Brandon Oglenski: Thank you for that, Ed. And then, Dan, the maintenance issues have been present now for probably over a year, if not longer, I guess, what are you doing longer term planning to maybe mitigate that? And is there any favorable offset longer term here in your MRO business? Thank you.
Dan Janki: The – one is, we continue as we get into a period here where we’re more normalized in growth. It’s allowing us to extend our planning horizon, where we’re able to look out on a rolling not only 12, but 18, 24, 36 months. And I think the more visibility and stability that we get from that allows us to better plan as it relates back into how we run our fleet and how we balance that capacity with cost. And I think that will continue to give us more certainty around that. The other piece is just the heavy lift that our entire tech ops team has in working closely with the supply chain, and with all our partners across that getting clarity in regards to the things that they need to do and we can do on their behalf as it relates to Delta, in regards to continuing to improve the execution of that over time.
And we’ve got to work closely with those partners to continue to improve that. And then to the last piece on MRO, yes, there will be an opportunity to continue to grow. I think as we’ve talked about before, we’re well positioned on all these platforms. The focus has been, and we’ll be right here making sure that we’ve got strong foundation on Delta and Delta’s fleet. But we also do have an eye to continue to grow the MRO business, and you’ll start to see that. Start this year but really in earnest in the years two and three years out.
Brandon Oglenski: Thank you.
Operator: Thank you. Your next question is coming from Andrew Didora from Bank of America. Your line is live.
Andrew Didora: Hi. Good morning, everyone. So, question for Glen. I think you started ramping up your core hub growth in the middle of 2023. Is there any way you can quantify what the benefits of this build out were to your revenue performance over the back half? And what share of your capacity growth this year will be growth in these hubs?
Glen Hauenstein: Yeah. I think we just alluded to a majority of our growth will be in our core hubs or to partner hubs. So probably 75% to 80% of our growth will be in those locations. We feel that we accelerated the coastal gateway growth earlier in the process with our once-in-a-lifetime opportunities to become the leading carriers in markets like Los Angeles and Boston. And those are paying huge dividends for us as we head into 2024, with Boston, for example, leading the unit revenue ascension for this quarter. So we’re really, really pleased with the way it shaked out. And we still have some more rebuild to do in our core hubs. It’ll probably take us through this year and into next year given the lower growth rates that we have, but that’s what we’re working on for the next 18 to 24 months.
Andrew Didora: Got it. That’s helpful. And then just Dan, in the $3 billion to $4 billion of free cash flow, are you assuming any sort of cash taxes this year or when do you expect to become a cash taxpayer? I thought it was a number of years out, but just curious if there’s any update there? Thank you.
Dan Janki: No. We don’t expect cash taxes this year and would expect that potentially cash tax payments starting in 2025 and beyond.
Andrew Didora: Thank you.
Julie Stewart: Matthew, we’ll now go to our final analyst question before then going over to the media.
Operator: Certainly. Your next question is coming from Savi Syth from Raymond James. Your line is live.
Savi Syth: Hey, good morning, everyone. Maybe a quick one for me; just, you talked about pilot hiring being down 50% year-over-year, and you’ve heard similar comments from the industry. Just curious what that means for your kind of regional operation? And if there was much of a drag in 2023, either to cost or to revenue from that operation and what you can expect this year and next year?
Ed Bastian: So thanks for that question, and I think that plays well into some of the other themes that we’ve talked about. Or what are the potential upsides to our plan that could get you towards the $7. We have planned for stability in the regionals after 2.5 years of really instability, where we didn’t know how many hours we had really three to four months ahead of time. And what we’ve seen is that there is a lot more stability. What we haven’t accounted for is the full utilization of our fleet. So we still have 50 to 100 airplanes and less of utilization than we have on the ground in our fleet. So should that lower hiring at the main line translate into more availability in the back half of the year? That would be potential upside to our P&L.
Savi Syth: Perfect. All right. Thank you.
Julie Stewart: All right. That will wrap up the analyst portion of the call. I’ll now turn it over to Tim Mapes to start the media questions.
Tim Mapes: Thank you, Julie. Matthew, if we could reiterate for the members of the media the instructions with regard to accessing the call and follow ups, please.
Operator: [Operator Instructions] Your first question is coming from Ted Reed from Forbes. Your line is live.
Ted Reed: Hi. Thanks for taking the question. It’s for Glen. I just wondered if the Delta passenger in 2024 looks different than the passenger in 2023. And I’m also asking whether the age of revenge travel is over and are we past revenge travel? Thank you.
