Q4 2023 Earnings Call (Held in Feb 2024): "Turning to the final slide. With full-year benefit of our network cost and revenue initiatives, we expect 2025 to be between 10% and 14% pretax margins. This includes the expectations of new labor agreements with pilots and flight attendants as both recently became amendable."

Source Transcript: https://www.investing.com/news/stock...s-93CH-3294716