Exchange losses, lower load, and higher jet fuel prices dragged 1Q24 despite record revenue. However, an 8.3pp YoY margin expansion and a 4% unit cost decline indicated profitability is climbing.
What is covered in the Full Insight:
Steering back to the right lane
1Q24 result comparison
Factors affecting 1Q24 performance
Quarterly margin trend
Consensus forecasts
SUMMARY
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