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New words:
absence, advisory, alter, assumption, beneficial, burden, certified, conform, consummate, consummated, consummation, contemplating, desirable, desire, diversion, documentary, DOJ, East, elevated, encountered, forgone, framework, heightened, holder, jeopardized, Jersey, junior, Justice, Marlin, merger, Middle, NOL, pendency, permissible, prove, pursuit, remotely, restraining, satisfaction, settlement, SOFR, sought, subsection, surviving, waiting, widening
Removed:
Altea, assistance, Audit, build, Cabin, cardholder, Challenger, circumvention, Committee, comprised, Daniel, deficiency, developing, dispute, executing, expired, extinguish, facilitate, final, freight, headwind, Ineffective, Inouye, invoking, Likewise, magnitude, Main, misstatement, Payroll, prevented, raw, receiving, recovered, remediated, renewed, restate, restatement, runway, settled, spend, target, validity, yielding
Financial report summary
?Risks
- We are dependent on satisfactory labor relations.
Management Discussion
- •Passenger revenue in the first quarter was $583.4 million, up 6.4% as compared to the same period in 2023. During the three months ended March 31, 2024, capacity (as measured in Available Seat Miles or ASMs) was up 2.7%, while RPM increased 5.9%, as compared to the same period in 2023, driven by improving demand across our network.
- •Operating loss in the first quarter was $148.6 million, as compared to an operating loss of $117.4 million during the same period in 2023.
- •GAAP net loss in the first quarter was $137.6 million, or $2.65 per diluted share on total revenue of $645.6 million, compared to a net loss of $98.3 million, or $1.91 per diluted share, on total revenue of $612.6 million during the same period in 2023.