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Generated GAAP operating cash flow of$3.8 billionand the airline’s highest full-year free cash flow2of$1.8 billion. Reduced total debt3by$3.2 billionin 2023. The company is more than 75% of the way to its 2025 total debt reduction goal. ...
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Higher interest rates have led to a recalibration of the role of fixed income in asset allocation. What was once viewed primarily as a low-risk diversifier has become an increasingly attractive source of income, now that risk-free yields sit at roughly 5 p...