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      "text": "Number One Financial Priority is Achieving Operating Profitability.",
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      "text": "Guiding to a range of 0.0% – 1.0% adjusted operating margin (1) for 2025, representing a positive improvement year-over-year\nOperating margin headwind from P&W GTF engines expected to increase by 0.5 pts in 2025, estimated to increase to a total of ~3 pts",
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      "text": "4Q ending liquidity of ~$3.9B, excluding undrawn $600M revolving credit facility\n2025 capex forecasted to be ~$1.4B, supporting 24 deliveries\nDeliveries to be funded with cash, which will increase current unencumbered asset base of ~$5B\nExpect to end 2025 with a healthy liquidity buffer given 2024 strategic capital raise",
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