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  "documentTitle": "2024 Q4 Earnings Presentation",
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      "text": "EBIT: (658)",
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      "text": "EBIT is a non-GAAP financial measure that reflects our net loss prior to interest expense, interest income, capitalized interest, and income tax benefit. We believe EBIT is useful for investors because it is an indicator of the company's operating performance. Management reviews the estimated amount of EBIT attributable to JetForward initiatives within a given period, referred to in this release as \"incremental EBIT,\" to evaluate progress against our financial and operational targets. Incremental EBIT reflects the estimated impact of strategic initiatives on profitability, such as fleet optimization, network changes, and cost reduction programs.\nWhile EBIT provides a useful lens to evaluate the financial impact of strategic initiatives, it should be considered alongside GAAP measures to understand the Company's overall performance.\nThe table below reflects a reconciliation of net loss to EBIT for the period presented.",
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      "text": "NON-GAAP FINANCIAL MEASURE RECONCILIATION OF NET LOSS TO EBIT (unaudited) Twelve Months Ended December 31, 2024 ($ in millions) Net loss (795) Less: Interest expense (365) Interest income 111 Capitalized interest 15 Income tax benefit 102 EBIT (658)",
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      "text": "Earnings Before Interest and Taxes (EBIT)",
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