$227 million net income and $0.45 EPS, in line with guidance

Operating margin of 4.6%, an improvement of 8.1 points year-over-year

Generated $1.4 billion in operating cash flow in the quarter

Record first‑quarter passenger, operating, and unit revenues

Managed business revenue performance a March and quarterly record

Good margins despite $164 million in added fuel costs. Would have been 0.67 eps/$394 million without the fuel hit… in line with DAL and UAL. Looks like this would have been a bang out quarter and year at the top of the industry if the fuel costs weren’t so elevated. The company is slowly but successfully transforming from a cost control airline to a revenue management airline. Excited to be heading back to historical performance and to see what product enhancements are coming down the pipeline. We can still be a competitive top
player despite the naysayers.