Reports Q1 revenue $1.05B, consensus $1.03B. Q1 ASMs grew by 14.0% year over year, and passenger traffic in RPMs increased by 15.0%. As a result, load factor increased by 0.8 percentage points to 87.2%. RASM of 11.8c, an increase of 2.7% compared to 1Q25. Operating CASM increased 1.6% year over year to 8.9c, while CASM excluding fuel decreased 1.0% to 5.8c.
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