EFTA01461871.pdf

Deutsche Bank Securities Inc (Figure 2: Airline Stock Price Drivers 9741 Cab 11447 CF per 19.8 EINTON1 8444 Value Mee 29141 WI 111841969 pu Own Crow» 11940111 Gowns sin Growth per awe CS21111 Dichan» IMO 06 2013 9644 »151 20141 20151 2013 2064 2015( 20144 36158 »X XI« 20151 20145 20118 2013 20148 20151 20145 20151 373VXM3 3 Lflextraames Nape Netererke A04a 596.36 WISE we 'CO 55» 1610 11.00 13% IS% 5020 510.20 511.30 11% 11% 51,236 11.Y1 $1.437 7% 0% 16,156 XXI $1574 0% 6% 13048 8 Aswan 4301 OTC Off -- 373 500 SY) 34% 10% 560 670 725 28% II% 4.401 $.3)5 1715 41% 6% 31742 42640 45366 00% 6% I45 DNB 3436 eli5E NA 030 314 303 355 -3% 17% 610 $as 7.3 34% 13% 4334 7.810 8.816 21% 10% 37,773 40 380 41070 7% 7% 133 lire Van 1403 OTC Dee -• 087 136 1.50 56% 11% 245 315 130 X% 5% 360 N7 471 25% 8% 2.158 2304 2499 7% 7% 731 1.6874 anneal 4141 HIVE ON — 2111 3» 100 27% 39% 710 166 931 10% 30% 1674 0442 6765 6% 10% 30279 »316 40611 2% 4% 690 I Toid/7144446 25% 18% 21% 11% 511274 123.101 121003 31% 64 1110306 XXII» 5137.113 111% 6% I ate Lot Cosr Carriers mega% $11133 OTC (16 — 142 615 3700 21% 14% $1145 31021 51145 21% 14% $244 $8/9 NY 27% 13% 1446 t1134 $1377 14% 13% 31015 Maus 10.03 OTC Owe -• 052 cno 010 35% 29% 136 165 1.00 22% 16% 1.012 1.200 1358 19% 13% 5,441 5 946 442 10% 6% 733 54Jhreal 3610 NNE Om 022 1.12 136 IA» 20% 23% 236 2(6 296 13% 11% 1247 1572 3166 10% 12% 177C0 14130 16876 2% 4% IC» »et WM WISE Dee — 243 220 3.9) 15% 25% 286 3.50 443 23% 33% 513 634 960 I.% 23% tau 1902 2520 19% 26% 11.13 IToidawrre• 24% 22% 20% 16% 56.6111 91715 91467 13% 54% 521702 131213 12466 9% 1% I ~tonal Niihau RØ MP OTC Dv — 962 311 11.30 42% 0% 1406 14» 1.75 7% 9% XV $598 »V -13% 1011 51.986 51.41$ $1150 -29% 10% 111 37 SVNesi till OTC Ore 016 112 056 1.10 -51% IN 855 550 6.90 .15% X% 157 743 872 -2% 17% 366 1 441 1610 AY 5% 2756 ITeutrAveraes 4% 0% 4% 11% $1,371 41211 11.442 4% 14% 65210 1.161 11140 V% VI I Ihewp16911•41« Aerareaco P552I.90 BOL» Cat -• 911 51 Ps51.70 P$5243 12% 44% 94310 954.00 Ft$545 25% 21% 1467.394 1416.717 R49.964 16% 14% 49534860 9644244 F4549.7123 11% 12% 951120 44964 51633 NYSE Ow 015 3205 5100 12.25 -51% NI 1355 3300 $500 45% 67% $638 5621 51.147 4% 40% $4810 $4415 1;541 6% 13% 1852 066 11336 elfSE 06 314 1054 11 66 139) II% 16% 1293 1436 1603 11% 16% 702 0513 1050 13% 22% 2.621 2901 1303 11% 17% 4532 001 559 NYE ON 001 II 23i 0176 035 184 NA 0) 305 103 135 NI 36% 536 436 979 IM 10% 4,161 1028 •376 -3% 0% OM LATAll 1166 WISE Dot 013 e09» 003 1.0) 144 54% 150 280 350 NA »% 1376 2616 2066 47% 15% 13266 11719 14 560 3% 6% IQ» Velwle 8.1 1455 Ot — 035 000 046 11.1 NI 0(13 025 095 -52% III MI 212 1» -6% 56% 1019 1.054 1.311 4% 24% 261 ITold/464446 V% 38% 40% 33% 4$772 91113 41324 211% 20% al» 136251 131244 1% 19% I Sewn 111vetere NH. Carl:17åY1 a4 Deursche 868 Arn»• R 19460 -v Ct CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0124145 CONFIDENTIAL SDNY_GM_00270329 EFTA01461871