Achieved a record adjusted EBITDAR margin of 31% and the second-highest operating margin in company history, driven by a significant demand recovery in the second half of 2025. Successfully navigated regulatory constraints on U.S. operations through network discipline and revenue management, maintaining industry-leading reliability as the world's most on-time airline. Strategic shift toward premium segments resulted in premium revenue reaching 42% of total revenue, a 17-point increase over pre-pandemi ...