SAA presented its 2009/10 Annual Report to the Committee. During the period under review, there had been a decline in the number of passengers, as well as a move away from business to economy class seats as a result of the economic downturn. Its Africa routes remained the most profitable market segment. Total income for the year stood at R22.3 billion (down from R26.4 billion in 2008/09) and operating costs were R21 billion (down from R24.5 billion). It had a group pre-tax profit of R596 million, and there were significant improvements in the areas of hedging loss, cash generated from operations and equity. The Airbus 320 agreement had been resolved and it had noted an on-time performance of 85%.