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  "documentTitle": "2025 Q4 Results Presentation",
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  "notes": "Waterfall chart shows the bridge from Q4 2024 to Q4 2025 operating result.",
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      "text": "Operating margin 4.8% -0.2pt YoY",
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      "text": "Revenues €8.2bn +3.9% YoY",
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      "text": "1) Unit revenue at constant currency 2) Unit cost at constant fuel price, constant currency and excluding ETS 3) Including ETS cost 4) Significantly impacted by unrealized foreign exchange results previous year",
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      "text": "Unit revenue -0.5% YoY, Unit cost -1.1% YoY",
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      "kind": "title",
      "text": "DESPITE FRONT LOADING CARGO LAST YEAR, OPERATING RESULT BROADLY STABLE WITH UNIT COST DECREASE",
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