The skies continue to be friendly for airline stocks.

Motley full analyst Tim Byers.

Tim, thanks for joining me.

Thanks, Dylan.

Fully caffeinated, ready to go.

Love it, because we've got a lot to hit today.

We're going to be checking in on travel trends and

Europe's largest company and why don't we start there? Europe's largest company.

We have some fresh results from Dutch firm ASML. They are Tim essentially the

global supplier of the machines that the chip makers need to print designs onto chips and it is very well documented that the chip business is doing very well right now, but upstream on the machine supplier side,

it seems like results are a little bit lumpier.

They are lumpier and there's an open question about this, you know, with overall revenue down 22% year over year for these, you know, ultraviolet, you know, equipment, ultraviolet lithography, which is what extreme ultraviolet lithography, to be specific.

This is an EUV device.

They do lots of different things that are involved in the very basics and the very beginnings of

chipmaking literally etching the circuits onto silicon. That's what an

EUV machine will do at the microscopic level here.

So these are very expensive machines.

They only sell either the dozens or hundreds of them

in a particular quarter.

This particular quarter, I believe they sold 66, which is down from a little

over 110, you know, a year ago.

So yeah, not as much demand at the moment here

...