Strategic Adjustments Amidst Market Challenges

Revenue: $5.2 billion, essentially the same as last year.

Operating Loss: $108 million.

Adjusted EBITDA: $387 million, better than market expectations.

Free Cash Flow: $831 million generated in the quarter.

Advanced Ticket Sales: Increased by $1 billion from the end of 2024.

Passenger Revenues: $4.3 billion, a decrease of 3% year-over-year.

Cargo Revenues: Increased 16% to $250 million from the previous year.

Operating Expenses: Increased to $5.3 billion.

Adjusted CASM: $0.153, up 3.5% from the previous year.

Net Leverage Ratio: 1.3%, down from 1.4% at the end of Q4 2024.

Available Liquidity: $9.5 billion at the end of the first quarter.

Share Buyback: Purchased and canceled over 15 million shares for $350 million.