Management attributes Q1 resilience to a 'decommoditized' business model where premium demand and brand loyalty allow for significant price pass-through despite doubling fuel costs. The airline is pivoting from a growth-oriented posture to a tactical recovery phase, prioritizing 100% fuel cost recovery over marginal capacity expansion. Operational outperformance, including leading on-time departures among major peers, is cited as the primary driver for record first-quarter Net Promoter Scores. Strat ...