Originally Posted by FriendlyPilot

Here are the numbers. The $4.8B of operating cash flow has to be a record for a Q1. Same with $2.9B free cash flow.

Q1 pre-tax profit of $900M (Delta $532M)
Generated $4.8 billion of operating cash flow. (Delta $2.4B)
Generated $2.9 billion of free cash flow. (Delta $1.2B)
Fuel costs were $340M hit to earnings vs last year
Capacity up 3.4% compared to first-quarter 2025.
Total operating revenue of $14.6 billion, up 10.6% compared to first-quarter 2025.
TRASM up 6.9% compared to first-quarter 2025.
CASM up 4.4%, and CASM-ex up 5.9%, compared to first-quarter 2025.
Pre-tax earnings of $0.9 billion, with a pre-tax margin of 6.0%; adjusted pre-tax earnings of $0.5 billion, with an adjusted pre-tax margin of 3.4%.
Generated $4.8 billion of operating cash flow.
Generated $2.9 billion of free cash flow.
Ending available liquidity of $17.2 billion.

Will finish 2026 with 1,180 aircraft, more than 100 from the beginning of the year. 96 777s and 101 787s.