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  "documentTitle": "Southwest Airlines (LUV)",
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  "notes": "The chart highlights a progression of share price increases from +38% to +87% as EBITDAR margins improve from 15% to 20%.",
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      "text": "Best-in-class margin target is still below levels Southwest historically achieved",
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      "text": "Source: Bloomberg as of 6/7/2024, Company filings, peer company filings, Elliott analysis and estimates. Additional detail on the underlying calculation is provided on page 47.",
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