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Analyst
Atul Maheswari
Period: Reporting periods mapped to calendar 2025 Q4 – 2026 Q3 (4 quarters).
- Questions
- 9on tracked calls
- Challenge rate
- 22%2 of 9 questionsLimited sample
- Companies
- 3questioned at least once
- Reporting periods
- 4with questions
These figures cover the whole profile: every tracked question, all reporting periods.
How to read these numbers
Challenge rate is the share of questions that pushed back, pressed for specifics or questioned management’s assumptions. It describes how questions were asked on the calls tracked here; it does not measure whether any view turned out to be right.
Rounding. Rates are rounded to whole percentages, so a small share can show as 0% even when some questions were challenging. The count beside each rate is exact; “none of N questions” means no question was challenging.
No questions recorded. “—” means there is nothing to calculate: no questions were recorded for that period on the calls tracked here. It does not mean there was no activity.
Fewer than 3 questions. A company-level rate is withheld when fewer than 3 questions were recorded for that company; the questions are still counted everywhere else.
Small samples. Profiles with fewer than 10 questions are marked Limited sample.
Reporting periods. Questions are grouped by the calendar quarter each company’s fiscal reporting period maps to, not by the date of the call. Periods without a calendar mapping are listed separately under their fiscal label.
Questions asked
Grouped by company, most questions first. Open a company to read its questions, newest reporting period first.
Showing 9 of 9 questions from 3 companies
DALDelta Air Lines4 questions · 2 reporting periods · 0 of 4 challenging
Calendar 2026 Q3
Do you think this is a net positive or a net negative for airlines?
Show response
Ed said Delta will be cautious about giving AI agents inventory access and is relying on its own Delta Concierge.
if you can provide some color on what you are seeing out there for the early 1Q bookings
Show response
Joe said early first-quarter bookings look similar to the strong fourth quarter.
Calendar 2026 Q1
if the ceasefire goes permanent, oil moves sustainably lower from here and maybe price increases are not fully rolled back, in that scenario, do you think Delta can drive enough back half upside su...
Show response
Ed declined to speculate on full-year outlook scenarios given extreme fuel volatility. Noted fuel will likely settle higher than plan, making recapture important. Retaining pricing strength from industry rationalization would boost margins both this year and into next year.
Are you able to provide more color on the second quarter revenue expectations or RASM expectations by yield and load factors?
Show response
Joe said Q2 will be primarily yield-driven, complemented by some load factor improvement across all cabins. Year-over-year yield recovery benefits from lapping the tariff-impacted period last year plus ongoing fuel recapture. Mexico leisure capacity reduced with demand shifting to Caribbean and Florida.
LUVSouthwest Airlines3 questions · 3 reporting periods · 1 of 3 challenging
Calendar 2026 Q2
Could you talk about Southwest strategy in that key market? Then second 1 on fuel
Show response
Justin cites growing corporate load factors in the market; Tom credits Gulf Coast sourcing and low international exposure for below-peer fuel cost.
Calendar 2026 Q1
it implies that the back half capacity growth, it's going to be closer to 3%. So you're accelerating capacity in the back half at a time when others are cutting
Show response
Bob pushed back: Southwest started with a conservative 2-3% plan and has been trimming, with Q2 now at 0.5%. Others are coming back to Southwest's level, not the reverse. Close-in demand shaping will continue in Q3/Q4. Tom highlighted three structural cost buckets: people efficiency, technology spend normalization, and maintenance/fleet optimization.
Calendar 2025 Q4
is that primarily coming from your existing customers who always wanted to spend more at Southwest but basically could not in the past
Show response
Bob confirmed the $4+ EPS guide is based on initiative performance on the existing customer base with no share shift assumption and no macro snapback assumed. Corporate share growth is upside to pursue over time but not in the current guide.
UALUnited Airlines Holdings2 questions · 1 reporting period · 1 of 2 challenging
Calendar 2025 Q4
how can industry capacity discipline persist as Boeing and Airbus ramp up deliveries from here
Show response
Scott identified engines as the binding constraint, approximately 800 aircraft globally grounded for engines. Engine MRO capacity won't catch up to combined replacement and new delivery needs until next decade.
do you think there can be any meaningful tailwind from the soccer World Cup this year?
Show response
Andrew noted World Cup creates countercyclical inbound demand in June (normally outbound peak). Positive but not material given United's scale. Unlike other events, doesn't displace business travel.
Challenge rate by company
Every company this analyst questioned, most questions first. A company-level rate is shown from 3 questions; below that it is withheld.
| Company | Questions | Challenge rate |
|---|---|---|
| DAL Delta Air Lines | 4 | 0%none of 4 questions |
| LUV Southwest Airlines | 3 | 33%1 of 3 questions |
| UAL United Airlines Holdings | 2 | —Rate withheld: fewer than 3 questions |
Activity by reporting period
Questions recorded for each calendar quarter that companies’ reporting periods map to (not the call date), with the challenge rate for that period. Periods inside the range with no questions are shown as “No questions recorded”.
| Calendar period | Questions | Challenge rate | Companies |
|---|---|---|---|
| 2025 Q4 | 3 | 33%1 of 3 questions | 2 |
| 2026 Q1 | 3 | 33%1 of 3 questions | 2 |
| 2026 Q2 | 1 | 0%none of 1 question | 1 |
| 2026 Q3 | 2 | 0%none of 2 questions | 1 |
- 2025 Q43 questions · challenge rate 33% (1 of 3 questions) · 2 companies
- 2026 Q13 questions · challenge rate 33% (1 of 3 questions) · 2 companies
- 2026 Q21 question · challenge rate 0% (none of 1 question) · 1 company
- 2026 Q32 questions · challenge rate 0% (none of 2 questions) · 1 company
Topics
Topics tagged on this analyst’s questions.
- Competitive Dynamics4
- Demand4
- Cost Pressure3
- Cloud & AI1
- Revenue Growth1
- Guidance Reliability1
- Pricing1
- Macroeconomic1
- Supply Chain1