cd\u304d\u304b\u3051\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u590f\u306e\u30d4\u30fc\u30af\u30b7\u30fc\u30ba\u30f3\u306b\u5411\u3051\u3066\u3001\u79c1\u305f\u3061\u306f\u696d\u52d9\u6e96\u5099\u306b\u975e\u5e38\u306b\u91cd\u70b9\u3092\u7f6e\u304d\u7d9a\u3051\u3066\u3044\u307e\u3059\u3002\u4eca\u5e74\u3059\u3067\u306b4,000\u540d\u306e\u65b0\u5165\u793e\u54e1\u304c\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u30c1\u30fc\u30e0\u306b\u52a0\u308f\u308a\u3001\u79c1\u305f\u3061\u306f\u4eba\u54e1\u914d\u7f6e\u3068\u822a\u7a7a\u4f1a\u793e\u306e\u518d\u5efa\u306b\u5411\u3051\u305f\u9700\u8981\u3078\u306e\u5bfe\u5fdc\u306b\u624b\u3054\u305f\u3048\u3092\u611f\u3058\u3066\u3044\u307e\u3059\u3002\u65c5\u884c\u4f53\u9a13\u3092\u5411\u4e0a\u3055\u305b\u308b\u305f\u3081\u306e\u7d99\u7d9a\u7684\u306a\u6295\u8cc7\u306b\u3088\u308a\u3001\u304a\u5ba2\u69d8\u306f\u305d\u306e\u52b9\u679c\u3092\u5b9f\u611f\u3057\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6625\u306b\u306f\u3001\u30ed\u30b5\u30f3\u30bc\u30eb\u30b9\u3001\u30e9\u30ac\u30fc\u30c7\u30a3\u30a2\u3001\u30b7\u30a2\u30c8\u30eb\u3067\u8fd1\u4ee3\u5316\u3055\u308c\u305f\u65b0\u30bf\u30fc\u30df\u30ca\u30eb\u3092\u30aa\u30fc\u30d7\u30f3\u3057\u307e\u3059\u3002<\/p>\n

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\u3053\u308c\u307e\u3067\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u306e\u56de\u5fa9\u306f\u6d88\u8cbb\u8005\u304c\u4e3b\u5c0e\u3057\u3066\u304d\u307e\u3057\u305f\u304c\u3001\u3088\u308a\u591a\u304f\u306e\u30d3\u30b8\u30cd\u30b9\u65c5\u884c\u8005\u304c\u7a7a\u306b\u623b\u308b\u3053\u3068\u3067\u3001\u3055\u3089\u306a\u308b\u4e0a\u6607\u3092\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u6b21\u306b\u3001\u30ed\u30a4\u30e4\u30eb\u30c6\u30a3\u306e\u9ad8\u307e\u308a\u306f\u3001\u3044\u304f\u3064\u304b\u306e\u4e3b\u8981\u306a\u6307\u6a19\u3067\u660e\u3089\u304b\u3067\u3059\u3002\u5f53\u793e\u306e\u30cd\u30c3\u30c8\u30d7\u30ed\u30e2\u30fc\u30bf\u30fc\u30b9\u30b3\u30a2\u306f\u3001\u53d6\u6271\u9ad8\u304c\u5897\u52a0\u3057\u3066\u30822019\u5e74\u3092\u4e0a\u56de\u308b\u6c34\u6e96\u3092\u7dad\u6301\u3057\u3066\u3044\u307e\u3059\u3002\u307e\u305f\u3001\u5f53\u56db\u534a\u671f\u306b\u306f\u3001\u904e\u53bb\u6700\u591a\u306e\u30b9\u30ab\u30a4\u30de\u30a4\u30eb\u65b0\u898f\u4f1a\u54e1\u3092\u7372\u5f97\u3057\u3001\u5171\u540c\u30d6\u30e9\u30f3\u30c9\u306e\u5229\u7528\u984d\u306f2019\u5e74\u3092\u5927\u304d\u304f\u4e0a\u56de\u308a\u7d9a\u3051\u30013\u6708\u306e1\u30ab\u6708\u9593\u306739\uff05\u5897\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u306f\u30013\u3064\u76ee\u306e\u67f1\u3067\u3042\u308b\u53ce\u76ca\u306e\u591a\u69d8\u6027\u3092\u9ad8\u3081\u308b\u91cd\u8981\u306a\u30c9\u30e9\u30a4\u30d0\u30fc\u3067\u3059\u3002\u305d\u306e\u4ed6\u306e\u53ce\u76ca\u306f\u3001\u30ed\u30a4\u30e4\u30ea\u30c6\u30a3\u3068\u30ab\u30fc\u30b4\u306b\u727d\u5f15\u3055\u308c\u30013\u6708\u671f\u306f2019\u5e74\u306e\u6c34\u6e96\u307e\u3067\u5b8c\u5168\u306b\u56de\u5fa9\u3057\u307e\u3057\u305f\u3002\u5f53\u56db\u534a\u671f\u306e\u30a2\u30e1\u30ea\u30ab\u30f3\u30fb\u30a8\u30ad\u30b9\u30d7\u30ec\u30b9\u304b\u3089\u306e\u5831\u916c\u306f12\u5104\u30c9\u30eb\u30672019\u5e74\u6bd425\uff05\u5897\u3068\u306a\u308a\u3001\u901a\u671f\u76ee\u6a19\u3067\u3042\u308b\u5831\u916c50\u5104\u30c9\u30eb\u4ee5\u4e0a\u306b\u5411\u3051\u3066\u3001\u56db\u534a\u671f\u306e\u65b0\u8a18\u9332\u3092\u9054\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u30ab\u30fc\u30b4\u306f\u30012019\u5e74\u6bd4\u306751\uff05\u5897\u3068\u7570\u4f8b\u306e\u56db\u534a\u671f\u3068\u306a\u308a\u30013\u6708\u306f\u5f53\u793e\u53f2\u4e0a\u6700\u9ad8\u306e\u30ab\u30fc\u30b4\u6708\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

MRO\u306e\u53ce\u76ca\u306f\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u306e\u554f\u984c\u3067\u30a8\u30f3\u30b8\u30f3\u306e\u51e6\u7406\u80fd\u529b\u304c\u4f4e\u4e0b\u3057\u305f\u305f\u3081\u30012019\u5e74\u309222%\u4e0b\u56de\u308a\u307e\u3057\u305f\u3002MRO\u30de\u30fc\u30b8\u30f3\u306f\u4f9d\u7136\u3068\u3057\u3066\u5065\u5168\u3067\u3042\u308a\u3001\u6b21\u4e16\u4ee3\u30a8\u30f3\u30b8\u30f3\u306e\u30a4\u30f3\u30b9\u30c8\u30fc\u30eb\u30d9\u30fc\u30b9\u304c\u62e1\u5927\u3057\u7d9a\u3051\u308b\u4e2d\u3001\u4eca\u5f8c\u6570\u5e74\u9593\u306b\u308f\u305f\u308a\u3053\u306e\u4e8b\u696d\u3092\u62e1\u5927\u3067\u304d\u308b\u3053\u3068\u3092\u5b09\u3057\u304f\u601d\u3044\u307e\u3059\u3002\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u30d7\u30e9\u30c3\u30c8\u30d5\u30a9\u30fc\u30e0\u3092\u6d3b\u7528\u3059\u308b\u3053\u3068\u3067\u3001\u53ce\u76ca\u69cb\u6210\u306e\u591a\u69d8\u5316\u3092\u3055\u3089\u306b\u9032\u3081\u3066\u3044\u307e\u3059\u30023\u6708\u671f\u306f\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u5546\u54c1\u3068\u822a\u7a7a\u5238\u4ee5\u5916\u306e\u53ce\u5165\u6e90\u304c\u7dcf\u53ce\u5165\u306e58\uff05\u3092\u5360\u3081\u30012019\u5e74\u540c\u671f\u304b\u30893\u30dd\u30a4\u30f3\u30c8\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u3053\u306e\u6539\u5584\u306b\u3088\u308a\u3001Capital Markets Day\u3067\u6253\u3061\u51fa\u3057\u305f2024\u5e74\u307e\u3067\u306b60\uff05\u4ee5\u4e0a\u3068\u3044\u3046\u76ee\u6a19\u306e\u9054\u6210\u306b\u9ad8\u3044\u78ba\u4fe1\u304c\u6301\u3066\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u6700\u5f8c\u306b\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306f\u3001\u5f53\u793e\u306e\u4e2d\u6838\u7684\u306a\u7af6\u4e89\u529b\u3068\u9867\u5ba2\u3068\u5f93\u696d\u54e1\u3078\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u306b\u5fe0\u5b9f\u3067\u3042\u308b\u3053\u3068\u306b\u3088\u3063\u3066\u3001\u3088\u308a\u5f37\u3044\u76f8\u5bfe\u7684\u306a\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u6d6e\u4e0a\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u9700\u8981\u56de\u5fa9\u306e\u6700\u7d42\u6bb5\u968e\u304c\u5b9a\u7740\u3057\u3001\u5f53\u793e\u30d6\u30e9\u30f3\u30c9\u3078\u306e\u597d\u610f\u304c\u9ad8\u307e\u308a\u7d9a\u3051\u308b\u4e2d\u30012024\u5e74\u307e\u3067\u306b2019\u5e74\u306e\u696d\u7e3e\u3092\u4e0a\u56de\u308b\u3068\u3044\u3046\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u9053\u7b4b\u306b\u3001\u79c1\u306f\u3053\u308c\u307e\u3067\u4ee5\u4e0a\u306b\u81ea\u4fe1\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u3068\u3044\u3046\u3053\u3068\u3067\u3001\u8ca1\u52d9\u306e\u8a73\u7d30\u306b\u3064\u3044\u3066\u306f\u3001\u30c0\u30f3\u306b\u5f15\u304d\u7d99\u304e\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

Dan Janki — Chief Financial Officer<\/p>\n

\u30b0\u30ec\u30f3\u3001\u3042\u308a\u304c\u3068\u3046\u3001\u305d\u3057\u3066\u7686\u3055\u3093\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u307e\u305a\u30013\u6708\u671f\u306e\u30cf\u30a4\u30e9\u30a4\u30c8\u304b\u3089\u3054\u8aac\u660e\u3057\u307e\u3059\u3002\u55b6\u696d\u640d\u5931\u306f7\u51049,300\u4e07\u30c9\u30eb\u3067\u3001\u60f3\u5b9a\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u4e88\u60f3\u901a\u308a\u30011\u6708\u30682\u6708\u306f\u30aa\u30df\u30af\u30ed\u30f3\u3068\u5b63\u7bc0\u7684\u306a\u5f31\u3055\u306e\u305f\u3081\u306b\u640d\u5931\u3092\u8a08\u4e0a\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u305d\u3057\u30663\u6708\u306f\u3001\u8abf\u6574\u5f8c\u306e\u55b6\u696d\u5229\u76ca\u7387\u304c9.4\uff05\u3068\u306a\u308a\u3001\u5805\u8abf\u306a\u9ed2\u5b57\u306b\u8ee2\u3058\u307e\u3057\u305f\u3002\u71c3\u6599\u8cbb\u306f21\u5104\u30c9\u30eb\u3067\u3057\u305f\u300212\u6708\u671f\u304b\u3089\u524d\u56db\u534a\u671f\u6bd4\u306732\uff05\u5897\u52a0\u3057\u307e\u3057\u305f\u3002\u5f53\u56db\u534a\u671f\u306e 1 \u30ac\u30ed\u30f3\u3042\u305f\u308a\u306e\u71c3\u6599\u4fa1\u683c\u306f\u5e73\u5747 2.79 \u30c9\u30eb\u3067\u3057\u305f\u3002<\/p>\n

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2026\u5e74\u534a\u3070\u306b\u958b\u59cb\u3057\u30012030\u5e74\u306eSAF10%\u516c\u7d04\u306b\u5411\u3051\u3066\u524d\u9032\u3059\u308b\u4e88\u5b9a\u3067\u3059\u3002\u307e\u305f\u3001\u30a8\u30a2\u30d0\u30b9\u793e\u3068\u5171\u540c\u3067\u3001\u6c34\u7d20\u3092\u71c3\u6599\u3068\u3059\u308b\u822a\u7a7a\u6a5f\u3068\u305d\u308c\u306b\u5fc5\u8981\u306a\u30a4\u30f3\u30d5\u30e9\u306e\u7814\u7a76\u958b\u767a\u3092\u884c\u3046\u3053\u3068\u3092\u767a\u8868\u3057\u307e\u3057\u305f\u3002\u6700\u5f8c\u306b\u3001\u79c1\u305f\u3061\u306f\u30ad\u30e3\u30d4\u30bf\u30eb\u30fb\u30de\u30fc\u30b1\u30c3\u30c4\u30fb\u30c7\u30a4\u3067\u767a\u8868\u3057\u305f\u512a\u5148\u4e8b\u9805\u3092\u5b9f\u884c\u306b\u79fb\u3057\u3066\u304a\u308a\u3001\u8ca1\u52d9\u306e\u56de\u5fa9\u306b\u52e2\u3044\u304c\u3042\u308b\u3053\u3068\u3092\u5fc3\u5f37\u304f\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u79c1\u306f\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u793e\u54e1\u304c\u65e5\u3005\u884c\u3063\u3066\u3044\u308b\u3059\u3079\u3066\u306e\u3053\u3068\u306b\u3001\u5fc3\u304b\u3089\u611f\u8b1d\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u793e\u54e1\u306f\u5e38\u306b\u5f53\u793e\u306e\u6700\u3082\u91cd\u8981\u306a\u7af6\u4e89\u512a\u4f4d\u6027\u3067\u3059\u3002\u305d\u308c\u3067\u306f\u3001\u8cea\u7591\u5fdc\u7b54\u306f\u30b8\u30e5\u30ea\u30fc\u306b\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

\u30b8\u30e5\u30ea\u30fc\u30fb\u30b9\u30c1\u30e5\u30ef\u30fc\u30c8 — \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u526f\u793e\u9577<\/p>\n

\u30c0\u30f3\u3055\u3093\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30a8\u30a4\u30d7\u30ea\u30eb\u3001\u30a2\u30ca\u30ea\u30b9\u30c8\u306e\u7686\u3055\u3093\u306b\u306f\u3001\u8cea\u554f\u306e\u5217\u306e\u4f5c\u308a\u65b9\u3001\u305d\u308c\u304b\u3089\u6700\u521d\u306e\u8cea\u554f\u3078\u884c\u304f\u65b9\u6cd5\u3092\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u8cea\u7591\u5fdc\u7b54<\/strong><\/span><\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u3082\u3061\u308d\u3093\u3067\u3059\u3002[\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u6307\u793a\u3011\u305d\u3057\u3066\u3001\u307e\u305a\u30c9\u30a4\u30c4\u9280\u884c\u306e\u30de\u30a4\u30af\u30fb\u30ea\u30cd\u30f3\u30d0\u30fc\u30b0\u3055\u3093\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

Mike Linenberg — Deutsche Bank — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u3042\u3001\u3061\u3087\u3063\u3068\u3002\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u898b\u901a\u3057\u3067\u3059\u306d\u3002\u79c1\u306f\u751f\u7523\u80fd\u529b\u306b\u7126\u70b9\u3092\u5f53\u3066\u305f\u3044\u306e\u3067\u3059\u304c\u3001\u30b0\u30ec\u30f3\u306b\u8cea\u554f\u3057\u307e\u3059\u3002<\/p>\n

3\u6708\u671f\u306f2019\u5e74\u306e83\uff05\u3092\u7a3c\u50cd\u3055\u305b\u30016\u6708\u671f\u306f\u660e\u3089\u304b\u306b\u72b6\u6cc1\u304c\u826f\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u306d\u3002\u3064\u307e\u308a\u30011\u6708\u30682\u6708\u306e\u30aa\u30df\u30af\u30ed\u30f3\u306e\u5f71\u97ff\u306b\u3064\u3044\u3066\u3061\u3087\u3063\u3068\u8003\u3048\u3066\u307f\u305f\u306e\u3067\u3059\u304c\u3001\u304b\u306a\u308a\u30a4\u30f3\u30d1\u30af\u30c8\u304c\u3042\u308a\u307e\u3057\u305f\u306d\u3002\u3057\u304b\u3057\u3001\u524d\u56db\u534a\u671f\u6bd4\u3067\u306f1\u30dd\u30a4\u30f3\u30c8\u4e0a\u6607\u3057\u300183\uff05\u304b\u308984\uff05\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u904b\u822a\u306e\u4fe1\u983c\u6027\u3092\u7dad\u6301\u3057\u3001\u6700\u9ad8\u306e\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u3053\u306a\u3059\u3053\u3068\u3067\u3001\u53ce\u5165\u30d7\u30ec\u30df\u30a2\u30e0\u3060\u3051\u3067\u306a\u304f\u3001\u53ce\u5165\u5168\u4f53\u3068\u518d\u5bbf\u6cca\u30b3\u30b9\u30c8\u306e\u6e1b\u5c11\u306b\u3064\u306a\u304c\u308b\u3068\u3044\u3046\u4e8b\u5b9f\u306b\u3088\u308b\u3082\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u3053\u306e\u8cea\u554f\u306e\u88dc\u8db3\u3068\u3057\u3066\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u3067\u8d77\u3053\u3063\u3066\u3044\u308b\u3053\u3068\u3092\u898b\u3066\u3044\u3066\u3001\u30e8\u30fc\u30ed\u30c3\u30d1\u306e\u822a\u7a7a\u4f1a\u793e\u304c\u3053\u306e\u4e9c\u7a2e\u306e\u62e1\u6563\u306e\u305f\u3081\u306b\u30ad\u30e3\u30f3\u30bb\u30eb\u3092\u4f59\u5100\u306a\u304f\u3055\u308c\u3066\u3044\u308b\u306e\u3092\u898b\u3066\u3001\u3042\u306a\u305f\u65b9\u306f\u6e96\u5099\u3068\u4e88\u7d04\u3092\u4e07\u5168\u306b\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\uff1f<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u793e\u9577<\/p>\n

\u4e0a\u8a18\u306e\u3059\u3079\u3066\u3060\u3068\u601d\u3044\u307e\u3059\u3002\u3042\u306a\u305f\u306f\u81ea\u5206\u306e\u8cea\u554f\u306b\u81ea\u5206\u3067\u7b54\u3048\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4fe1\u983c\u6027\u306e\u9ad8\u3044\u30aa\u30da\u30ec\u30fc\u30b7\u30e7\u30f3\u304c\u6700\u512a\u5148\u3067\u3042\u308a\u3001\u4ed6\u306e\u512a\u5148\u9806\u4f4d\u304c\u9700\u8981\u306b\u512a\u5148\u3059\u308b\u3053\u3068\u306f\u306a\u3044\u3001\u3068\u3044\u3046\u79c1\u305f\u3061\u306e\u898b\u89e3\u3092\u898b\u4e8b\u306b\u8868\u73fe\u3057\u3066\u304f\u308c\u307e\u3057\u305f\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u3054\u304f\u6700\u8fd1\u306e\u9700\u8981\u306e\u5897\u52a0\u306a\u306e\u3067\u3059\u3002<\/p>\n

2\u6708\u4e0b\u65ec\u304b\u30893\u6708\u306b\u304b\u3051\u3066\u30016\uff5e8\u9031\u9593\u307b\u3069\u524d\u304b\u3089\u4e0a\u6607\u3092\u59cb\u3081\u307e\u3057\u305f\u3002\u4eca\u5e74\u3082\u3053\u306e\u3088\u3046\u306a\u9700\u8981\u52d5\u5411\u304c\u7d9a\u304f\u3088\u3046\u3067\u3042\u308c\u3070\u3001\u307e\u305f\u5225\u306e\u65b9\u5411\u306b\u8235\u3092\u5207\u308b\u6a5f\u4f1a\u3082\u3042\u308b\u3067\u3057\u3087\u3046\u3057\u3001\u5fc5\u8981\u3067\u3042\u308c\u3070\u9055\u3046\u65b9\u5411\u3078\u8235\u3092\u5207\u308b\u3053\u3068\u3082\u3067\u304d\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3060\u304b\u3089\u3053\u305d\u3001\u6700\u5f8c\u307e\u3067\u6a5f\u654f\u306b\u5bfe\u5fdc\u3059\u308b\u3053\u3068\u304c\u6210\u529f\u306e\u9375\u3067\u3042\u308b\u3053\u3068\u304c\u660e\u78ba\u306b\u306a\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u671f\u9593\u4e2d\u3001\u79c1\u305f\u3061\u306f\u5b9f\u9700\u306b\u6700\u3082\u8fd1\u3044\u88fd\u54c1\u3092\u63d0\u4f9b\u3057\u3001\u4f1a\u793e\u3068\u3057\u3066\u975e\u5e38\u306b\u826f\u3044\u4ed5\u4e8b\u3092\u3057\u305f\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

Mike Linenberg — Deutsche Bank — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u7d20\u6674\u3089\u3057\u3044\u3002\u79c1\u305f\u3061\u3082\u6295\u8cc7\u5bb6\u3082\u3001\u3053\u306e\u3088\u3046\u306a\u898f\u5f8b\u3042\u308b\u53d6\u308a\u7d44\u307f\u306f\u5927\u597d\u304d\u3067\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306b\u3001\u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9\u306e\u30ad\u30e3\u30b5\u30ea\u30f3\u30fb\u30aa\u30d6\u30e9\u30a4\u30a8\u30f3\u3055\u3093\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

Catherine O’Brien — Goldman Sachs — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3001\u672c\u5f53\u306b\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30de\u30a4\u30af\u306e\u8cea\u554f\u306b\u5c11\u3057\u7b54\u3048\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u540c\u696d\u8005\u3084\u4ed6\u306e\u696d\u754c\u306e\u4eba\u305f\u3061\u304b\u3089\u3001\u52b4\u50cd\u529b\u306e\u4f9b\u7d66\u304c\u751f\u7523\u80fd\u529b\u5897\u5f37\u306e\u59a8\u3052\u306b\u306a\u3063\u3066\u3044\u308b\u3068\u3044\u3046\u8a71\u3092\u805e\u3044\u3066\u3044\u307e\u3059\u3002\u7b2c2\u56db\u534a\u671f\u306b\u5165\u308a\u3001\u30aa\u30df\u30af\u30ed\u30f3\u306b\u8d77\u56e0\u3059\u308b\u30c8\u30ec\u30fc\u30cb\u30f3\u30b0\u306e\u9045\u308c\u3084\u96e2\u8077\u7387\u306e\u4e0a\u6607\u3092\u8003\u616e\u3059\u308b\u3068\u3001\u5b9f\u969b\u306b\u306f\u5e74\u521d\u306b\u8003\u3048\u3066\u3044\u305f\u3088\u308a\u3082\u52b4\u50cd\u529b\u304c\u903c\u8feb\u3057\u3066\u3044\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002\u307e\u305a\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u3067\u306f\u3053\u306e\u3088\u3046\u306a\u30c6\u30fc\u30de\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3082\u3057\u305d\u3046\u3067\u3042\u308c\u3070\u3001\u7b2c2\u56db\u534a\u671f\u306e\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u30d7\u30e9\u30f3\u3068\u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30c7\u30a4\u6642\u306e\u30d7\u30e9\u30f3\u3068\u3067\u3001\u4f55\u304b\u5f71\u97ff\u306f\u3042\u308a\u307e\u3057\u305f\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3 — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001\u30b1\u30a4\u30c6\u30a3\u3002\u30a8\u30c9\u3067\u3059\u3001\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u3057\u307e\u3059\u3002\u79c1\u305f\u3061\u306f\u3053\u306e1\u5e74\u534a\u306e\u9593\u3001\u305a\u3063\u3068\u5148\u3092\u898b\u636e\u3048\u3066\u884c\u52d5\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u6628\u5e74\u306f1\u4e07\u4eba\u4ee5\u4e0a\u3092\u63a1\u7528\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u4eca\u5e74\u3082\u3059\u3067\u306b4,000\u4eba\u3092\u63a1\u7528\u3057\u307e\u3057\u305f\u3002\u3064\u307e\u308a\u30011\u4e075,000\u4eba\u3092\u63a1\u7528\u3057\u305f\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u307b\u307c\u5fc5\u8981\u306a\u4eba\u54e1\u3092\u78ba\u4fdd\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002\u30d1\u30a4\u30ed\u30c3\u30c8\u306f\u30c8\u30ec\u30fc\u30cb\u30f3\u30b0\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u3092\u6301\u3063\u3066\u304a\u308a\u3001\u30d1\u30a4\u30ed\u30c3\u30c8\u304c\u5b8c\u5168\u306b\u30ab\u30c6\u30b4\u30ea\u30fc\u306b\u5165\u308a\u3001\u79c1\u305f\u3061\u304c\u671b\u3080\u30dd\u30b8\u30b7\u30e7\u30f3\u306b\u3064\u304f\u307e\u3067\u3001\u3057\u3070\u3089\u304f\u6642\u9593\u304c\u304b\u304b\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n

\u304a\u305d\u3089\u304f\u3001\u3042\u30681\u30012\u5e74\u306f\u304b\u304b\u308b\u3067\u3057\u3087\u3046\u3002\u540c\u69d8\u306b\u3001\u5ba2\u5ba4\u4e57\u52d9\u54e1\u3082\u63a1\u7528\u4e2d\u3067\u3001\u30c8\u30ec\u30fc\u30cb\u30f3\u30b0\u30d1\u30a4\u30d7\u30e9\u30a4\u30f3\u306b\u3069\u308c\u3060\u3051\u306e\u4eba\u6570\u3092\u6295\u5165\u3067\u304d\u308b\u304b\u3068\u3044\u3046\u884c\u5217\u304c\u3042\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u672c\u5f53\u306b\u6df7\u96d1\u3057\u3066\u3044\u308b\u306e\u306f\u305d\u3053\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u7a7a\u6e2f\u3067\u3001\u5730\u4e0a\u3067\u3001\u30b5\u30d7\u30e9\u30a4\u30e4\u30fc\u3092\u6e96\u5099\u3057\u3001\u914d\u7f6e\u3059\u308b\u3053\u3068\u304c\u91cd\u8981\u306a\u306e\u3067\u3059\u3002<\/p>\n

\u6628\u5e74\u3001\u3044\u3084\u3001\u3082\u30462\u5e74\u8fd1\u304f\u524d\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u7a7a\u6e2f\u3067\u5916\u6ce8\u3057\u3066\u3044\u305f\u30b1\u30fc\u30bf\u30ea\u30f3\u30b0\u3001\u6e05\u6383\u3001\u8eca\u6905\u5b50\u62bc\u3057\u306a\u3069\u3001\u591a\u304f\u306e\u696d\u52d9\u3092\u5f15\u304d\u7d99\u304e\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u304a\u5ba2\u69d8\u306b\u6700\u9ad8\u306e\u4f53\u9a13\u3092\u63d0\u4f9b\u3059\u308b\u305f\u3081\u306b\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u793e\u54e1\u3092\u914d\u7f6e\u3057\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u793e\u54e1\u3092\u63a1\u7528\u3057\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u3069\u3046\u3067\u3057\u3087\u3046\uff1f\u30c7\u30eb\u30bf\u306e\u4eba\u305f\u3061\u306f\u3001\u3088\u308a\u826f\u3044\u4ed5\u4e8b\u3092\u3059\u308b\u3060\u3051\u3067\u306a\u304f\u3001\u3088\u308a\u52b9\u7387\u7684\u3001\u52b9\u679c\u7684\u306b\u4ed5\u4e8b\u3092\u3053\u306a\u3057\u3001\u304a\u5ba2\u3055\u307e\u304b\u3089\u3082\u9ad8\u304f\u8a55\u4fa1\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e2\u5e74\u9593\u3067\u3001\u52b4\u50cd\u74b0\u5883\u306f\u5287\u7684\u306b\u5909\u5316\u3057\u307e\u3057\u305f\u3002<\/p>\n

\u305d\u306e\u305f\u3081\u3001\u3053\u306e2\u5e74\u9593\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u696d\u754c\u3092\u30ea\u30fc\u30c9\u3057\u3066\u304d\u305f\u306e\u3067\u3059\u3002<\/p>\n

Catherine O’Brien — \u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u305d\u308c\u306f\u7d20\u6674\u3089\u3057\u3044\u3067\u3059\u306d\u3002\u305d\u308c\u3068\u3001Glen\u306b\u3072\u3068\u3053\u3068\u304a\u9858\u3044\u3057\u307e\u3059\u3002MX\u306e\u5831\u916c\u306f\u3001\u4eca\u671f\u3082\u660e\u308b\u3044\u8a71\u984c\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u30aa\u30df\u30af\u30ed\u30f3\u306fQ\u306e\u521d\u3081\u306b\u30ce\u30a4\u30ba\u3092\u767a\u751f\u3055\u305b\u3001Q\u304c\u9032\u3080\u306b\u3064\u308c\u3066\u3055\u3089\u306b\u52a0\u901f\u3059\u308b\u3068\u8003\u3048\u3066\u3088\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1fInvestor Day\u3067\u3001\u4eca\u5e74\u4e2d\u306b50\u5104\u30c9\u30eb\u4ee5\u4e0a\u306e\u8ca2\u732e\u3092\u3059\u308b\u3068\u3044\u3046\u76ee\u6a19\u3092\u6539\u3081\u3066\u767a\u8868\u3055\u308c\u307e\u3057\u305f\u306d\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u3082\u3057\u7b2c1\u56db\u534a\u671f\u304b\u3089\u52a0\u901f\u3059\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u307e\u3060\u3044\u304f\u3089\u304b\u4e0a\u4e57\u305b\u304c\u3042\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002\u307e\u305f\u3001\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u304a\u3081\u3067\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3001\u79c1\u305f\u3061\u306f\u5e38\u306b\u4e0a\u6607\u5fd7\u5411\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u7279\u306b\u3001\u30ab\u30fc\u30c9\u3067\u306e\u822a\u7a7a\u5238\u306e\u5229\u7528\u304c\u5897\u52a0\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u3001\u559c\u3070\u3057\u3044\u3053\u3068\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306a\u7d71\u8a08\u306f\u3001\u4eca\u5e74\u3082\u5f15\u304d\u7d9a\u304d\u30e2\u30cb\u30bf\u30fc\u3057\u3066\u3044\u304f\u4e0a\u3067\u975e\u5e38\u306b\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u30e2\u30ce\u304b\u3089\u30b3\u30c8\u3078\u3001\u305d\u3057\u3066\u4f53\u9a13\u3084\u30b5\u30fc\u30d3\u30b9\u3078\u3068\u3044\u3046\u6d41\u308c\u306f\u3001\u672c\u5f53\u306b\u3088\u304f\u308f\u304b\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u30b8\u30e5\u30ea\u30fc\u30fb\u30b9\u30c1\u30e5\u30ef\u30fc\u30c8 — \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u526f\u793e\u9577<\/p>\n

\u30ad\u30e3\u30b5\u30ea\u30f3\u3055\u3093\u3001\u4ed6\u306b\u4f55\u304b\u3042\u308a\u307e\u3059\u304b\uff1f<\/p>\n

Catherine O’Brien — \u30b4\u30fc\u30eb\u30c9\u30de\u30f3\u30fb\u30b5\u30c3\u30af\u30b9 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3044\u3044\u3048\u3001\u79c1\u304b\u3089\u306f\u4ee5\u4e0a\u3067\u3059\u3002\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3001\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306f\u3001\u30d0\u30fc\u30af\u30ec\u30a4\u30ba\u306e\u30d6\u30e9\u30f3\u30c9\u30f3\u30fb\u30aa\u30b0\u30ec\u30f3\u30b9\u30ad\u30fc\u304b\u3089\u304a\u805e\u304d\u3057\u307e\u3059\u3002<\/p>\n

Brandon Oglenski — \u30d0\u30fc\u30af\u30ec\u30a4\u30ba — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u8cea\u554f\u3092\u304a\u53d7\u3051\u3057\u3066\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b0\u30ec\u30f3\u3001\u3042\u306a\u305f\u306f\u6700\u65b0\u60c5\u5831\u3092\u63d0\u4f9b\u3057\u3066\u304f\u308c\u307e\u3057\u305f\u306d\u30023\u6708\u306e\u56fd\u5185\u51fa\u5f35\u306f70\uff05\u3001\u6d77\u5916\u51fa\u5f35\u306f50\uff05\u306e\u56de\u5fa9\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u305f\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

2Q\u306e\u65e9\u3044\u6bb5\u968e\u3067\u3001\u3053\u308c\u3089\u306e\u4e88\u7d04\u304c\u3069\u306e\u3088\u3046\u306b\u63a8\u79fb\u3057\u3066\u3044\u308b\u304b\u3001\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u30012\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u56fd\u969b\u7684\u306a\u8a66\u9a13\u8981\u4ef6\u304c\u5927\u897f\u6d0b\u3092\u6e21\u308b\u65c5\u884c\u3092\u4eca\u3069\u306e\u304f\u3089\u3044\u59a8\u3052\u3066\u3044\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n

\u307e\u305a\u30012\u756a\u76ee\u306b\u3064\u3044\u3066\u304a\u7b54\u3048\u3057\u307e\u3059\u3002\u3053\u308c\u306f\u3001\u79c1\u305f\u3061\u304c\u898b\u3066\u3044\u308b\u9700\u8981\u306e\u6b21\u306e\u8db3\u304b\u305b\u3060\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u79c1\u305f\u3061\u306f\u975e\u5e38\u306b\u5f37\u3044\u9700\u8981\u304c\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6d88\u8cbb\u8005\u306e\u4e2d\u306b\u306f\u3001\u6d77\u5916\u306b\u884c\u3063\u3066\u6355\u307e\u308a\u3001COVID\u304c\u898b\u3064\u304b\u3063\u3066\u5e30\u308c\u306a\u304f\u306a\u308b\u30ea\u30b9\u30af\u3092\u8ca0\u3046\u3053\u3068\u3092\u8e8a\u8e87\u3059\u308b\u4eba\u304c\u3044\u308b\u306e\u3082\u78ba\u304b\u3067\u3059\u3002\u305d\u3053\u3067\u3001\u4eca\u5f8c\u6570\u9031\u9593\u306e\u3046\u3061\u306b\u3001\u3053\u306e\u3088\u3046\u306a\u4e8b\u614b\u3092\u56de\u907f\u3067\u304d\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u30ef\u30b7\u30f3\u30c8\u30f3\u304b\u3089\u306f\u3088\u3044\u5146\u3057\u304c\u898b\u3048\u3066\u3044\u307e\u3059\u3002\u30ef\u30b7\u30f3\u30c8\u30f3\u304b\u3089\u3044\u3044\u5146\u5019\u304c\u4f1d\u308f\u3063\u3066\u304d\u3066\u3044\u308b\u306e\u3067\u3001\u305d\u308c\u304c\u3053\u3053\u3067\u51fa\u3066\u304f\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002COVID\u304c\u30d0\u30c3\u30af\u30df\u30e9\u30fc\u306b\u6620\u308b\u3088\u3046\u306b\u306a\u308b\u306b\u306f\u3001\u3053\u308c\u304c\u6700\u5f8c\u306e\u6761\u4ef6\u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u305d\u3046\u306a\u308c\u3070\u3044\u3044\u306e\u3067\u3059\u304c\u3002<\/p>\n

\u6b21\u306b\u30012\u3064\u76ee\u306e\u3054\u8cea\u554f\u3067\u3059\u304c\u3001\u3059\u307f\u307e\u305b\u3093\u3001\u4f55\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

Brandon Oglenski — Barclays — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

3\u6708\u306e\u6642\u70b9\u3067\u56fd\u5185\u51fa\u5f35\u304c\u7d0470\uff05\u3001\u6d77\u5916\u51fa\u5f35\u304c\u7d0450\uff05\u3068\u3044\u3046\u304a\u8a71\u3060\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u30012Q\u3067\u306f\u3069\u306e\u3088\u3046\u306b\u6539\u5584\u3057\u3066\u3044\u308b\u306e\u304b\u3001\u4f55\u304b\u3054\u6559\u793a\u3044\u305f\u3060\u3051\u307e\u3059\u304b\uff1f<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u793e\u9577<\/p>\n

\u3082\u3061\u308d\u3093\u3067\u3059\u3002\u4eca\u3001\u79c1\u305f\u3061\u304c\u6700\u3082\u6ce8\u76ee\u3057\u3066\u3044\u308b\u306e\u306f\u5927\u897f\u6d0b\u6a2a\u65ad\u30d3\u30b8\u30cd\u30b9\u3067\u3001\u5148\u9031\u521d\u3081\u3066\u3001\u53f0\u6570\u30d9\u30fc\u30b9\u3067\u56fd\u5185\u56de\u5fa9\u3092\u4e0a\u56de\u308a\u307e\u3057\u305f\u3002\u3053\u308c\u306f\u30016\uff5e8\u9031\u9593\u524d\u306b\u6bd4\u3079\u3066\u5927\u304d\u306a\u6539\u5584\u3067\u3059\u3002\u5927\u897f\u6d0b\u822a\u8def\u306e\u30d3\u30b8\u30cd\u30b9\u304c\u529b\u5f37\u304f\u56de\u5fa9\u3057\u3066\u3044\u308b\u3088\u3046\u3067\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u975e\u5e38\u306b\u559c\u3070\u3057\u3044\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u307e\u305f\u3001\u5148\u65e5\u5b9f\u65bd\u3057\u305f\u30a2\u30f3\u30b1\u30fc\u30c8\u3067\u306f\u300190\uff05\u306e\u65b9\u304c\u7b2c2\u56db\u534a\u671f\u306b\u7b2c1\u56db\u534a\u671f\u3088\u308a\u3082\u591a\u304f\u306e\u65c5\u884c\u3092\u3059\u308b\u3053\u3068\u3092\u671f\u5f85\u3057\u3066\u3044\u308b\u3068\u3044\u3046\u7d50\u679c\u304c\u51fa\u3066\u304a\u308a\u3001\u79c1\u305f\u3061\u3082\u5927\u5909\u3046\u308c\u3057\u304f\u601d\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u6b21\u306e\u56db\u534a\u671f\u306b\u5831\u544a\u3059\u308b\u3068\u304d\u306b\u306f\u3001\u3053\u306e2\u3064\u306e\u6570\u5b57\u304c\u5f15\u304d\u7d9a\u304d\u4e0a\u6607\u3057\u3066\u3044\u308b\u3053\u3068\u3092\u78ba\u8a8d\u3067\u304d\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3082\u3061\u308d\u3093\u3001\u65e5\u672c\u3068\u4e2d\u56fd\u304c\u3044\u3064\u518d\u958b\u3059\u308b\u306e\u304b\u304c\u5927\u304d\u306a\u7591\u554f\u70b9\u3067\u3059\u3002\u3053\u308c\u306f\u304a\u305d\u3089\u304f\u6b21\u306e\u56db\u534a\u671f\u3067\u306f\u306a\u304f\u3001\u3067\u304d\u308c\u3070\u4eca\u5e74\u306e\u79cb\u9803\u306b\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u305d\u308c\u306f\u5c11\u3057\u5148\u306e\u8a71\u3067\u3059\u3002\u3057\u304b\u3057\u3001\u3053\u308c\u3089\u306e\u56fd\u304c\u518d\u958b\u3055\u308c\u308c\u3070\u3001\u30d3\u30b8\u30cd\u30b9\u306f\u3059\u3050\u306b\u8ecc\u9053\u306b\u4e57\u308a\u307e\u3059\u3002<\/p>\n

\u97d3\u56fd\u3084\u30aa\u30fc\u30b9\u30c8\u30e9\u30ea\u30a2\u3067\u306f\u3001\u3053\u308c\u3089\u306e\u56fd\u304c\u958b\u56fd\u3059\u308b\u3068\u3001\u30d3\u30b8\u30cd\u30b9\u9700\u8981\u304c\u975e\u5e38\u306b\u6025\u901f\u306b\u5897\u52a0\u3057\u307e\u3057\u305f\u3002<\/p>\n

Brandon Oglenski — Barclays — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306b\u3001\u30b3\u30fc\u30a6\u30a7\u30f3\u306e\u30d8\u30e9\u30f3\u30fb\u30d9\u30c3\u30ab\u30fc\u3055\u3093\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

Helane Becker — \u30b3\u30fc\u30a6\u30a7\u30f3\u30a2\u30f3\u30c9\u30ab\u30f3\u30d1\u30cb\u30fc — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u65b9\u3001\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u7686\u3055\u3093\u3001\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002\u30b3\u30b9\u30c8\u9762\u306b\u3064\u3044\u3066\u3044\u304f\u3064\u304b\u8cea\u554f\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002\u3057\u304b\u3057\u3001\u4eba\u4ef6\u8cbb\u306e\u9762\u3067\u306f\u3001\u4eba\u3092\u96c6\u3081\u308b\u305f\u3081\u306b\u3001\u3064\u307e\u308a\u3001Ed, \u3042\u306a\u305f\u306f\u3001\u4eca\u5e74\u306f\u305d\u308c\u307b\u3069\u591a\u304f\u306e\u4eba\u3092\u96c7\u3046\u5fc5\u8981\u306f\u306a\u3044\u3060\u308d\u3046\u3068\u8a00\u3063\u305f\u3068\u601d\u3044\u307e\u3059\u304c\u3001\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u4eba\u6750\u3092\u78ba\u4fdd\u3059\u308b\u305f\u3081\u306b\u30015\u67081\u65e5\u306b\u4e88\u5b9a\u3057\u3066\u3044\u308b4\uff05\u3088\u308a\u3082\u3055\u3089\u306b\u7d66\u4e0e\u3092\u4e0a\u3052\u306a\u3051\u308c\u3070\u306a\u3089\u306a\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3 — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001Helane\u3002\u3044\u3044\u3048\u3001\u305d\u3093\u306a\u3053\u3068\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306e\u30d6\u30e9\u30f3\u30c9\u306e\u7d20\u6674\u3089\u3057\u3044\u70b9\u306e\u3072\u3068\u3064\u306f\u3001\u3053\u306e\u671f\u9593\u4e2d\u3001\u4e00\u90e8\u306e\u9ad8\u4fa1\u683c\u5e2f\u306e\u5e02\u5834\u3067\u4f7f\u7528\u3057\u3066\u304d\u305f\u7d66\u4e0e\u4f53\u7cfb\u3092\u57fa\u672c\u7684\u306b\u5909\u66f4\u3059\u308b\u3053\u3068\u306a\u304f\u3001\u79c1\u304c\u8a71\u3057\u305f15,000\u4eba\u3092\u5f15\u304d\u3064\u3051\u3001\u5165\u793e\u3055\u305b\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u57fa\u672c\u7684\u306b\u306f\u3001\u7d66\u4e0e\u6c34\u6e96\u306f\u305d\u306e\u307e\u307e\u3067\u30015\u67081\u65e5\u306e4\uff05\u5897\u304c\u52b9\u3044\u3066\u3044\u307e\u3059\u3002<\/p>\n

Helane Becker — \u30b3\u30fc\u30a6\u30a7\u30f3\u30fb\u30a2\u30f3\u30c9\u30fb\u30ab\u30f3\u30d1\u30cb\u30fc — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u305d\u308c\u304b\u3089\u3082\u3046\u4e00\u3064\u306e\u8cea\u554f\u306f\u3001\u3061\u3087\u3063\u3068\u95a2\u4fc2\u306a\u3044\u306e\u3067\u3059\u304c\u30013\u6708\u306b\u904e\u53bb\u6700\u9ad8\u306e\u8ca8\u7269\u6570\u3092\u8a18\u9332\u3057\u305f\u3068\u304a\u3063\u3057\u3083\u3063\u305f\u306e\u306fGlen\u3060\u3063\u305f\u3088\u3046\u306b\u601d\u3046\u306e\u3067\u3059\u304c\u3001\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u3053\u3067\u3001\u822a\u7a7a\u904b\u8cc3\u306e\u52d5\u5411\u3084\u3001\u306a\u305c\u3053\u308c\u307b\u3069\u307e\u3067\u306b\u597d\u8abf\u3060\u3063\u305f\u306e\u304b\u3001\u307e\u305f\u3001\u305d\u308c\u304c\u7b2c2\u56db\u534a\u671f\u306b\u3082\u7d9a\u304f\u306e\u304b\u3001\u305d\u3057\u3066\u3001\u305d\u308c\u304c\u6709\u610f\u7fa9\u306a\u3053\u3068\u306a\u306e\u304b\u306b\u3064\u3044\u3066\u8003\u3048\u3066\u307f\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u300118\u554f\u307b\u3069\u304a\u9858\u3044\u3057\u307e\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u793e\u9577<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3002\u3055\u3066\u3001\u30b5\u30d7\u30e9\u30a4\u30c1\u30a7\u30fc\u30f3\u304c\u8ffd\u3044\u3064\u3053\u3046\u3068\u3057\u3066\u3044\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u305d\u3057\u3066\u660e\u3089\u304b\u306b\u3001\u822a\u7a7a\u8ca8\u7269\u306f\u305d\u306e\u5727\u529b\u3092\u7de9\u548c\u3059\u308b\u65b9\u6cd5\u306e\u3072\u3068\u3064\u3067\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u3001\u822a\u7a7a\u904b\u8cc3\u306f\u5f15\u304d\u7d9a\u304d\u6709\u5229\u306a\u65b9\u5411\u3067\u63a8\u79fb\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u4eca\u4e00\u3064\u306e\u6ce8\u610f\u70b9\u306f\u3001\u4e2d\u56fd\u304c\u9589\u9396\u7684\u3067\u3042\u308b\u3053\u3068\u3067\u3059\u3002\u4e2d\u56fd\u306f\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u3001\u8ca8\u7269\u5206\u91ce\u3067\u306f\u975e\u5e38\u306b\u5f37\u529b\u306a\u5e02\u5834\u3067\u3057\u305f\u3002\u4e0a\u6d77\u304c\u9589\u9396\u3055\u308c\u3001\u4e0a\u6d77\u304c\u518d\u958b\u3055\u308c\u308b\u307e\u3067\u3001\u6587\u5b57\u901a\u308a\u4eca\u306f\u4e2d\u56fd\u3078\u306e\u30d5\u30e9\u30a4\u30c8\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u4e0a\u6d77\u304c\u518d\u958b\u3055\u308c\u308c\u3070\u3001\u4e2d\u56fd\u304b\u3089\u51fa\u8377\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u5546\u54c1\u306e\u9700\u8981\u304c\u9ad8\u307e\u308a\u3001\u3055\u3089\u306b\u8db3\u304c\u4f38\u3073\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n

\u3067\u3059\u304b\u3089\u3001\u4eca\u306f\u4e2d\u56fd\u306e\u554f\u984c\u3067\u4e00\u6642\u7684\u306b\u505c\u6b62\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u4e2d\u56fd\u304c\u5fa9\u65e7\u3059\u308c\u3070\u3001\u6b63\u78ba\u306a\u65e5\u4ed8\u306f\u8ab0\u306b\u3082\u308f\u304b\u308a\u307e\u305b\u3093\u304c\u3001\u3055\u3089\u306b\u5f37\u3044\u9700\u8981\u304c\u751f\u307e\u308c\u308b\u3068\u671f\u5f85\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

Ed Bastian — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u6628\u5e74\u306f\u826f\u3044\u5e74\u3067\u3057\u305f\u304c\u3001\u4eca\u5e74\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u793e\u9577<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3002\u6628\u5e74\u306f\u7d20\u6674\u3089\u3057\u3044\u5e74\u3067\u3057\u305f\u3002<\/p>\n

Helane Becker — \u30b3\u30fc\u30a6\u30a7\u30f3\u30a2\u30f3\u30c9\u30ab\u30f3\u30d1\u30cb\u30fc — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3042\u308a\u304c\u3068\u3046\u3001\u30c1\u30fc\u30e0\u3002\u3068\u3066\u3082\u53c2\u8003\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

MKM\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306e\u30b3\u30ca\u30fc\u30fb\u30ab\u30cb\u30f3\u30ac\u30e0\u3067\u3059\u3002<\/p>\n

\u30b3\u30ca\u30fc\u30fb\u30ab\u30cb\u30f3\u30ac\u30e0 — MKM\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001\u7686\u3055\u3093\u3002\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u3053\u306e\u6570\u5e74\u9593\u3001\u3042\u306a\u305f\u306f\u672c\u5f53\u306b\u7d4c\u55b6\u306b\u6295\u8cc7\u3057\u3066\u304d\u307e\u3057\u305f\u3057\u3001\u4e00\u822c\u7684\u306a\u9867\u5ba2\u4f53\u9a13\u306b\u3082\u6295\u8cc7\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u3053\u308c\u306f\u30de\u30a4\u30af\u304c\u8a71\u3057\u3066\u3044\u305f\u3053\u3068\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u306b\u306a\u308b\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n

\u3042\u306a\u305f\u306e\u5468\u308a\u3067\u306f\u3001\u305f\u304f\u3055\u3093\u306e\u30e1\u30eb\u30c8\u30c0\u30a6\u30f3\u304c\u8d77\u304d\u3066\u3044\u307e\u3059\u3002\u30c7\u30eb\u30bf\u822a\u7a7a\u3068\u3057\u3066\u3001\u4ed6\u306e\u822a\u7a7a\u4f1a\u793e\u306b\u8ffd\u3044\u51fa\u3055\u308c\u305f\u9867\u5ba2\u3092\u3069\u306e\u3088\u3046\u306b\u8ffd\u8de1\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u5148\u9031\u306e\u30dc\u30b9\u30c8\u30f3\u306e\u3088\u3046\u306b\u3001\u3069\u306e\u3088\u3046\u306b\u3057\u3066\u5f7c\u3089\u3092\u60f9\u304d\u3064\u3051\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u6c38\u4e45\u7684\u306a\u4e57\u5ba2\u306b\u3059\u308b\u306e\u304b\u3001\u8208\u5473\u304c\u3042\u308b\u306e\u3067\u3059\u3002<\/p>\n

Ed Bastian — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001\u30b3\u30ca\u30fc\u3002\u7e70\u308a\u8fd4\u3057\u306b\u306a\u308a\u307e\u3059\u304c\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306e\u9593\u3001Glen\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u4f9b\u7d66\u91cf\u306e\u56de\u5fa9\u306b\u304a\u3044\u3066\u6700\u3082\u898f\u5f8b\u6b63\u3057\u304f\u3001\u304a\u305d\u3089\u304f\u4ed6\u306e\u8ab0\u3088\u308a\u3082\u9700\u8981\u306b\u30de\u30c3\u30c1\u3057\u3066\u3044\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e2\u5e74\u9593\u3067\u3001\u591a\u304f\u306e\u822a\u7a7a\u4f1a\u793e\u304c\u3055\u307e\u3056\u307e\u306a\u30a2\u30d7\u30ed\u30fc\u30c1\u3092\u3068\u3063\u305f\u306e\u3067\u3001\u898b\u3066\u3044\u3066\u9762\u767d\u3044\u3067\u3059\u3002\u57fa\u672c\u7684\u306b\u3001\u79c1\u305f\u3061\u306e\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u3068\u304a\u5ba2\u69d8\u3078\u306e\u7d04\u675f\u306f\u3001\u304a\u5ba2\u69d8\u306b\u7d20\u6674\u3089\u3057\u304f\u3001\u5b89\u5168\u3067\u3001\u30aa\u30f3\u30bf\u30a4\u30e0\u3067\u3001\u4fe1\u983c\u3067\u304d\u308b\u4f53\u9a13\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u822a\u7a7a\u6a5f\u3084\u30b5\u30fc\u30d3\u30b9\u8981\u7d20\u306e\u30d7\u30ec\u30df\u30a2\u30e0\u30ab\u30c6\u30b4\u30ea\u30fc\u3078\u306e\u6295\u8cc7\u3092\u5897\u3084\u3057\u7d9a\u3051\u3001\u793e\u54e1\u306e\u30b5\u30fc\u30d3\u30b9\u306e\u8cea\u3092\u9ad8\u3081\u3001\u305d\u308c\u81ea\u4f53\u304c\u305d\u308c\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n

\u3053\u3053\u6570\u5e74\u306e\u9593\u306b\u53d7\u8cde\u3057\u305f\u3055\u307e\u3056\u307e\u306a\u8cde\u306f\u3001\u8b19\u865a\u306b\u53d7\u3051\u6b62\u3081\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002COVID\u3067\u306f\u3001\u30ea\u30fc\u30c0\u30fc\u30b7\u30c3\u30d7\u3092\u767a\u63ee\u3067\u304d\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u6b63\u76f4\u306a\u3068\u3053\u308d\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u671f\u9593\u306b\u6700\u3082\u591a\u304f\u3092\u5931\u3044\u307e\u3057\u305f\u304c\u3001\u6700\u3082\u591a\u304f\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u65b0\u3057\u3044\u7a7a\u6e2f\u3092\u5c0e\u5165\u3057\u3001\u30aa\u30fc\u30d7\u30f3\u3059\u308b\u3053\u3068\u3067\u3001\u672c\u5f53\u306b\u7d20\u6674\u3089\u3057\u3044\u52e2\u3044\u3092\u5f97\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002<\/p>\n

6\u6708\u306b\u306f\u65b0\u3057\u3044\u30e9\u30ac\u30fc\u30c7\u30a3\u30a2\u7a7a\u6e2f\u304c\u30aa\u30fc\u30d7\u30f3\u3057\u307e\u3059\u30022\u9031\u9593\u524d\u306b\u5e02\u9577\u3068\u30c6\u30fc\u30d7\u30ab\u30c3\u30c8\u3057\u305f\u65b0\u3057\u3044\u30ed\u30b5\u30f3\u30bc\u30eb\u30b9\u7a7a\u6e2f\u306f\u3001\u7686\u3055\u3093\u3068\u3066\u3082\u559c\u3070\u308c\u308b\u3067\u3057\u3087\u3046\u3002\u30b7\u30a2\u30c8\u30eb\u306e\u65b0\u3057\u3044\u56fd\u969b\u7dda\u65bd\u8a2d\u3001\u30bd\u30eb\u30c8\u30ec\u30a4\u30af\u306e\u7d99\u7d9a\u7684\u306a\u62e1\u5f35\u3001\u30df\u30cd\u30a2\u30dd\u30ea\u30b9\u306e\u6539\u5584\u3001\u305d\u306e\u4ed6\u591a\u304f\u306e\u5834\u6240\u3067\u3059\u3002\u3053\u306e\u3088\u3046\u306b\u3001\u79c1\u305f\u3061\u306f\u5730\u4e0a\u3067\u3082\u7a7a\u3067\u3082\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u306b\u91cd\u70b9\u3092\u7f6e\u3044\u305f\u30ab\u30b9\u30bf\u30de\u30fc\u30fb\u30a8\u30af\u30b9\u30da\u30ea\u30a8\u30f3\u30b9\u3092\u8ffd\u6c42\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u308c\u304c\u3001\u79c1\u305f\u3061\u304c\u8a00\u3048\u308b\u3059\u3079\u3066\u3067\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

UBS\u306e\u30de\u30a4\u30eb\u30b9 \u30a6\u30a9\u30eb\u30c8\u30f3\u3067\u3059\u3002<\/p>\n

Myles Walton — UBS — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4eca\u5e74\u4e2d\u306b\u6d88\u8cbb\u8005\u5fc3\u7406\u304c\u8edf\u5316\u3059\u308b\u306e\u3067\u306f\u306a\u3044\u304b\u3068\u3044\u3046\u61f8\u5ff5\u304c\u3042\u308a\u307e\u3059\u3002\u660e\u3089\u304b\u306b\u3001\u7b2c2\u56db\u534a\u671f\u306b\u306f\u305d\u308c\u304c\u898b\u3089\u308c\u307e\u305b\u3093\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u30a8\u30c9\u3001\u3082\u3057\u5fa1\u793e\u306e\u30d3\u30b8\u30cd\u30b9\u306b\u8edf\u5316\u306e\u30b7\u30b0\u30ca\u30eb\u304c\u3042\u308b\u3068\u3059\u308c\u3070\u3001\u305d\u308c\u306f\u307e\u305a\u30d7\u30ec\u30df\u30a2\u30e0\u88fd\u54c1\u306e\u8cfc\u8cb7\u610f\u6b32\u306e\u4f4e\u4e0b\u306b\u73fe\u308c\u308b\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\uff1f\u305d\u308c\u3068\u3082\u3001\u30ec\u30b8\u30e3\u30fc\u30ed\u30fc\u30c9\u306e\u9700\u8981\u6e1b\u9000\u304c\u6700\u521d\u306b\u73fe\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u30ec\u30b8\u30e3\u30fc\u30ed\u30fc\u30c9\u306e\u9700\u8981\u304c\u6e1b\u5c11\u3059\u308b\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u4ed6\u306e\u5206\u91ce\u3067\u306e\u9700\u8981\u304c\u6e1b\u5c11\u3059\u308b\u306e\u304b\u3001\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3\uff08Ed Bastian\uff09\uff1a\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3001\u30de\u30a4\u30eb\u30b9\u3001\u3042\u306a\u305f\u306e\u8a00\u3046\u3068\u304a\u308a\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u898b\u3066\u3044\u306a\u3044\u306e\u3067\u3059\u3002\u3057\u304b\u3057\u540c\u6642\u306b\u3001\u79c1\u305f\u3061\u306e\u6c34\u6676\u7389\u306f\u3001\u4eca\u5f8c60\u65e5\u304b\u308990\u65e5\u3001\u3042\u308b\u3044\u306f\u624b\u6301\u3061\u306e\u30d6\u30c3\u30ad\u30f3\u30b0\u304c\u304d\u3061\u3093\u3068\u69cb\u7bc9\u3055\u308c\u3066\u3044\u308b\u304b\u3069\u3046\u304b\u3068\u3044\u3046\u70b9\u3067\u3001\u305d\u306e\u7a0b\u5ea6\u306e\u3082\u306e\u3067\u3057\u304b\u306a\u3044\u3053\u3068\u3082\u8a8d\u8b58\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u304c\u793a\u3059\u3088\u3046\u306b\u3001\u4eca\u5f8c60\u65e5\u304b\u308990\u65e5\u9593\u306f\u597d\u8abf\u306b\u63a8\u79fb\u3059\u308b\u3082\u306e\u3068\u601d\u308f\u308c\u307e\u3059\u3002<\/p>\n

\u3053\u306e\u305f\u3081\u3001\u590f\u5834\u306f\u975e\u5e38\u306b\u597d\u8abf\u306b\u63a8\u79fb\u3059\u308b\u3068\u898b\u8fbc\u3093\u3067\u3044\u307e\u3059\u3002\u6d88\u8cbb\u8005 — \u6d88\u8cbb\u8005\u306e\u5065\u5eb7\u306b\u3064\u3044\u3066\u306f\u3001\u79c1\u305f\u3061\u306f\u591a\u304f\u306e\u6642\u9593\u3092\u5272\u3044\u3066\u8a71\u3092\u3057\u3001\u89b3\u5bdf\u3057\u3066\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u6d88\u8cbb\u8005\u306b\u95a2\u3057\u3066\u306f\u3001\u4ed6\u306e\u8981\u7d20\u3082\u7d61\u3093\u3067\u3044\u307e\u3059\u3002\u3072\u3068\u3064\u306f\u3001\u3053\u306e2\u5e74\u9593\u3001\u6d88\u8cbb\u8005\u306e\u65c5\u884c\u96e2\u308c\u304c\u9032\u3093\u3067\u3044\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u305d\u306e\u305f\u3081\u3001\u6d88\u8cbb\u8005\u304c\u65c5\u884c\u3078\u306e\u652f\u51fa\u3092\u691c\u8a0e\u3059\u308b\u969b\u306b\u3001\u3053\u306e\u30ab\u30c6\u30b4\u30ea\u30fc\u3092\u512a\u5148\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u30af\u30ec\u30b8\u30c3\u30c8\u30ab\u30fc\u30c9\u306e\u30c7\u30fc\u30bf\u3092\u898b\u308c\u3070\u3001\u305d\u308c\u306f\u4e00\u76ee\u77ad\u7136\u3067\u3059\u3002\u3053\u308c\u306f\u30c7\u30eb\u30bf\u822a\u7a7a\u3060\u3051\u3067\u306a\u304f\u3001\u79c1\u305f\u3061\u306e\u696d\u754c\u306b\u3082\u8a00\u3048\u308b\u3053\u3068\u3067\u3059\u3002\u30db\u30c6\u30eb\u3001\u30ec\u30f3\u30bf\u30ab\u30fc\u4f1a\u793e\u3001\u305d\u306e\u4ed6\u306b\u3082\u540c\u3058\u3053\u3068\u304c\u8a00\u3048\u307e\u3059\u3002<\/p>\n

\u4eba\u3005\u306f\u7d4c\u9a13\u3092\u6c42\u3081\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u5546\u54c1\u3084\u5c0f\u58f2\u304b\u3089\u4f53\u9a13\u3084\u30b5\u30fc\u30d3\u30b9\u3078\u3068\u3001\u304b\u306a\u308a\u5927\u304d\u306a\u30b7\u30d5\u30c8\u304c\u8d77\u304d\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u307e\u305f\u3001\u65c5\u884c\u3092\u3057\u3066\u3044\u306a\u3044\u3068\u3044\u3046\u4e8b\u5b9f\u3060\u3051\u3067\u306a\u304f\u3001\u3053\u3053\u6570\u5e74\u306e\u9593\u306b\u6709\u610f\u7fa9\u306a\u73fe\u91d1\u3084\u81ea\u7531\u88c1\u91cf\u306e\u53ce\u5165\u304c\u84c4\u7a4d\u3055\u308c\u3066\u3044\u308b\u305f\u3081\u3001\u304a\u91d1\u3092\u7bc0\u7d04\u3057\u3066\u3044\u308b\u306e\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3001\u3053\u306e\u65fa\u76db\u306a\u9700\u8981\u304c\u3001\u901a\u5e38\u306e\u590f\u306e\u9ad8\u9a30\u671f\u3092\u8d8a\u3048\u3066\u79cb\u307e\u3067\u7d9a\u304f\u3068\u5f37\u304f\u611f\u3058\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u540c\u6642\u306b\u3001\u79c1\u305f\u3061\u306f\u305d\u308c\u3092\u898b\u5b88\u3063\u3066\u3044\u307e\u3059\u3002\u79c1\u305f\u3061\u304c\u6ce8\u76ee\u3057\u3066\u3044\u308b\u306e\u306f\u3001\u4fa1\u683c\u306e\u62b5\u6297\u52e2\u529b\u3067\u3059\u3002\u7279\u306b\u71c3\u6599\u8cbb\u306a\u3069\u306e\u6295\u5165\u30b3\u30b9\u30c8\u304c\u9ad8\u304f\u3001\u5f53\u793e\u306e\u9700\u7d66\u898b\u901a\u3057\u3092\u8986\u3059\u3088\u3046\u306a\u4fa1\u683c\u304c\u51fa\u59cb\u3081\u305f\u3089\u3001\u6b21\u306e\u30b9\u30c6\u30c3\u30d7\u306b\u9032\u307f\u307e\u3059\u3002\u4eca\u306e\u3068\u3053\u308d\u3001\u590f\u306b\u5411\u3051\u3066\u306f\u614e\u91cd\u306b\u5f37\u6c17\u3067\u81e8\u3093\u3067\u3044\u307e\u3059\u3002<\/p>\n

Myles Walton — UBS — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306b\u3001Evercore\u306eDuane Pfennigwerth\u304b\u3089\u8a71\u3092\u805e\u3053\u3046\u3002<\/p>\n

Duane Pfennigwerth — Evercore ISI — Analyst<\/p>\n

\u3069\u3046\u3082\u3001\u3042\u308a\u304c\u3068\u3046\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b0\u30ec\u30f3\u3001\u3082\u3057\u3088\u308d\u3057\u3051\u308c\u3070\u3001\u3042\u306a\u305f\u306e\u30b3\u30e1\u30f3\u30c8\u3067\u30012Q\u306e\u7d42\u308f\u308a\u307e\u3067\u9806\u6b21\u5229\u56de\u308a\u304c\u6539\u5584\u3059\u308b\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u304c\u3001\u305d\u308c\u306f\u3042\u306a\u305f\u304c\u898b\u3066\u3044\u308b\u5148\u9032\u7684\u306a\u672c\u306e\u5229\u56de\u308a\u306b\u57fa\u3065\u3044\u3066\u3044\u308b\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

5\u6708\u30016\u6708\u306e\u898b\u901a\u3057\u3092\u901a\u5e38\u306e\u6642\u671f\u3068\u6bd4\u3079\u3066\u3069\u306e\u3088\u3046\u306b\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u5148\u884c\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3053\u306e\u8cea\u554f\u307b\u3069\u5acc\u5473\u306a\u3082\u306e\u306f\u306a\u3044\u306e\u3067\u3059\u304c\u3002\u8cea\u554f\u3068\u3057\u3066\u306f\u3001\u9ad8\u3044\u904b\u8cc3\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u3067\u3001\u4f55\u304b\u53cd\u767a\u304c\u3042\u3063\u305f\u308a\u3001\u8e8a\u8e87\u3059\u308b\u3088\u3046\u306a\u3053\u3068\u306f\u306a\u3044\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u793e\u9577<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3001\u5168\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u5b9f\u306e\u3068\u3053\u308d\u3001\u79c1\u305f\u3061\u306f\u3053\u306e\u65fa\u76db\u306a\u9700\u8981\u306b\u8ffd\u3044\u3064\u304f\u305f\u3081\u306b\u52aa\u529b\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u53ce\u76ca\u7ba1\u7406\u30c1\u30fc\u30e0\u306f\u3001\u3053\u306e\u9ad8\u9a30\u3092\u898b\u4e8b\u306b\u7ba1\u7406\u3057\u3001\u590f\u306e\u30d4\u30fc\u30af\u30b7\u30fc\u30ba\u30f3\u306b\u5411\u3051\u3066\u5ea7\u5e2d\u3092\u4e0d\u8db3\u3055\u305b\u306a\u3044\u3053\u3068\u3092\u8ffd\u6c42\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u51fa\u767a\u76f4\u524d\u307e\u3067\u30ea\u30fc\u30ba\u30ca\u30d6\u30eb\u306a\u4fa1\u683c\u3067\u63d0\u4f9b\u3057\u3001\u5ea7\u5e2d\u304c\u8db3\u308a\u306a\u304f\u306a\u3089\u306a\u3044\u3088\u3046\u306b\u3057\u305f\u3044\u306e\u3067\u3059\u3002<\/p>\n

\u3068\u306f\u3044\u3048\u3001\u56fd\u5185\u3067\u306e\u4e88\u7d04\u306e\u7d76\u5bfe\u6570\u3067\u306f\u3001\u6b8b\u308a\u306e\u56db\u534a\u671f\u306f\u524d\u5012\u3057\u3067\u884c\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u51fa\u767a\u304c\u8fd1\u3065\u304f\u306b\u3064\u308c\u3066\u5ea7\u5e2d\u304c\u8db3\u308a\u306a\u304f\u306a\u308b\u3053\u3068\u304c\u306a\u3044\u3088\u3046\u3001\u7a4d\u6975\u7684\u306b\u7ba1\u7406\u3057\u3066\u3044\u307e\u3059\u3002\u4eca\u3001\u79c1\u305f\u3061\u304c\u3069\u306e\u3088\u3046\u306a\u72b6\u6cc1\u306b\u3042\u308b\u306e\u304b\u3001\u3054\u7406\u89e3\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u4eca\u3001\u30c8\u30e9\u30d5\u30a3\u30c3\u30af\u3092\u6b69\u7559\u307e\u308a\u3068\u4ea4\u63db\u3059\u308b\u30e2\u30fc\u30c9\u306b\u3042\u308a\u307e\u3059\u3002<\/p>\n

Duane Pfennigwerth — Evercore ISI — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u305d\u308c\u306f\u53c2\u8003\u306b\u306a\u308a\u307e\u3059\u306d\u3002\u305d\u308c\u304b\u3089\u30012Q\u306e\u30aa\u30d5\u30d4\u30fc\u30af\u74b0\u5883\u304c\u307e\u3060\u5341\u5206\u304b\u3069\u3046\u304b\u308f\u304b\u308a\u307e\u305b\u3093\u304c\u30012019\u5e74\u306b\u5bfe\u3059\u308b\u30d4\u30fc\u30af\u6642\u306e\u6b69\u7559\u307e\u308a\u306e\u6539\u5584\u3068\u30aa\u30d5\u30d4\u30fc\u30af\u6642\u306e\u6b69\u7559\u307e\u308a\u306e\u6539\u5584\u3092\u5bfe\u6bd4\u3057\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u30aa\u30d5\u30d4\u30fc\u30af\u3067\u306e\u30c8\u30eb\u30af\u3068\u3044\u3046\u306e\u306f\u898b\u3048\u59cb\u3081\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3\uff08Glen Hauenstein\uff09\u793e\u9577<\/p>\n

\u3044\u3044\u3048\u3002\u5b9f\u306e\u3068\u3053\u308d\u3001\u4e88\u7d04\u72b6\u6cc1\u3092\u898b\u308b\u3068\u3001\u30d4\u30fc\u30af\u65e5\u3084\u30d4\u30fc\u30af\u65c5\u884c\u671f\u9593\u3067\u306f\u3001\u30aa\u30d5\u30d4\u30fc\u30af\u306b\u6bd4\u3079\u3001\u30aa\u30d5\u30a1\u30fc\u304c\u82e5\u5e72\u5148\u884c\u3057\u3066\u3044\u307e\u3059\u3002\u305d\u3057\u3066\u3001\u671f\u5f85\u901a\u308a\u306e\u6d88\u8cbb\u8005\u306e\u9700\u8981\u304c\u3042\u308a\u3001\u65c5\u884c\u8005\u306f\u30aa\u30d5\u30d4\u30fc\u30af\u671f\u9593\u306b\u79fb\u884c\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u5229\u56de\u308a\u306f\u9ad8\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u6625\u5148\u304b\u3089\u590f\u5834\u306b\u304b\u3051\u3066\u3001\u3053\u306e\u3088\u3046\u306a\u72b6\u6cc1\u304c\u7d9a\u304f\u306e\u306f\u3068\u3066\u3082\u5fc3\u5f37\u3044\u3053\u3068\u3067\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u4eca\u306e\u3068\u3053\u308d\u3001\u6625\u304b\u3089\u590f\u306b\u304b\u3051\u3066\u306e\u65c5\u884c\u304c\u975e\u5e38\u306b\u597d\u8abf\u3067\u3042\u308b\u3053\u3068\u3092\u793a\u3059\u3082\u306e\u3070\u304b\u308a\u3067\u3059\u3002<\/p>\n

Duane Pfennigwerth — Evercore ISI — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u30b0\u30ec\u30f3\u3002\u7d20\u6674\u3089\u3057\u3044\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306b\u3001JP\u30e2\u30eb\u30ac\u30f3\u306e\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30d9\u30a4\u30ab\u30fc\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

\u30b8\u30a7\u30a4\u30df\u30fc\u30fb\u30d9\u30a4\u30ab\u30fc — J.P.\u30e2\u30eb\u30ac\u30f3 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u306f\u3044\u3002\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b0\u30ec\u30f3\u3001\u30d7\u30ec\u30df\u30a2\u30e0\u53ce\u5165\u306b\u3064\u3044\u3066\u8cea\u554f\u3067\u3059\u3002\u767a\u5238\u304b\u3089\u51fa\u767a\u307e\u3067\u306e\u9593\u306b\u8ca9\u58f2\u3055\u308c\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u767a\u5238\u6642\u306b\u8ca9\u58f2\u3055\u308c\u308b\u306e\u306f\u4f55\u30d1\u30fc\u30bb\u30f3\u30c8\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u6642\u9593\u306e\u7d4c\u904e\u3068\u3068\u3082\u306b\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3057\u3066\u3044\u307e\u3059\u304b\uff1f<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3\uff08Glen Hauenstein\uff09\u793e\u9577<\/p>\n

\u79c1\u305f\u3061\u306f\u3001\u767a\u5238\u3001\u767a\u5238\u306e\u6642\u9593\u306b\u3069\u3093\u3069\u3093\u79fb\u884c\u3057\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3053\u306e\u6570\u5b57\u3092\u6301\u3063\u3066\u3044\u306a\u3044\u306e\u3067\u3001\u79c1\u304c\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3057\u307e\u3059\u304c\u300170\uff05\u304f\u3089\u3044\u304c\u767a\u5238\u6642\u300130\uff05\u304f\u3089\u3044\u304c\u8cfc\u5165\u5f8c\u3068\u3044\u3046\u611f\u3058\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u306e\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u30fb\u30c7\u30a3\u30c9\u30e9\u3067\u3059\u3002\u30a2\u30f3\u30c9\u30ea\u30e5\u30fc\u3001\u3042\u306a\u305f\u306e\u56de\u7dda\u306f\u958b\u3044\u3066\u3044\u307e\u3059\u3002\u30df\u30e5\u30fc\u30c8\u3092\u89e3\u9664\u3057\u3066\u3044\u305f\u3060\u3051\u307e\u3059\u304b\u3002<\/p>\n

Andrew Didora — \u30d0\u30f3\u30af\u30aa\u30d6\u30a2\u30e1\u30ea\u30ab\u30fb\u30e1\u30ea\u30eb\u30ea\u30f3\u30c1 — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001\u805e\u3053\u3048\u307e\u3059\u304b\uff1f<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u4eca\u3001\u3042\u306a\u305f\u306e\u58f0\u304c\u805e\u3053\u3048\u307e\u3059\u3002<\/p>\n

Andrew Didora — Bank of America Merrill Lynch — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u30b0\u30ec\u30f3\u3001\u4f01\u696d\u65c5\u884c\u306e\u56de\u5fa9\u306e\u521d\u671f\u6bb5\u968e\u3067\u3042\u308b\u3053\u3068\u306f\u627f\u77e5\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u3044\u304f\u3064\u304b\u306e\u30db\u30c6\u30eb\u4f1a\u793e\u304b\u3089\u3001\u4f01\u696d\u306e\u4e88\u7d04\u66f2\u7dda\u304c\u975e\u5e38\u306b\u77ed\u304f\u306a\u3063\u305f\u3068\u3044\u3046\u8a71\u3092\u805e\u304d\u307e\u3057\u305f\u3002\u901a\u5e3830\u65e5\u304b\u308945\u65e5\u304b\u304b\u308b\u3068\u3053\u308d\u30012\u9031\u9593\u4ee5\u5185\u3068\u3044\u3046\u8a71\u3082\u51fa\u3066\u3044\u308b\u3088\u3046\u3067\u3059\u3002\u5fa1\u793e\u3067\u3082\u540c\u3058\u3088\u3046\u306b\u3001\u4f01\u696d\u306e\u4e88\u7d04\u30ab\u30fc\u30d6\u304c\u77ed\u304f\u306a\u3063\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u56de\u5fa9\u306e\u9032\u5c55\u306b\u4f34\u3044\u3001\u4f01\u696d\u306e\u884c\u52d5\u69d8\u5f0f\u306b\u4ed6\u306e\u5909\u5316\u304c\u898b\u3089\u308c\u59cb\u3081\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n

\u540c\u3058\u3088\u3046\u306a\u73fe\u8c61\u304c\u8d77\u304d\u3066\u3044\u308b\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002\u30b3\u30fc\u30dd\u30ec\u30fc\u30c8\u30fb\u30d6\u30c3\u30ad\u30f3\u30b0\u306f\u300121\u65e5\u4ee5\u5916\u3067\u306f\u30012021\u5e74\u5185\u3082\u540c\u3058\u3088\u3046\u306a\u50be\u5411\u306b\u3042\u308b\u3088\u3046\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u30d3\u30b8\u30cd\u30b9\u306e\u9762\u3067\u306f\u3001\u3054\u304f\u666e\u901a\u306e\u30d6\u30c3\u30ad\u30f3\u30b0\u30ab\u30fc\u30d6\u3092\u898b\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u307e\u305f\u3001\u3053\u308c\u306f\u3042\u306a\u305f\u304c\u6301\u3063\u3066\u3044\u308b\u30bf\u30a4\u30d7\u306e\u53d6\u5f15\u3067\u898b\u308b\u3088\u308a\u3082\u3001\u3088\u308a\u9038\u8a71\u7684\u306a\u3082\u306e\u3067\u3059\u304c\u3001\u4eba\u3005\u304c\u30d3\u30b8\u30cd\u30b9\u3067\u65c5\u884c\u3059\u308b\u7406\u7531\u306f\u5c11\u3057\u7570\u306a\u3063\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30db\u30c6\u30eb\u3067\u306f\u3001\u5927\u304d\u306a\u30d6\u30ed\u30c3\u30af\u3092\u78ba\u4fdd\u3059\u308b\u306e\u304c\u96e3\u3057\u3044\u305f\u3081\u3001AP\u3092\u3088\u308a\u9060\u304f\u306b\u914d\u7f6e\u3059\u308b\u3088\u3046\u306b\u306a\u3063\u3066\u3044\u308b\u306e\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

Andrew Didora — Bank of America Merrill Lynch — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30b8\u30e5\u30ea\u30fc\u30fb\u30b9\u30c1\u30e5\u30ef\u30fc\u30c8 — \u6295\u8cc7\u5bb6\u5411\u3051\u5e83\u5831\u62c5\u5f53\u526f\u793e\u9577<\/p>\n

4\u6708\u3001\u6b21\u306e\u8cea\u554f\u3078\u3069\u3046\u305e\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc\u306e\u65b9<\/p>\n

\u30ec\u30a4\u30e2\u30f3\u30c9\u30fb\u30b8\u30a7\u30fc\u30e0\u30b9\u306e\u30b5\u30f4\u30a3\u30fb\u30b5\u30a4\u30b9\u3067\u3059\u3002<\/p>\n

\u30b5\u30f4\u30a3\u30fb\u30b5\u30a4\u30b9 — \u30ec\u30a4\u30e2\u30f3\u30c9\u30fb\u30b8\u30a7\u30fc\u30e0\u30ba — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7686\u3055\u3093\u3001\u3053\u3093\u306b\u3061\u306f\u3002\u5148\u307b\u3069\u306e\u30d6\u30e9\u30f3\u30c9\u30f3\u306e\u8cea\u554f\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3092\u5c11\u3057\u3055\u305b\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

2Q\u306e\u30ac\u30a4\u30c9\u3092\u3054\u89a7\u306b\u306a\u3063\u3066\u3001\u305d\u3053\u306b\u53cd\u6620\u3055\u308c\u3066\u3044\u308b\u9700\u8981\u306e\u56de\u5fa9\u306f\u3069\u306e\u7a0b\u5ea6\u306e\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u30d3\u30b8\u30cd\u30b9\u9700\u8981\u3067\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n

\u30d3\u30b8\u30cd\u30b9\u9700\u8981\u306f70\uff05\u53f0\u524d\u534a\u3067\u3059\u3002<\/p>\n

Savi Syth — Raymond James — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u4e86\u89e3\u3067\u3059\u3002\u305d\u308c\u304b\u3089\u3001\u30ea\u30fc\u30b8\u30e7\u30ca\u30eb\u30fb\u30a8\u30a2\u30e9\u30a4\u30f3\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u306b\u3064\u3044\u3066\u5c11\u3057\u8a71\u3092\u5909\u3048\u307e\u3059\u3002\u3053\u306e\u30bb\u30b0\u30e1\u30f3\u30c8\u3067\u306f\u3001\u78ba\u304b2012\u5e74\u306b\u79fb\u884c\u304c\u59cb\u307e\u308a\u307e\u3057\u305f\u306d\u3002<\/p>\n

\u305d\u3057\u3066\u3001COVID\u306e\u671f\u9593\u4e2d\u306b\u52a0\u901f\u3057\u305f\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002\u5730\u57df\u822a\u7a7a\u4f1a\u793e\u304c\u76f4\u9762\u3057\u3066\u3044\u308b\u30d1\u30a4\u30ed\u30c3\u30c8\u306e\u4f9b\u7d66\u554f\u984c\u306b\u3064\u3044\u3066\u306f\u3001\u4e00\u904e\u6027\u306e\u3082\u306e\u306a\u306e\u3067\u3057\u3087\u3046\u304b\u3001\u305d\u308c\u3068\u3082\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u5730\u57df\u822a\u7a7a\u4f1a\u793e\u306e\u6226\u7565\u3092\u518d\u691c\u8a0e\u3059\u308b\u5fc5\u8981\u304c\u3042\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3 — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3001Savi\u3002\u305d\u3046\u3067\u3059\u306d\u3001\u78ba\u304b\u306b\u30ea\u30fc\u30b8\u30e7\u30ca\u30eb\u4f01\u696d\u304c\u7d4c\u9a13\u3057\u3066\u3044\u308b\u30d3\u30b8\u30cd\u30b9\u30e2\u30c7\u30eb\u3078\u306e\u6311\u6226\u306f\u3042\u308a\u307e\u3059\u3002\u304a\u3063\u3057\u3083\u308b\u3068\u304a\u308a\u3001\u79c1\u305f\u3061\u306f\u904e\u53bb10\u5e74\u9593\u300150\u5e2d\u30af\u30e9\u30b9\u306e\u30ea\u30fc\u30b8\u30e7\u30ca\u30eb\u30b8\u30a7\u30c3\u30c8\u6a5f\u304b\u3089\u7a4d\u6975\u7684\u306b\u79fb\u884c\u3057\u3066\u304d\u307e\u3057\u305f\u3002\u305d\u306e\u7d50\u679c\u3001\u68da\u3084\u30d1\u30a4\u30ed\u30c3\u30c8\u8981\u4ef6\u3001\u4eba\u54e1\u914d\u7f6e\u306e\u7fa9\u52d9\u3068\u3044\u3046\u70b9\u3067\u3001\u696d\u754c\u306e\u4ed6\u306e\u7af6\u5408\u4ed6\u793e\u3088\u308a\u3082\u30ea\u30fc\u30b8\u30e7\u30ca\u30eb\u304b\u3089\u51fa\u308b\u30ea\u30d5\u30c8\u304c\u5c11\u306a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u73fe\u5728\u3067\u306f\u3001150\u5e2d\u4ee5\u4e0b\u306e\u30ea\u30fc\u30b8\u30e7\u30ca\u30eb\u822a\u7a7a\u4f1a\u793e\u306b\u307e\u3067\u6e1b\u5c11\u3057\u3066\u304a\u308a\u3001\u304a\u305d\u3089\u304f\u5b9f\u8cea\u7684\u306b\u306f\u305d\u308c\u4ee5\u4e0b\u3067\u3042\u308b\u3068\u601d\u308f\u308c\u307e\u3059\u3002\u4eca\u5f8c\u3082\u4e0b\u304c\u308a\u7d9a\u3051\u308b\u3067\u3057\u3087\u3046\u3002\u30ea\u30bb\u30c3\u30c8\u671f\u9593\u306a\u3093\u3067\u3059\u3002\u7686\u3055\u3093\u3001\u305d\u308c\u306a\u308a\u306b\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u5bfe\u5fdc\u3057\u3066\u3044\u308b\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u78ba\u304b\u306b\u3001\u30d1\u30a4\u30ed\u30c3\u30c8\u3092\u30e1\u30a4\u30f3\u30e9\u30a4\u30f3\u306b\u4e0a\u3052\u308b\u6e96\u5099\u304c\u6574\u3046\u307e\u3067\u30ea\u30fc\u30b8\u30e7\u30ca\u30eb\u30ab\u30c6\u30b4\u30ea\u30fc\u306b\u7559\u3081\u3066\u304a\u304f\u3053\u3068\u306f\u3001\u30d1\u30a4\u30ed\u30c3\u30c8\u5074\u306e\u30b3\u30b9\u30c8\u3092\u62bc\u3057\u4e0a\u3052\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u57fa\u672c\u7684\u306b\u306f\u3001\u79c1\u305f\u3061\u306b\u3068\u3063\u3066\u826f\u3044\u30d3\u30b8\u30cd\u30b9\u3067\u3042\u308b\u3053\u3068\u306b\u5909\u308f\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u304b\u306a\u308a\u306e\u6295\u8cc7\u3092\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u6210\u9577\u3092\u7d9a\u3051\u308b\u305f\u3081\u306b\u30d9\u30b9\u30c8\u3092\u5c3d\u304f\u3057\u307e\u3059\u304c\u3001\u4e0b\u4f4d\u30ab\u30c6\u30b4\u30ea\u30fc\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u79c1\u305f\u3061\u306f76\u5e2d\u306e\u88fd\u54c1\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n

76\u5e2d\u306e\u88fd\u54c1\u306b\u6e80\u8db3\u3057\u3066\u3044\u307e\u3059\u3057\u3001\u3082\u3063\u3068\u5897\u3084\u305b\u308b\u306e\u3067\u3042\u308c\u3070\u5897\u3084\u3057\u305f\u3044\u3068\u601d\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306b\u3001\u30d0\u30fc\u30f3\u30b9\u30bf\u30a4\u30f3\u306e\u30c7\u30f4\u30a3\u30c3\u30c9\u30fb\u30f4\u30a1\u30fc\u30ce\u30f3\u3055\u3093\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

David Vernon — Sanford C. Bernstein — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001\u307e\u305f\u306f\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30c0\u30f3\u3001\u30b3\u30b9\u30c8\u5897\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u6559\u3048\u3066\u304f\u308c\u3066\u3042\u308a\u304c\u3068\u3046\u3001\u3053\u306e\u6570\u5b57\u304c\u7d76\u5bfe\u984d\u3067\u3069\u306e\u3088\u3046\u306a\u3082\u306e\u304b\u3092\u8abf\u3079\u3089\u308c\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u3053\u306e\u30b3\u30b9\u30c8\u30ac\u30a4\u30c0\u30f3\u30b9\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306e\u30ea\u30b9\u30af\u3001\u30a2\u30c3\u30d7\u30b5\u30a4\u30c9\u30ea\u30b9\u30af\u3001\u30c0\u30a6\u30f3\u30b5\u30a4\u30c9\u30ea\u30b9\u30af\u306b\u3064\u3044\u3066\u6559\u3048\u3066\u304f\u3060\u3055\u3044\u3002\u307e\u305f\u3001\u56fd\u969b\u7684\u306a\u518d\u958b\u767a\u304c\u5fc5\u8981\u306a\u306e\u304b\u3001\u305d\u308c\u3068\u3082\u3001\u3053\u306e\u307e\u307e\u3067\u3044\u3044\u3068\u304a\u8003\u3048\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u30012022\u5e74\u304b\u30892023\u5e74\u306b\u304b\u3051\u3066\u3001Ed\u304c\u8ff0\u3079\u305f\u3088\u3046\u306b\u3001\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u5897\u5f37\u3001\u4eba\u54e1\u306e\u914d\u7f6e\u3001\u30c8\u30ec\u30fc\u30cb\u30f3\u30b0\u306e\u5b9f\u65bd\u306a\u3069\u3092\u5148\u884c\u3057\u3066\u884c\u3063\u3066\u3044\u307e\u3059\u304c\u3001\u3053\u306e5\uff05\u306e\u751f\u7523\u80fd\u529b\u306e\u305f\u3081\u306e\u30b3\u30b9\u30c8\u5897\u3092\u3001\u4eca\u5e74\u5f8c\u534a\u306e\u72b6\u6cc1\u3068\u6bd4\u8f03\u3057\u3066\u3001\u7d76\u5bfe\u984d\u3067\u3069\u306e\u3088\u3046\u306b\u8003\u3048\u308b\u3079\u304d\u3067\u3057\u3087\u3046\u304b\u30022022\u5e74\u304b\u30892023\u5e74\u306b\u304b\u3051\u3066\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u306e\u9700\u8981\u56de\u5fa9\u3092\u524d\u306b\u3057\u305f\u96c7\u7528\u3092\u8003\u3048\u308b\u3068\u3001\u3053\u306e\u30b3\u30b9\u30c8\u5897\u3092\u3069\u3046\u8003\u3048\u308b\u3079\u304d\u304b\u3001\u3042\u308b\u3044\u306f\u3069\u3046\u8003\u3048\u308b\u3079\u304d\u304b\u3092\u77e5\u308a\u305f\u3044\u3060\u3051\u306a\u306e\u3067\u3059\u304c\u3001\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u6c42\u3081\u3066\u3044\u307e\u305b\u3093\u3002<\/p>\n

Dan Janki — \u6700\u9ad8\u8ca1\u52d9\u8cac\u4efb\u8005<\/p>\n

\u305d\u3046\u3067\u3059\u306d\u3002\u30b9\u30c6\u30c3\u30d7\u30a2\u30c3\u30d7\u3068\u30b9\u30c6\u30c3\u30d7\u30d5\u30a1\u30f3\u30af\u30b7\u30e7\u30f3\u306e\u5909\u66f4\u306b\u3064\u3044\u3066\u8003\u3048\u308b\u3068\u304d\u3001\u6700\u5927\u306e\u30ea\u30b9\u30af\u306f\u6700\u7d42\u7684\u306b\u306f\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306b\u5e30\u7d50\u3057\u307e\u3059\u3002\u305d\u3057\u3066\u305d\u308c\u306f\u3001\u79c1\u305f\u3061\u304c\u98db\u884c\u3055\u305b\u308bASM\u306e\u3053\u3068\u3067\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u4e0a\u534a\u671f\u306b\u304a\u8a71\u3057\u3057\u305f\u3088\u3046\u306b\u3001\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u304c2\u30dd\u30a4\u30f3\u30c8\u4f4e\u304f\u3001\u305d\u306e\u7d50\u679c\u3001\u79c1\u305f\u3061\u304c\u8003\u3048\u3066\u3044\u305f\u3088\u308a\u3082\u9ad8\u3044\u4f4d\u7f6e\u306b\u3044\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u3053\u308c\u304c\u4e00\u756a\u5927\u304d\u306a\u8981\u7d20\u3067\u3059\u3002\u3053\u308c\u306f4\u5206\u306e3\u306e\u5272\u5408\u3067\u3059\u3002\u6b8b\u308a\u306e4\u5206\u306e1\u306f\u3001\u822a\u7a7a\u6a5f\u306e\u52b9\u7387\u5316\u3001\u7a7a\u6e2f\u306e\u52b9\u7387\u5316\u3001\u65bd\u8a2d\u3084\u4eba\u6750\u306e\u52b9\u7387\u5316\u3067\u3059\u304c\u3001\u6700\u3082\u5927\u304d\u3044\u306e\u306fASM\u306e\u5fa9\u65e7\u306b\u95a2\u9023\u3059\u308b\u3082\u306e\u3067\u3059\u3002\u79c1\u305f\u3061\u306f\u3001\u5fa9\u5143\u3055\u308c\u308b\u3088\u3046\u306b\u3053\u308c\u3092\u69cb\u7bc9\u3057\u3066\u304a\u308a\u3001\u305d\u306e\u9032\u884c\u5f62\u306a\u306e\u3067\u3059\u3002<\/p>\n

\u3067\u3059\u304b\u3089\u3001\u79c1\u305f\u3061\u306f\u3001\u8907\u6570\u5e74\u306e\u67a0\u7d44\u307f\u3092\u8a2d\u5b9a\u3057\u305f\u3068\u304d\u306b\u3001\u8cc7\u672c\u5e02\u5834\u306e\u8a71\u306b\u623b\u308a\u307e\u3059\u304c\u3001\u4eca\u5e74\u306f7%\u304b\u308910%\u30012023\u5e74\u306b\u95a2\u3057\u3066\u306f\u4e00\u6841\u524d\u534a\u304b\u3089\u534a\u3070\u30012024\u5e74\u306b\u95a2\u3057\u3066\u306f\u975e\u5e38\u306b\u4f4e\u3044\u4e00\u6841\u524d\u534a\u306b\u306a\u308b\u3060\u308d\u3046\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u671f\u9593\u4e2d\u306b100\uff05\u56de\u5fa9\u3055\u305b\u308b\u3053\u3068\u304c\u5fc5\u8981\u3067\u3059\u3002\u305d\u306e\u6642\u70b9\u3067\u3001\u5148\u307b\u3069\u304a\u8a71\u3057\u305f\u79fb\u884c\u8cbb\u7528\u306f\u3059\u3079\u3066\u306a\u304f\u306a\u308a\u3001\u5fa9\u65e7\u4f5c\u696d\u3082\u7d42\u4e86\u3057\u3001100%\u7a3c\u50cd\u306e\u6069\u6075\u3092\u53d7\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc\u306e\u30e9\u30f4\u30a3\u30fb\u30b7\u30e3\u30f3\u30ab\u30fc\u3067\u3059\u3002<\/p>\n

\u30e9\u30f4\u30a3\u30fb\u30b7\u30e3\u30f3\u30ab\u30fc — \u30e2\u30eb\u30ac\u30f3\u30b9\u30bf\u30f3\u30ec\u30fc — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u30021Q\u304b\u30892Q\u3078\u306e\u79fb\u884c\u306b\u3064\u3044\u3066\u3001\u524d\u56de\u306e\u30b3\u30e1\u30f3\u30c8\u306e\u30d5\u30a9\u30ed\u30fc\u30a2\u30c3\u30d7\u3067\u3059\u304c\u3001\u3064\u307e\u308a\u3001\u660e\u3089\u304b\u306b\u30012Q\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u304b\u306a\u308a\u5f37\u529b\u3067\u3059\u30022021\u5e74\u5f8c\u534a\u306b\u898b\u3089\u308c\u305f\u3088\u3046\u306a\u6975\u7aef\u306a\u30d4\u30fc\u30af\u3068\u305d\u306e\u9593\u306e\u6975\u7aef\u306a\u8c37\u304c\u4e26\u5b58\u3057\u3066\u3044\u308b\u3088\u3046\u306a\u72b6\u6cc1\u306f\u904e\u53bb\u306e\u3082\u306e\u3060\u3068\u8a00\u3063\u3066\u3044\u3044\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u6625\u4f11\u307f\u304b\u3089\u590f\u306e\u65c5\u884c\u3078\u306e\u79fb\u884c\u3092\u8003\u3048\u308b\u3068\u304d\u3001\u305d\u306e\u30d4\u30fc\u30af\u306e\u9593\u306e\u8c37\u306f\u305d\u308c\u307b\u3069\u898b\u3089\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3057\u3087\u3046\u304b\u3002\u305d\u308c\u306f\u4f01\u696d\u306e\u305b\u3044\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u3053\u306e\u3053\u3068\u306f\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u4fe1\u983c\u6027\u3084\u822a\u7a7a\u4f1a\u793e\u306e\u80fd\u529b\u306b\u3068\u3063\u3066\u3069\u306e\u3088\u3046\u306a\u610f\u5473\u3092\u6301\u3064\u306e\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

Glen Hauenstein — \u793e\u9577<\/p>\n

COVID\u304b\u3089\u64a4\u9000\u3059\u308b\u3053\u3068\u3067\u3001\u5e74\u9593\u3092\u901a\u3058\u3066\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u306e\u52b9\u7387\u6027\u3092\u9ad8\u3081\u308b\u305f\u3081\u306b\u3001\u3053\u308c\u307e\u3067\u306e\u3088\u3046\u306a\u30d4\u30fc\u30af\u6642\u306e\u904b\u7528\u306f\u884c\u308f\u306a\u304f\u306a\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u305d\u3053\u3067\u3001\u30d4\u30fc\u30af\u6642\u306e\u904b\u7528\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u7de9\u548c\u3059\u308b\u305f\u3081\u306b\u3001\u3055\u307e\u3056\u307e\u306a\u8a08\u753b\u3092\u7acb\u3066\u3066\u3044\u307e\u3059\u3002\u4f8b\u3048\u3070\u3001COVID\u4ee5\u524d\u306f\u3001\u590f\u306b\u904b\u822a\u3059\u308b\u30ef\u30a4\u30c9\u30dc\u30c7\u30a3\u6a5f\u306e\u6570\u304c\u51ac\u3088\u308a\u308220\uff05\u307b\u3069\u591a\u304b\u3063\u305f\u306e\u3067\u3059\u304c\u3001COVID\u4ee5\u964d\u306f\u3001\u590f\u306b\u904b\u822a\u3059\u308b\u30ef\u30a4\u30c9\u30dc\u30c7\u30a3\u6a5f\u306e\u6570\u304c\u51ac\u3088\u308a\u308220\uff05\u307b\u3069\u591a\u304f\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u305f\u3081\u3001\u30d1\u30a4\u30ed\u30c3\u30c8\u3084\u5ba2\u5ba4\u4e57\u52d9\u54e1\u3092\u3069\u306e\u3088\u3046\u306b\u6d3b\u7528\u3057\u3066\u3044\u308b\u304b\u3092\u8003\u3048\u3066\u307f\u308b\u3068\u3001\u30aa\u30d5\u30d4\u30fc\u30af\u306b\u306f\u975e\u5e38\u306b\u697d\u306a\u52e4\u52d9\u4f53\u5236\u3067\u3001\u30d4\u30fc\u30af\u6642\u306b\u306f\u975e\u5e38\u306b\u7dca\u5f35\u3059\u308b\u52e4\u52d9\u4f53\u5236\u306b\u306a\u3063\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n

COVID\u3067\u53d6\u308a\u7d44\u3093\u3060\u306e\u306f\u3001\u3088\u308a\u5b63\u7bc0\u611f\u306e\u306a\u3044\u30cd\u30c3\u30c8\u30ef\u30fc\u30af\u3092\u69cb\u7bc9\u3059\u308b\u3053\u3068\u3067\u3001\u8cc7\u7523\u306e\u5229\u7528\u7387\u3092\u9ad8\u3081\u3001\u30d4\u30fc\u30af\u3092\u5e73\u6e96\u5316\u3057\u3001\u8c37\u3092\u57cb\u3081\u5408\u308f\u305b\u308b\u3053\u3068\u3067\u3057\u305f\u3002\u305d\u306e\u305f\u3081\u306b\u3001\u79c1\u305f\u3061\u306f\u591a\u304f\u306e\u6642\u9593\u3092\u8cbb\u3084\u3057\u3001\u305d\u308c\u3092\u4f5c\u308a\u4e0a\u3052\u307e\u3057\u305f\u3002\u79cb\u3068\u51ac\u306e\u30b9\u30b1\u30b8\u30e5\u30fc\u30eb\u3092\u3054\u89a7\u306b\u306a\u308c\u3070\u3001\u79c1\u305f\u3061\u304c\u3069\u306e\u3088\u3046\u306b\u305d\u308c\u306b\u5bfe\u51e6\u3057\u305f\u304b\u304c\u304a\u308f\u304b\u308a\u3044\u305f\u3060\u3051\u308b\u3068\u601d\u3044\u307e\u3059\u3002\u4eca\u3059\u3050\u306b\u306f\u8a73\u3057\u304f\u304a\u8a71\u3067\u304d\u307e\u305b\u3093\u304c\u3001\u3053\u308c\u3089\u304c\u79c1\u305f\u3061\u304c\u5b9f\u969b\u306b\u884c\u3063\u3066\u3044\u308b\u3053\u3068\u3060\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306b\u3001\u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u306e\u30b7\u30fc\u30e9\u30fb\u30ab\u30d2\u30e4\u30aa\u30b0\u30eb\u3055\u3093\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

Sheila Kahyaoglu — Jefferies — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3001\u304a\u6642\u9593\u3092\u3044\u305f\u3060\u304d\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b8\u30a7\u30d5\u30ea\u30fc\u30ba\u306e\u30b7\u30fc\u30e9\u30fb\u30ab\u30d2\u30e4\u30aa\u30b0\u30eb\u3067\u3059\u3002\u3053\u306e\u30a4\u30f3\u30d5\u30ec\u74b0\u5883\u4e0b\u3067\u306e\u4fa1\u683c\u6226\u7565\u306b\u3064\u3044\u3066\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002\u3069\u306e\u3088\u3046\u306b\u7ba1\u7406\u3057\u3066\u304d\u305f\u306e\u304b\u3001\u307e\u305f\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3057\u3066\u304d\u305f\u306e\u304b\u3002<\/p>\n

\u307e\u305f\u3001\u30ed\u30fc\u30c9\u30d5\u30a1\u30af\u30bf\u30fc\u3078\u306e\u5f71\u97ff\u306f\u3044\u304b\u304c\u3067\u3057\u3087\u3046\u304b\uff1f\u5148\u307b\u3069\u306e\u8cea\u554f\u3067\u3001\u9700\u8981\u306f\u5909\u308f\u3063\u3066\u3044\u306a\u3044\u3068\u304a\u3063\u3057\u3083\u3063\u3066\u3044\u305f\u3068\u601d\u3044\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u660e\u3089\u304b\u306b\u3001\u7b2c2\u56db\u534a\u671f\u306e\u30ad\u30e3\u30d1\u30b7\u30c6\u30a3\u306e\u30ac\u30a4\u30c0\u30f3\u30b9\u306f\u30012019\u5e74\u306e\u30ec\u30d9\u30eb\u3088\u308a16\uff05\u4f4e\u3044\u307e\u307e\u3067\u3059\u3002\u305d\u3053\u3067\u3001\u305d\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3092\u3069\u306e\u3088\u3046\u306b\u7ba1\u7406\u3055\u308c\u3066\u3044\u308b\u306e\u304b\u3001\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u793e\u9577<\/p>\n

\u3064\u307e\u308a\u3001\u5c06\u6765\u306e\u4fa1\u683c\u306b\u3064\u3044\u3066\u306f\u3001\u539f\u5247\u3068\u3057\u3066\u8a71\u3057\u307e\u305b\u3093\u306e\u3067\u3001\u305d\u306e\u8a71\u984c\u306b\u306f\u89e6\u308c\u306a\u3044\u3088\u3046\u306b\u3057\u307e\u3059\u3002\u305f\u3060\u3001\u9700\u8981\u304c\u9ad8\u307e\u3063\u3066\u3044\u308b\u3068\u304d\u306b\u306f\u3001\u5e02\u5834\u3067\u306e\u63d0\u6848\u3092\u6539\u5584\u3057\u3001\u6d88\u8cbb\u8005\u304c\u305d\u308c\u306b\u53cd\u5fdc\u3059\u308b\u304b\u3069\u3046\u304b\u3092\u78ba\u8a8d\u3059\u308b\u305f\u3081\u306e\u30de\u30fc\u30b8\u30f3\u306e\u6a5f\u4f1a\u304c\u3042\u308b\u3053\u3068\u306f\u660e\u3089\u304b\u3067\u3059\u3002\u71c3\u6599\u4fa1\u683c\u304c\u4e0a\u6607\u3057\u7d9a\u3051\u3001\u9700\u8981\u304c\u5805\u8abf\u306b\u63a8\u79fb\u3059\u308b\u4e2d\u3067\u3001\u79c1\u305f\u3061\u306f\u5b9f\u969b\u306b\u3053\u306e\u3088\u3046\u306a\u53d6\u308a\u7d44\u307f\u3092\u884c\u3063\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n

\u305d\u306e\u7d50\u679c\u3001\u7b2c2\u56db\u534a\u671f\u306e\u53ce\u76ca\u74b0\u5883\u306f\u975e\u5e38\u306b\u5feb\u9069\u306b\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n

Sheila Kahyaoglu — Jefferies — \u30a2\u30ca\u30ea\u30b9\u30c8<\/p>\n

\u7d20\u6674\u3089\u3057\u3044\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30b8\u30e5\u30ea\u30fc\u30fb\u30b9\u30c1\u30e5\u30ef\u30fc\u30c8 — \u30a4\u30f3\u30d9\u30b9\u30bf\u30fc\u30fb\u30ea\u30ec\u30fc\u30b7\u30e7\u30f3\u30ba\u62c5\u5f53\u526f\u793e\u9577<\/p>\n

\u30b7\u30fc\u30e9\u3055\u3093\u3001\u4ed6\u306b\u3054\u8cea\u554f\u306f\u3042\u308a\u307e\u3059\u304b\uff1f\u7533\u3057\u8a33\u3042\u308a\u307e\u305b\u3093\u3002\u4ee5\u4e0a\u3067\u30a2\u30ca\u30ea\u30b9\u30c8\u5411\u3051\u96fb\u8a71\u4f1a\u8b70\u3092\u7d42\u4e86\u3057\u307e\u3059\u3002\u7d9a\u3044\u3066\u3001\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u304a\u3088\u3073\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u62c5\u5f53\u306e\u30c6\u30a3\u30e0\u30fb\u30e1\u30a4\u30d7\u30b9\u304b\u3089\u30e1\u30c7\u30a3\u30a2\u5411\u3051\u306e\u8cea\u554f\u3092\u3055\u305b\u3066\u3044\u305f\u3060\u304d\u307e\u3059\u3002<\/p>\n

\u30c6\u30a3\u30e0\u30fb\u30e1\u30a4\u30d7\u30b9 — \u30c1\u30fc\u30d5\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\uff06\u30b3\u30df\u30e5\u30cb\u30b1\u30fc\u30b7\u30e7\u30f3\u30aa\u30d5\u30a3\u30b5\u30fc<\/p>\n

\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30a8\u30a4\u30d7\u30ea\u30eb\u3001\u3082\u3057\u3088\u308d\u3057\u3051\u308c\u3070\u3001\u8cea\u554f\u306e\u4ed5\u65b9\u306b\u3064\u3044\u3066\u7686\u3055\u3093\u306b\u304a\u4f1d\u3048\u3044\u305f\u3060\u3051\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u307e\u305f\u3001\u4f1a\u5834\u306b\u306f\u305f\u304f\u3055\u3093\u306e\u30a8\u30cd\u30eb\u30ae\u30fc\u304c\u3042\u308a\u307e\u3059\u306e\u3067\u3001\u3053\u306e\u30da\u30fc\u30b9\u3092\u7dad\u6301\u3057\u305f\u3044\u306e\u3067\u3042\u308c\u3070\u3001\u3067\u304d\u308b\u3060\u3051\u591a\u304f\u306e\u8cea\u554f\u3092\u7d42\u308f\u3089\u305b\u308b\u3088\u3046\u306b\u3057\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n[\u307e\u305a\u3001CNBC\u306e\u30ec\u30b9\u30ea\u30fc\u30fb\u30b8\u30e7\u30bb\u30d5\u30b9\u3055\u3093\u304b\u3089\u304a\u8a71\u3092\u4f3a\u3044\u307e\u3059\u3002<\/p>\n

\u30ec\u30b9\u30ea\u30fc\u30fb\u30b8\u30e7\u30bb\u30d5\u30b9 — \u30a8\u30a2\u30e9\u30a4\u30f3\u30fb\u30ea\u30dd\u30fc\u30bf\u30fc<\/p>\n

\u3053\u3093\u306b\u3061\u306f\u3001\u7686\u3055\u3093\u3001\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u5ba2\u5ba4\u4e57\u52d9\u54e1\u306e\u7d44\u5408\u6d3b\u52d5\u306b\u3064\u3044\u3066\u3001\u5c11\u3057\u304a\u8a71\u3057\u3044\u305f\u3060\u3051\u306a\u3044\u3067\u3057\u3087\u3046\u304b\u3002\u30a2\u30de\u30be\u30f3\u3084\u30b9\u30bf\u30fc\u30d0\u30c3\u30af\u30b9\u306a\u3069\u3001\u4ed6\u306e\u4f01\u696d\u306b\u3082\u6ce8\u76ee\u304c\u96c6\u307e\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n

\u4eca\u5e74\u3001\u5fa1\u793e\u306e\u5ba2\u5ba4\u4e57\u52d9\u54e1\u3082\u7d44\u5408\u306b\u52a0\u5165\u3059\u308b\u3068\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u307e\u305f\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u3078\u306e\u5f71\u97ff\u306f\u3069\u3046\u3067\u3057\u3087\u3046\u304b\uff1f\u63a1\u7528\u6d3b\u52d5\u306b\u6709\u5229\u306b\u50cd\u304f\u3068\u601d\u3044\u307e\u3059\u304b\u3001\u305d\u308c\u3068\u3082\u4e0d\u5229\u306b\u50cd\u304f\u3068\u601d\u3044\u307e\u3059\u304b\uff1f\u305d\u308c\u304b\u30892\u3064\u76ee\u306e\u8cea\u554f\u3067\u3059\u304c\u3001\u30ef\u30af\u30c1\u30f3\u672a\u63a5\u7a2e\u306e\u5f93\u696d\u54e1\u306e\u5065\u5eb7\u4fdd\u967a\u306b\u306f\u3001\u307e\u3060\u6708200\u30c9\u30eb\u306e\u8ffd\u52a0\u6599\u91d1\u3092\u5fb4\u53ce\u3057\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3 — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

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\u3067\u3059\u304b\u3089\u3001\u3053\u308c\u306f\u4f55\u3082\u65b0\u3057\u3044\u3053\u3068\u3067\u3082\u3001\u9055\u3046\u3053\u3068\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002\u672c\u5f53\u306b\u540c\u3058\u3053\u3068\u306e\u7e70\u308a\u8fd4\u3057\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001Amazon\u3084Starbucks\u306a\u3069\u3067\u8d77\u304d\u3066\u3044\u308b\u3053\u3068\u3092\u3001\u30c7\u30eb\u30bf\u822a\u7a7a\u3068\u540c\u3058\u3088\u3046\u306b\u8003\u3048\u3088\u3046\u3068\u306f\u601d\u3044\u307e\u305b\u3093\u3002\u307e\u3063\u305f\u304f\u7570\u306a\u308b\u72b6\u6cc1\u306a\u306e\u3067\u3059\u3002<\/p>\n

\u305d\u3057\u3066\u3001\u30d1\u30f3\u30c7\u30df\u30c3\u30af\u306f\u5b63\u7bc0\u6027\u30a6\u30a4\u30eb\u30b9\u306b\u79fb\u884c\u3057\u3066\u304a\u308a\u3001\u4e88\u9632\u63a5\u7a2e\u3092\u53d7\u3051\u3066\u3044\u306a\u3044\u5f93\u696d\u54e1\u306f\u4eca\u5f8c\u3001\u8ffd\u52a0\u306e\u4fdd\u967a\u6599\u3092\u652f\u6255\u3046\u3053\u3068\u306f\u306a\u3044\u3068\u8003\u3048\u3066\u3044\u308b\u305f\u3081\u3001\u4eca\u6708\u304b\u3089\u8ffd\u52a0\u4fdd\u967a\u6599\u306e\u5fb4\u53ce\u3092\u53d6\u308a\u3084\u3081\u307e\u3057\u305f\u3002<\/p>\n

\u30ec\u30b9\u30ea\u30fc\u30fb\u30b8\u30e7\u30bb\u30d5\u30b9\uff08Leslie Josephs\uff09 Airline Reporter<\/p>\n

\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3057\u305f\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

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\u30a2\u30ea\u30bd\u30f3\u30fb\u30b5\u30a4\u30c0\u30fc — \u30a8\u30a2\u30e9\u30a4\u30f3\u30fb\u30ea\u30dd\u30fc\u30bf\u30fc<\/p>\n

\u3069\u3046\u3082\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u4e2d\u5805\u822a\u7a7a\u4f1a\u793e\u9593\u306e\u7d71\u5408\u306e\u8b70\u8ad6\u306b\u3064\u3044\u3066\u3001\u3069\u3046\u304a\u8003\u3048\u3067\u3059\u304b\uff1f\u5177\u4f53\u7684\u306a\u53d6\u5f15\u306b\u3064\u3044\u3066\u306e\u30b3\u30e1\u30f3\u30c8\u306f\u6c42\u3081\u307e\u305b\u3093\u3002\u3082\u3057\u3001\u3053\u308c\u3089\u306e\u822a\u7a7a\u4f1a\u793e\u306e\u9593\u3067\u7d71\u5408\u304c\u9032\u3080\u3068\u3057\u305f\u3089\u3001\u7af6\u4e89\u74b0\u5883\u306f\u3069\u306e\u3088\u3046\u306b\u5909\u5316\u3059\u308b\u3067\u3057\u3087\u3046\u304b\uff1f<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3\uff08Ed Bastian\uff09\uff1a\u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

\u30a2\u30ea\u3001\u305d\u308c\u306f\u3068\u3066\u3082\u3044\u3044\u8a66\u307f\u3067\u3059\u304c\u3001\u79c1\u305f\u3061\u3082\u305d\u308c\u306b\u565b\u307f\u3064\u304f\u3064\u3082\u308a\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n

\u30a2\u30ea\u30bd\u30f3\u30fb\u30b5\u30a4\u30c0\u30fc — \u30a8\u30a2\u30e9\u30a4\u30f3\u30fb\u30ea\u30dd\u30fc\u30bf\u30fc<\/p>\n

\u308f\u304b\u308a\u307e\u3057\u305f\u3002\u3042\u308a\u304c\u3068\u3046\u3054\u3056\u3044\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

\u6b21\u306f\u3001AP\u901a\u4fe1\u306e\u30c7\u30fc\u30d3\u30c3\u30c9\u30fb\u30b1\u30fc\u30cb\u30c3\u30d2\u304b\u3089\u3067\u3059\u3002<\/p>\n

\u30c7\u30fc\u30d3\u30c3\u30c9\u30fb\u30b1\u30fc\u30cb\u30c3\u30d2 — \u30d3\u30b8\u30cd\u30b9\u30fb\u30ea\u30dd\u30fc\u30bf\u30fc<\/p>\n

\u304a\u306f\u3088\u3046\u3054\u3056\u3044\u307e\u3059\u3002\u30b0\u30ec\u30f3\u3001\u3042\u306a\u305f\u304c\u8a00\u3063\u305f\u3088\u3046\u306b\u3001\u30ef\u30b7\u30f3\u30c8\u30f3\u304c\u51fa\u56fd\u524d\u30c6\u30b9\u30c8\u8981\u6c42\u3092\u64a4\u56de\u3059\u308b\u826f\u3044\u5146\u3057\u3092\u805e\u3044\u305f\u3068\u8a00\u3044\u307e\u3057\u305f\u306d\u3002\u5177\u4f53\u7684\u306b\u306f\u3069\u306e\u3088\u3046\u306a\u3053\u3068\u3092\u3001\u8ab0\u304b\u3089\u805e\u3044\u3066\u3044\u308b\u306e\u3067\u3057\u3087\u3046\u304b\uff1f\u307e\u305f\u3001\u30de\u30b9\u30af\u306e\u7fa9\u52d9\u5316\u306b\u3064\u3044\u3066\u3082\u540c\u3058\u8cea\u554f\u3092\u3057\u305f\u3044\u3068\u601d\u3044\u307e\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n

\u3067\u306f\u3001\u6cd5\u52d9\u62c5\u5f53\u306e\u30d4\u30fc\u30bf\u30fc\u306b\u4ee3\u308f\u3063\u3066\u3082\u3089\u3044\u307e\u3057\u3087\u3046\u3002<\/p>\n

\u30d4\u30fc\u30bf\u30fc\u30fb\u30ab\u30fc\u30bf\u30fc — \u6700\u9ad8\u6cd5\u52d9\u8cac\u4efb\u8005<\/p>\n

\u51fa\u56fd\u524d\u691c\u67fb\u306f\u8fd1\u3044\u5c06\u6765\u6bb5\u968e\u7684\u306b\u5ec3\u6b62\u3055\u308c\u308b\u3068\u3044\u3046\u5f37\u3044\u793a\u5506\u3092\u5f97\u305f\u3068\u8a00\u3048\u307e\u3059\u3002<\/p>\n

\u30aa\u30da\u30ec\u30fc\u30bf\u30fc<\/p>\n

USA\u30c8\u30a5\u30c7\u30a4\u306e\u30c9\u30fc\u30f3\u30fb\u30ae\u30eb\u30d0\u30fc\u30c8\u30bd\u30f3\u3067\u3059\u3002<\/p>\n

Dawn Gilbertson — \u30b3\u30f3\u30b7\u30e5\u30de\u30fc\u30c8\u30e9\u30d9\u30eb\u30ec\u30dd\u30fc\u30bf\u30fc<\/p>\n

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\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3\uff08Glen Hauenstein\uff09\u793e\u9577<\/p>\n

\u79c1\u305f\u3061\u306e\u76ee\u6a19\u306f\u3001\u51fa\u767a\u5f53\u65e5\u307e\u3067\u30ea\u30fc\u30ba\u30ca\u30d6\u30eb\u306a\u4fa1\u683c\u5e2f\u3092\u7dad\u6301\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u30d4\u30fc\u30af\u306b\u5411\u304b\u3046\u306b\u3064\u308c\u3066\u3001\u30d4\u30fc\u30af\u65e5\u306b\u306f\u5236\u7d04\u304c\u751f\u3058\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u3088\u308a\u5b89\u3044\u904b\u8cc3\u3092\u304a\u63a2\u3057\u306a\u3089\u3001\u3069\u306e\u65e5\u306b\u98db\u3076\u304b\u3001\u81e8\u6a5f\u5fdc\u5909\u306b\u5bfe\u5fdc\u3057\u306a\u3051\u308c\u3070\u306a\u308a\u307e\u305b\u3093\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u4eca\u65e5\u30012019\u5e74\u306e\u6642\u70b9\u3068\u6bd4\u8f03\u3057\u3066\u30ed\u30fc\u30c9\u30d5\u30a1\u30af\u30bf\u30fc\u306b\u4f59\u88d5\u3092\u6301\u3063\u3066\u3044\u307e\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u65c5\u884c\u8005\u306e\u65b9\u3078\u306e\u30a2\u30c9\u30d0\u30a4\u30b9\u3068\u3057\u3066\u306f\u3001\u904b\u8cc3\u3092\u6700\u3082\u91cd\u8996\u3055\u308c\u308b\u306e\u3067\u3042\u308c\u3070\u3001\u65e9\u3081\u306b\u4e88\u7d04\u3057\u3066\u3001\u67d4\u8edf\u306b\u5bfe\u5fdc\u3055\u308c\u308b\u3053\u3068\u3092\u304a\u52e7\u3081\u3057\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u79c1\u305f\u3061\u306f\u3001\u305d\u308c\u304c\u552f\u4e00\u306e\u5c5e\u6027\u3067\u306f\u306a\u3044\u3053\u3068\u3092\u307e\u3059\u307e\u3059\u7406\u89e3\u3057\u3066\u3044\u307e\u3059\u3002\u30b5\u30fc\u30d3\u30b9\u306e\u8cea\u3001\u305d\u3057\u3066\u30b5\u30fc\u30d3\u30b9\u306e\u30ec\u30d9\u30eb\u304c\u307e\u3059\u307e\u3059\u91cd\u8981\u8996\u3055\u308c\u3066\u304d\u3066\u3044\u308b\u306e\u3067\u3059\u3002<\/p>\n

\u3054\u8cea\u554f\u306e\u7b54\u3048\u306b\u306a\u308c\u3070\u5e78\u3044\u3067\u3059\u3002<\/p>\n

\u30a8\u30c9\u30fb\u30d0\u30b9\u30c6\u30a3\u30a2\u30f3 — \u6700\u9ad8\u7d4c\u55b6\u8cac\u4efb\u8005<\/p>\n

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\u73fe\u5728\u3067\u306f\u3001\u96fb\u8a71\u3092\u304b\u3051\u3066\u304f\u308b\u7406\u7531\u306e60%\u4ee5\u4e0a\u3092\u30c7\u30b8\u30bf\u30eb\u3067\u51e6\u7406\u3067\u304d\u308b\u3088\u3046\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u305d\u3057\u3066\u3001\u30bb\u30eb\u30d5\u30b5\u30fc\u30d3\u30b9\u306e\u666e\u53ca\u306f\u62e1\u5927\u3057\u7d9a\u3051\u3001\u305d\u306e\u6570\u306f\u5927\u5e45\u306b\u5897\u52a0\u3057\u3066\u3044\u307e\u3059\u3002\u3082\u3061\u308d\u3093\u3001\u9700\u8981\u304c\u6025\u5897\u3059\u308c\u3070\u3059\u308b\u307b\u3069\u3001\u96fb\u8a71\u3078\u306e\u30d7\u30ec\u30c3\u30b7\u30e3\u30fc\u3082\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002\u56fd\u969b\u7684\u306a\u4e8b\u696d\u5c55\u958b\u304c\u9032\u3081\u3070\u9032\u3080\u307b\u3069\u3001\u96fb\u8a71\u3078\u306e\u8ca0\u62c5\u306f\u5927\u304d\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n

\u3057\u304b\u3057\u3001\u30d0\u30e9\u30f3\u30b9\u3088\u304f\u3001\u5f53\u793e\u306e\u96fb\u8a71\u306f\u304a\u304a\u3080\u306d\u5747\u7b49\u3067\u3001\u30b5\u30fc\u30d3\u30b9\u30ec\u30d9\u30eb\u3084\u30c0\u30a4\u30e4\u30eb\u30a4\u30f3\u306e\u30ab\u30c6\u30b4\u30ea\u30fc\u306b\u57fa\u3065\u3044\u3066\u5272\u308a\u5f53\u3066\u3089\u308c\u3001\u6700\u3082\u65e9\u304f\u5bfe\u5fdc\u3055\u308c\u307e\u3059\u3002\u3057\u304b\u3057\u3001\u5e73\u5747\u3059\u308b\u3068\u3001\u96fb\u8a71\u3067\u306e\u5f85\u3061\u6642\u9593\u306f30\u5206\u672a\u6e80\u3067\u3059\u3002<\/p>\n

\u30b0\u30ec\u30f3\u30fb\u30cf\u30a6\u30a8\u30f3\u30b7\u30e5\u30bf\u30a4\u30f3 — \u30d7\u30ec\u30b8\u30c7\u30f3\u30c8<\/p>\n

\u30c7\u30b8\u30bf\u30eb\u3067\u5b9f\u969b\u306b\u5b8c\u4e86\u3067\u304d\u308b\u53d6\u5f15\u306e\u6570\u306f\u300180\uff05\u53f0\u5f8c\u534a\u3067\u3059\u3002\u666e\u53ca\u7387\u306f60\uff05\u53f0\u524d\u534a\u3067\u3059\u3002\u3067\u3059\u304b\u3089\u3001\u5f15\u304d\u7d9a\u304d\u4eba\u3005\u3092\u5f8c\u62bc\u3057\u3057\u3066\u3044\u304d\u307e\u3059\u3002\u6d88\u8cbb\u8005\u306b\u76f4\u63a5\u96fb\u8a71\u3092\u304b\u3051\u308b\u3053\u3068\u304c\u3067\u304d\u308b\u306e\u3067\u3059\u304b\u3089\u3001\u96fb\u8a71\u3092\u3057\u3066\u5f85\u3064\u3088\u308a\u3082\u3001\u307e\u305a\u30c7\u30b8\u30bf\u30eb\u3067\u7b54\u3048\u3092\u6c42\u3081\u308b\u3088\u3046\u3001\u5f15\u304d\u7d9a\u304d\u50cd\u304d\u304b\u3051\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n

 <\/p>\n

\u4ee5\u4e0a\u3067\u3059\u3002\u4ed6\u306e\u7ffb\u8a33\u5e0c\u671b\u304c\u3042\u308c\u3070\u3054\u9023\u7d61\u3044\u305f\u3060\u3051\u308c\u3070\u691c\u8a0e\u3044\u305f\u3057\u307e\u3059\u3002<\/p>\n

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\u30d6\u30ed\u30b0\u904b\u55b6\u306e\u52b1\u307f\u306b\u306a\u308a\u307e\u3059\u306e\u3067\u3001\u304a\u624b\u6570\u3067\u3059\u304c\u3001\u5fdc\u63f4\u306e\uff11\u65e5\uff11\u30af\u30ea\u30c3\u30af\u3092\u3088\u308d\u3057\u304f\u304a\u9858\u3044\u81f4\u3057\u307e\u3059\u3002<\/p>\n

\u2193\u2193\uff1c\u5fdc\u63f4\u30af\u30ea\u30c3\u30af\u304a\u9858\u3044\u3057\u307e\u3059\uff1e<\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n

\"\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a>
\n\u306b\u307b\u3093\u30d6\u30ed\u30b0\u6751<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u30c7\u30eb\u30bf\u822a\u7a7a (NYSE:DAL)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a\u306e\u65e5\u672c\u8a9e\u8a33\u3067\u3059\u3002 \u4eca\u56de\u306e\u6c7a\u7b97\u306f\u30b3\u30b9\u30c8\u5897\u3082\u3042\u308b\u4e2d\u3067\u58f2\u308a\u4e0a\u3052\u30fbEPS\u5171\u306b\u30af\u30ea\u30a2\u3057\u3066\u304a\u308a\u826f\u304b\u3063\u305f\u3067\u3059\u3002 \u822a\u7a7a\u682a\u304c\u826f\u3044\u306e\u3067\u65c5\u884c\u95a2\u9023\u3082\u671f\u5f85\u3067\u304d\u307e\u3059\u306d\u3002 \u524d\u56de\u306e2021\u5e74 … <\/p>\n","protected":false},"author":1,"featured_media":422,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[72],"tags":[188,76,189,328,105,83,592],"class_list":["post-1338","post","type-post","status-publish","format-standard","has-post-thumbnail","category-72","tag-dal","tag-76","tag-189","tag-328","tag-105","tag-83","tag-592"],"yoast_head":"\n\u3010\u7ffb\u8a33\u3011\u30c7\u30eb\u30bf\u822a\u7a7a (NYSE:DAL)2022\u5e74\u7b2c1\u56db\u534a\u671f\u6c7a\u7b97\u8aac\u660e\u4f1a – \u682a\u5f0f\u6295\u8cc7\u30921up\u3059\u308b\u30d6\u30ed\u30b0<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/1up-life.blog\/?p=1338\" \/>\n<meta property=\"og:locale\" content=\"ja_JP\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" 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