{
  "report_rows": [
    {
      "kpi": "Adjusted EPS (Q2 2026)",
      "prediction": "BEAT",
      "answer": "pred ~$0.55 vs. cons $0.52",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "RASM growth (Q2 2026 YoY)",
      "prediction": "BEAT",
      "answer": "pred ~18.4% vs. cons 18.0%",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "CASM-X growth (Q2 2026 YoY)",
      "prediction": "BEAT",
      "answer": "pred ~3.60% vs. cons 3.75%",
      "confidence": "MEDIUM"
    }
  ],
  "guide_rows": [
    {
      "kpi": "Adjusted EPS",
      "prediction": "BETTER",
      "answer": "guide ~$0.85 vs. cons $0.77 (Q3 2026)",
      "confidence": "MEDIUM"
    },
    {
      "kpi": "RASM growth",
      "prediction": "LOWER",
      "answer": "guide ~10.5% vs. cons 12.0% (Q3 2026 YoY)",
      "confidence": "LOW"
    },
    {
      "kpi": "CASM-X growth",
      "prediction": "LOWER",
      "answer": "guide ~2.6% vs. cons 2.0% (Q3 2026 YoY)",
      "confidence": "LOW"
    },
    {
      "kpi": "Adjusted EPS",
      "prediction": "UNCHANGED",
      "answer": "guide ~$3.25 vs. cons $3.23 (FY2026)",
      "confidence": "MEDIUM"
    }
  ],
  "day1_residual_pct": 1.5,
  "day1_confidence": "MEDIUM",
  "day5_residual_pct": -0.8,
  "day5_path": "FADE",
  "day5_rationale": "Q2 beats and Q3 EPS guide of ~$0.85 vs. $0.77 consensus support the initial move, but Q3 RASM of ~10.5% vs. 12.0% and CASM-X of ~2.6% vs. 2.0% weaken out-period margin math; an FY2026 reset to ~$3.25 vs. $3.23 consensus also effectively retires the prior $4.00 objective, limiting estimate revisions and producing a fade.",
  "day5_confidence": "MEDIUM"
}