{
  "report_rows": [
    {
      "kpi": "2Q26 adjusted EPS",
      "prediction": "BEAT",
      "answer": "pred ~$1.99 vs. cons $1.85",
      "confidence": "HIGH"
    },
    {
      "kpi": "2Q26 total operating revenue",
      "prediction": "IN-LINE",
      "answer": "pred ~$17.67B vs. cons $17.58B",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "2Q26 TRASM growth",
      "prediction": "BEAT",
      "answer": "pred ~12.1% vs. cons 10.9%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "3Q26 adjusted EPS",
      "prediction": "LOWER",
      "answer": "guide ~$3.00 vs. cons $3.62 (3Q26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "FY26 adjusted EPS",
      "prediction": "LOWER",
      "answer": "guide ~$10.00 vs. cons $10.50 (FY26)",
      "confidence": "HIGH"
    },
    {
      "kpi": "3Q26 TRASM growth",
      "prediction": "BETTER",
      "answer": "guide ~12.2% vs. cons 9.5% (3Q26)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": -2.8,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -4.5,
  "day5_path": "FOLLOW-THROUGH",
  "day5_rationale": "FOLLOW-THROUGH: 3Q EPS guide ~$3.00 vs. cons $3.62 and FY26 midpoint ~$10.00 vs. cons $10.50 imply estimate cuts despite the 2Q EPS beat.",
  "day5_confidence": "MEDIUM"
}