The impressive Q1’22 sales performance of the company’s corporate customers (2.3x YoY) and aviation (2.7x YoY) segments provides further backing to our 2022 call. The result also underlines an increasing focus on margin accretive products and the targeting of relatively wholesale customers. This strategy is likely to support revenue growth for the rest of 2022, particularly because price negotiations are easier in these select segments than in the retail market, which is often blighted by public backlash against attempts to raise prices.