Route Network Route Portfolio New Route Demand Market Health Customer Value Customer Journey Data Ingestion

DEMAND MODEL

Ross APT — Fourier seasonal + macro factors. Test R2: 0.72 | MAE: 3.2%

VIEW

PREDICT FOR MONTH

MACRO FACTORS

Adjust to simulate scenarios

PREDICTION — --

--
--
monthly passengers

vs prior month:--
seasonal component:--
macro adjustment:--

90-DAY OUTLOOK — --

--
vs seasonal baseline

Fed Funds now:--
3mo direction:--
6mo direction:--
12mo direction:--
Fed Funds = 65.5% of 90-day signal.

12-MONTH LEADING INDICATORS

--
discretionary outlook (mid-2027)

CC Delinquency:--
vs baseline:--
Trend:--
Claims (6mo):--
10Y Treasury:--

Floor:20M/mo (immune)
Disc. impact:--
CC delinquency r=-0.64, 12mo lead, FEVD 61%.

ROLLING 12-MONTH VALIDATION

MonthWTIGas10yrUnempFedFundsPredictedActualErrorError%

PREDICTION ERROR

Alaska Airlines Caveat: Higher inelastic base from essential Alaska state service. Pacific-heavy route mix. Alaska/Hawaii tourism peaks differ from US average. | Industry Term: TSA "throughput" = system-wide enplanements proxy. | Model: Ridge regression, Fourier harmonics + holiday proximity + macro factors. COVID excluded from training.
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