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  "documentTitle": "Southwest Airlines (LUV)",
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  "presentationDate": "2024-06-10 00:00:00",
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  "notes": "The slide uses a bar chart for peer comparison and a waterfall-style bar chart to show the long-term decline in relative unit revenue.",
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      "kind": "callout",
      "text": "Dated commercial strategy has created a unit revenue headwind for over a decade",
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      "text": "Unit Revenue Growth vs. Peer Domestic Average",
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      "text": "Source: Company filings, peer company filings. (1) Delta figures reflect adjusted RASM.",
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      "text": "Southwest’s dated commercial strategy has resulted in the worst unit revenue performance among its peers since 2018",
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      "text": "Substantial Revenue Underperformance",
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