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Revenue: $5.2 billion, essentially the same as last year.
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Operating Loss: $108 million.
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Adjusted EBITDA: $387 million, better than market expectations.
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Free Cash Flow: $831 million generated in the quarter.
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Advanced Ticket Sales: Increased by $1 billion from the end of 2024.
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Passenger Revenues: $4.3 billion, a decrease of 3% year-over-year.
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Cargo Revenues: Increased 16% to $250 million from the previous year.
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Operating Expenses: Increased to $5.3 billion.
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Adjusted CASM: $0.153, up 3.5% from the previous year.
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Net Leverage Ratio: 1.3%, down from 1.4% at the end of Q4 2024.
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Available Liquidity: $9.5 billion at the end of the first quarter.
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Share Buyback: Purchased and canceled over 15 million shares for $350 million.
Approach Tours Takes Its All-Inclusive Model to the Water with New Cruise Portfolio
Leading senior Canadian travel operator Approach Tours has unveiled its new cruise portfolio, marking its expansion into ocean expedition and...
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