Looks like mixed news. Debt down to 16 billion which is good. Domestic ops strong and will see a capacity increase. Pacific in the toilet and will see a 7% reduction. Latin America showing recovery and 3% growth. Europe under pressure but summer travel season should be strong and capacity will be neutral.
RASM still falling but trend is better. Will fix in 2nd quarter. (That makes about 10 straight quarters that it will be fixed next quarter)
Overall hoped for 17 to 19% margins but looking at 15% verses 16.5 last year.
I would say 15% if we achieve it is a solid performance given the world situation. PS will be lower however.