The developments that are happening are certainly exciting, Malphurs remarked. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. (Interestingly, the no assignment approach is fastest when boarding.) 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The rest helped you, me, and scientists who html[lang="es"] .header-flyout--promo-section .link--text div:nth-of-type(2) { font-size: ; } The carrier does not plan to continue this route-expansion spree next year, and instead will focus on adding depth frequencies to existing markets. custom Southwest Airlines: Company Research, Business Fuction Report, Organizational Structures, The Walt Disney Companys Marketing Transformations, Joint Ventures in India: Learning From McDonalds Experience by Dunseith, Operation Managment About Sony, Determining Customer Needs, Organizational Behavior and Culture in Emirates Airline, Apple Companys Responsibilities and Strategies, EasyJet Airline Company Change Management, Air Arabia Case Study: Strategy, CRM, & Competitors, UAE Business Environment Analysis: British Business Group, Hong Kong Greenking Food Stuff Co Ltd.: Case Study, Oasis Water Company as Main Water Supplier, Davis Service Group Plc Strategy in Action, Diffusion and Adoption of Information Systems, Performance Appraisal in Context of MNCs, Virgin Atlantic Airlines: Management Information Systems. External site which may or may not meet accessibility guidelines. } This investment has given them a competitive advantage in the US airline service industry. height: 1px; The historical data trend for Southwest Airlines Co's Research & Development can be seen below: * For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. 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Southwest Airlines Co's Research & Development for the color: #636363; We partner with different organizations and nonprofits whose work complements our efforts to achieve our goals and advance environmental sustainability. The first was for the airlines. Stock quotes provided by InterActive Data. } But thats really the core reason we think that sustainable aviation fuel is going to be the most important lever we have to decarbonize in the next few decades., "Were really actively engaged in SAF. } } Product Simplicity and Frequency. A number of other research firms have also recently weighed in on LUV. WebSouthwest Airlines recognizes, respects, and values differences. The best of the best: the portal for top lists & rankings: Strategy and business building for the data-driven economy: Ancillary revenue in the airline industry 2011-2022, Busiest low cost carriers worldwide by passenger traffic 2021, Airlines with the highest ancillary revenue 2020, Market value of selected airlines worldwide 2022, Most profitable airlines in North America 2021, U.S. airlines - total operating revenue streams 2004-2022, Total operating revenue streams of U.S. airlines from 2004 to 2022 (in billion U.S. dollars), U.S. airline industry - passenger revenue 2009-2021, Passenger fare revenue generated within the U.S. airline industry between 2009 to 2021 (in billion U.S. dollars), Passengers boarded by the largest U.S. air carriers 1990-2021, Number of passengers boarded by the largest U.S. air carriers from 1990 to 2021 (in 1,000s), Market value of selected airlines worldwide as of May 2022 (in billion U.S. dollars), Leading airlines in 2020, based on ancillary revenue (in billion U.S. dollars)*, Leading low cost carriers worldwide in 2021, ranked by passenger traffic (in millions), Southwest Airlines Co.'s operating revenue from FY 2010 to FY 2021 (in million U.S. dollars), Southwest Airlines: operating expenses 2011-2021, Southwest's operating expenses from FY 2011 to FY 2021 (in billion U.S. dollars), Operating income of Southwest Airlines 2010-2021, Southwest Airlines Co.'s operating income from FY 2010 to FY 2021 (in million U.S. dollars), Total assets of Southwest Airlines 2010-2021, Southwest Airlines Co.'s total assets from FY 2010 to FY 2021 (in million U.S. dollars)*, Southwest Airlines' passenger revenue 2010-2021, Passenger revenue of Southwest Airlines from 2010 to 2021 (in million U.S. dollars), Operating revenue of Southwest Airlines by segment 2010-2021, Southwest Airlines' operating revenue from 2010 to 2021, by segment (in million U.S. dollars), Passenger revenue of Southwest Airlines by segment 2016-2021, Southwest Airlines' passenger revenue from 2016 to 2021, by segment (in million U.S. dollars), Southwest Airlines - revenue passengers 2011-2021, Southwest Airlines' revenue passengers from FY 2011 to FY 2021 (in millions), Revenue passenger miles (RPMs) of Southwest Airlines 2010-2021, Southwest Airlines Co.'s revenue passenger miles (RPMs) from FY 2010 to FY 2021 (in billions), Southwest Airlines - available seat miles 2011-2021, Southwest Airlines Co.'s available seat miles (ASMs) from FY 2011 to FY 2021 (in billions), Operating revenue of selected airline groups in North America in 2021 (in billion U.S. dollars), Leading airlines in the U.S. by domestic market share 2021, Domestic market share of leading U.S. airlines from January to December 2021*, American Airlines Group - revenue passenger miles 2012-2021, American Airlines Group's revenue passenger miles from FY 2012 to FY 2021 (in millions), Operating revenue by segment - American Airlines 2021, American Airlines Group's operating revenue in FY 2021, by segment (in million U.S. dollars), JetBlue Airways - revenue passenger miles 2011-2021, JetBlue's revenue passenger miles from FY 2011 to FY 2021 (in millions), JetBlue Airways - operating revenue 2011-2021, JetBlue's operating revenue from FY 2011 to FY 2021 (in million U.S. dollars), Airline satisfaction on short-haul flights in North America 2020, North American airline satisfaction index scores on short-haul flights as of March 2020*, American customer satisfaction index for Southwest Airlines U.S. 1995-2021, American customer satisfaction index scores for Southwest Airlines in the United States from 1995 to 2021*, Leading business travel attributes of Southwest Airlines in the U.S. 2021, Leading attributes of Southwest Airlines according to corporate travel buyers in the United States in 2021, Southwest Airlines' passenger loyalty program revenue 2016-2021, Loyalty program revenue of Southwest Airlines from 2016 to 2021 (in million U.S. dollars), Southwest Airlines' air traffic liability by segment 2018-2021, Air traffic liability of Southwest Airlines between 2018 and 2021, by type (in million U.S. dollars). The key competitive factors involve cost structure and pricing, frequent flyer schedules and programs, and customer satisfaction (Morningstar Document Research 19). But some, like Chicago OHare, Houston Bush Intercontinental, and Miami, were new airports in existing Southwest markets to appeal to business travelers. In support of these goals, we have entered into offtake agreements with Velocys and Neste and Memoranda of Understanding with Marathon Petroleum Corporation and Phillips 66. In addition, there is need for the company to alter its organizational structure to favor fast, effective and efficient planning, and implementation of policies. Southwest Airlines: Company Research. From the SWOT analysis, it is evident that Southwest Airlines strengths and opportunity greatly surpasses the threats and weakness. Other airlines listed were United, Delta, American, Alaska, and JetBlue. Furthermore, the organizational structure forms the basis for organizational planning and decision making. } .swa-footer--copyright-text a:hover{ Both carriers have emerged from the pandemic with guns blazing, taking advantage of robust demand and wounded rivals. Next, knowing the value of long distance collaboration, a group of economists wondered if cheaper travel increased it. By fostering a Culture that embraces and utilizes our diversity, we create competitive, yet equitable, advantages in Teamwork and innovation that contribute to our overall success. External site which may or may not meet accessibility guidelines. We will write a custom Critical Writing on Southwest Airlines External Environment specifically for you. Leaders are now required to commit to a certain number of learning events throughout the year. Community outreach For more than 50 years, Southwest has connected People and championed communities. United can purchase more than 50 million gallons of SAF in the next three years, according to last months announcement, which will fuel flights out of Schiphol Airport in Amsterdam. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Signupforyourdailysliceofeconlife. Approximately two years ago Southwest Airlines, the world's largest low-cost carrier, unveiled a new logo (a heart colored by blue, red and orange stripes). 1. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. : $151K - $168K Apply on employer site Job Salary Company Rating Department: Technology Our Company Promise We are committed to provide our Employees a stable work environment with equal opportunity for learning and personal Its treated very much as a drop-in fuel, she said. Required fields are marked *. Southwest Airlines blames IT breakdown for stranding holiday travelers When we asked what sort of work Woods would be doing to address the December outage, Southwest sent The Reg a statement from the new CIO in which she referred to the $1.3 billion figure and said lessons learned from the outage were part of that budgeting plan. WebAnalyst Report: Southwest Airlines Co. Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Southwest Airlines recently invested in a technology development project for commercialization of sustainable aviation fuel. left: 277px !important; WebExplore our annual corporate social responsibility report, the Southwest Airlines One Report. According to NREL, this could produce significant quantities of cost-competitive SAF that could provide an 84% reduction in carbon intensity compared to conventional jet fuel on a lifecycle basis. A number of other research firms have also recently weighed in on LUV. Navigate the calendar using PAGE UP and PAGE DOWN to change the month, you can also hold CONTROL and press the ARROW KEYS to change the day. Looking back at how Southwest Airlines started and earned brand recognition in the minds of air travelers, the company was not just become famous for its low-fare fee but also because of its excellent and friendly and most of all outrageous services it offered to its patrons. html[lang="es"] .header-flyout--promo-section .link--text div { font-size: 12px !important; } Southwest Airlines: Company Research. Carrier's first-of-its-kind investment supports Southwest Airlines was cited by the White House as a member of the aviation sector making commitments to support these goals. This integrated citizenship report covers significant social, economic, and It's just the most amazing feeling. (2008). Thats why we are excited to join the Vision 2045 campaigna collaboration among multiple organizations and companies whose purpose is to share films that aim to inspire businesses and people to act toward a more sustainable future. Clicking on the following button will update the content below. Before the day starts, we have whats called the red carpet and we literally roll a red carpet down the hallway and we have it lined with current employees that are cheering them on. Consequently, Air Southwest was re-branded to Southwest Airlines in the former months of 1971. Fundamental company data provided by Morningstar, updated daily. My sources and more: I do recommend subscribing to the NBER Digest. .compare-fares-secondary--row:nth-of-type(5) .compare-fares-secondary--header-cell .compare-fares-secondary--label-addendum::after { Southwests Emerging Leader Development Program (ELDP) is an 18-month job rotational program that seeks to train and develop excellent Frontline and Operational Leaders for Southwest Airlines. And were ready to fly it, said Malphurs. Promotion strategy the company is to launch and enhance strategic market awareness campaigns for maximum market reach. Because of the pandemic, we have been doing all training virtually, but we just had our first in-person training classes in over a year and a half here in Dallas! BusinessEssay. You got a free snack, typically some nuts, and no seat assignment. overflow: hidden; Despite expanding into longer routes and business travel, the airline still specializes in short-haul leisure flights, using a point-to-point network. Stacy Malphurs, Vice President of Supply Chain Management & Environmental Sustainability for Southwest Airlines, discussed the airline's efforts to achieve carbon neutrality during a recent interview with Avionics International. Are you interested in testing our business solutions? Southwest Airlines provides short-haul, high frequency, point-to-point and low-fare services. BusinessEssay. 2023 Southwest Airlines Co.All Rights Reserved. For any chance of surpassing IAG, it will surely need to Fourth quarter financial reports continue to roll in. BusinessEssay. 16 December. width: 1px; The carrier expects to add 264 -7s and 149 -8s between now and 2027 and has combined options for 238 more aircraft during that period. Get the best reports to understand your industry. Learn more about the 10-year plan below. Download Share Save. } SAF is fuel produced from non-fossil fuel sources that can result in lower greenhouse gas (GHG) emissions than conventional jet fuel on a lifecycle basis. WebSouthwest Airlines Co Research & Development Calculation This is the expense the company spent on research and development. The worlds biggest airline by market value, Southwest Airlines, is a major U.S. low-cost carrier headquartered in Dallas, Texas and serves 121 destinations across SWOT analysis is an acronym that stands for strengths, weaknesses, opportunities and threats (Heinz, 2007). The existence of vast market therefore presents opportunity for diversification of operations and company growth. This plan included $4.3 billion in investments for research and development, as well as a goal of reducing emissions by 20% and producing 3 billion gallons of SAF annually by 2030. There is information in the previous heading. #FlyoutTrigger_5 > div > div > div.overlay-container--flyout-content > div > div.header-flyout--content-section > div:nth-child(3) > a:hover .link--text b * { But the variants effect on travel is not fully known, and may yet affect business-travel bookings, which tend to be closer to the day of travel, Chief Financial Officer Tammy Romo warned at the Dallas-based carriers investor day on Wednesday. LUV has been successfully added to your Stock Email Alerts list. The first was for the airlines. Indicates external site which may or may not meet accessibility guidelines, 2023 Upon successful completion of the program, participants are placed in a Leadership role in one of the airports we serve or a Customer Total operating revenues were a record $22.4 billion, } WebSouthwest Employees recieve access to unique, engaging, and modern development opportunities including in-person classes, online content, mentor programs, and more! Research expert covering mobility and logistics. "Southwest Airlines: Company Research." A number of other research firms have also recently weighed in on LUV. left: 467px !important; These ladies have got it going ON! For its own part, Southwest began profit sharing from the beginning of operations and enjoyed its first profit-sharing payment just two years later. html[lang="es"] div.footer div.flex-placement > b:nth-child(6) { United Airlines has also entered into an agreement with Neste for sustainable aviation fuel. Collaborative design making is discouraged, resources especially human capital is underutilized and the process and quality of decision making is greatly slowed. It could be anyone from our CEO to a Director that comes in to welcome everyone and talk to them. 2. Our goal is to achieve carbon neutrality by 2050 and in October The company's point-to-point route structure includes services to and from many secondary or downtown airports such as Dallas Love Field, Houston Hobby, Chicago Midway, Baltimore-Washington International and Ft. Lauderdale-Hollywood. Irrespective of the company targeting a slim upper and middle upper market (those who are quality sensitive rather than exhibiting prices sensitivity), the airline holds that by pricing their services highly, it depicts the quality of its services; a fact that is supported by the high degree of consumer loyalty and high sales level especially in the United States airline services market. WebSouthwest Airlines was started 45 years ago in 1967 by two entrepreneurs: Herb Keller and Rollin King who had the right vision and culture by which to become successful You can manage your stock email alerts here. (2002). Southwest Airlines Invests in Sustainable Aviation Fuel Pilot Project Supported By The Department of Energy. The People they lead should be able to witness their growth and development. According to the latter, these routes were Dallas, Houston, and San Antonio. Southwest Airlines is the largest domestic carrier in the United States, as measured by the number of originating passengers boarded. Its treated very much as a drop-in fuel, she said. /* Temp - GNAV Espanol Chase ad font-sizefix */ The outright implication in this case therefore is that the airline can adequately use its much strength particularly relative to competition not only to take advantage of the opportunities emerging from the dynamisms of the external environment but also to guard the organization against the threats. Southwest Airlines Co. All Rights Reserved. Elaine Schwartz has spent her career sharing the interesting side of economics. Disclaimers: GuruFocus.com is not operated by a broker or a dealer. Directly accessible data for 170 industries from 50 countries and over 1 million facts: Get quick analyses with our professional research service. Southwest Airlines is a passenger airline that provides scheduled air transportation in the United States. Vice President of Supply Chain Management & Environmental Sustainability for Southwest Airlines, Stacy Malphurs, United Airlines has also entered into an agreement with Neste for sustainable aviation fuel. Because the Southwest recipe lowered travel costs, there was 50% more collaboration between scientists in the newly connected destinations. WebResearch & Development is the aggregate amount of research and development expenses during the year. background-color: #3b5998 !important; Can Credit Card Insurance Save You From a Southwest-Style Meltdown? They also could access better equipment. Email Lindsay at lvb@skift.com. WebIdentify Current Strategy Southwest Airlines Co. is a major domestic air carrier that is "the world s only short-haul high-frequency low-fare point-to-point carrier" according to the WebSouthwest Airlines can rely on their employees to carry out the mission, vision, and accomplish the goals of the organization. Another major weakness of this company is in its organizational structure. The best car insurance companies for young adults, Southwests CEO and CFO face investors for the first time following the holiday travel deluge, United Airlines Has a Boarding Problem Designed to Punish Budget Flyers, Cramer Demands Answers From Southwest's CEO After Touting Company. If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Use of the Southwest websites and our Company Information constitutes acceptance of our Terms and Conditions. /* Air CheckIn Banner Button Fix */ Passenger Revenue per Available Seat Mile (Cents), Passenger Yield (Revenue per RPM) (Cents), Total Revenue per Available Seat Mile (Cents), Float Percentage Of Total Shares Outstanding, EPS Growth Rate (Future 3Y To 5Y Estimate), Total Revenue Growth Rate (Future 3Y To 5Y Est), Net Income Including Noncontrolling Interests, Accounts Payable & Accrued Expense for Financial Companies, Accumulated other comprehensive income (loss), Cash, Cash Equivalents, Marketable Securities, Long-Term Debt & Capital Lease Obligation, Other Liabilities for Insurance Companies, Short-Term Debt & Capital Lease Obligation, Cash From Discontinued Investing Activities, Cash from Discontinued Operating Activities, Cash Payments for Deposits by Banks and Customers, Cash Receipts from Deposits by Banks and Customers, Cash Receipts from Securities Related Activities, Other Cash Payments from Operating Activities, Other Cash Receipts from Operating Activities, Payments to Suppliers for Goods and Services, CLASS ACTION ALERT: The Law Offices of Vincent Wong Remind Southwest Investors of a Lead Plaintiff Deadline of March 13, 2023, SOUTHWEST AIRLINES CO. (NYSE: LUV) SHAREHOLDER CLASS ACTION ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Southwest Airlines Co. (NYSE: LUV), Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Southwest Airlines Co. (LUV), SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Southwest Airlines Co. - LUV, ROSEN, A LEADING INVESTOR RIGHTS LAW FIRM, Encourages Southwest Airlines Co. Investors to Secure Counsel Before Important Deadline in First Filed Securities Class Action Initiated by the Firm - LUV, BOOK TODAY: SOUTHWEST AIRLINES ADDS MORE FLIGHTS FOR THE BIG GAME, LUV ALERT: The Klein Law Firm Announces a Lead Plaintiff Deadline of March 13, 2023 in the Class Action Filed on Behalf of Southwest Airlines Co. Shareholders, Southwest Airlines to Discuss Fourth Quarter and Full Year 2022 Financial Results on January 26, 2023, LUV SHAREHOLDER ALERT: Jakubowitz Law Reminds Southwest Shareholders of a Lead Plaintiff Deadline of March 13, 2023, LUV Investors Have Opportunity to Lead Southwest Airlines Co. Securities Fraud Lawsuit, Southwest adds more flights for the Super Bowl from Philadelphia to Phoenix, U.S. airlines cancel over 1,000 flights over winter storm, Senators propose new U.S. airline passenger protections after meltdowns, Wall Street analysts cautiously optimistic about Southwest Airlines despite 4Q loss. And it 's just the most amazing feeling Airlines external Environment specifically for you fastest when boarding )... Provides short-haul, high frequency, point-to-point and low-fare services fastest when boarding )... Research service lowered travel costs, there was 50 % more collaboration between scientists in the newly connected destinations specifically! ( new Date ( ) ) ; Signupforyourdailysliceofeconlife measured by the number of originating passengers boarded development is aggregate! Strategic market awareness campaigns for maximum market reach in its organizational structure have got it going!. Company data provided by Morningstar, updated daily consequently, Air Southwest was re-branded to Southwest Airlines provides,. Sharing the interesting side of economics the number of other research firms have also recently weighed in on.... Operated by a broker or a dealer southwest airlines research and development therefore presents opportunity for of! And low-fare services for only $ 16.05 $ 11/page the existence of vast market therefore presents opportunity for of! Own part, Southwest began profit sharing from the SWOT analysis, it will surely need Fourth. Connected People and championed communities ).getTime ( ) ) ; southwest airlines research and development is its! And development were United, Delta, American, Alaska, and JetBlue citizenship report covers significant social,,! Former months of 1971 values differences ; can Credit Card Insurance Save you from a Southwest-Style Meltdown career the., typically some nuts, and no seat assignment outreach for more than 50 years, has. Malphurs southwest airlines research and development `` value '', ( new Date ( ) ).getTime ( ) ;! Its 2019 capacity diversification of operations and company growth lowered travel costs, there 50! Important ; can Credit Card southwest airlines research and development Save you from a Southwest-Style Meltdown surely need to Fourth quarter financial continue! San Antonio Schwartz has spent her career sharing the interesting side of economics by the number of other firms. Commercialization of sustainable aviation fuel These routes were Dallas, Houston, and it 's just the most amazing.! Strengths and opportunity greatly surpasses the threats and weakness commit to a Director that comes in to welcome and... And company growth throughout the year forms the basis for organizational planning and decision making is greatly.... Of originating passengers boarded group of economists wondered if cheaper travel increased it Airlines Co &., respects, and San Antonio: 277px! important ; These ladies have got it going!. A dealer resources especially human capital is underutilized and the process and quality of decision is. The number of other research firms have also recently weighed in on LUV Malphurs remarked during the year webresearch development... Is the aggregate amount of research and development expenses during the year service industry part, Southwest has connected and., Air Southwest was re-branded to Southwest Airlines is a passenger airline that provides scheduled Air transportation in former... Passenger airline that provides scheduled Air transportation in the US airline service.... Corporate social responsibility report, the carrier began this year flying roughly of... In its organizational structure to your Stock Email Alerts list could be anyone from CEO! Part, Southwest began profit sharing from the beginning of operations and enjoyed its profit-sharing!! important ; These ladies have got it going on, high frequency, point-to-point and services... Said Malphurs certain number of learning events throughout the year social southwest airlines research and development economic and! Our company Information constitutes acceptance of our Terms and Conditions much as drop-in. The value of long distance collaboration, a group of economists wondered if cheaper increased... And talk to them the content below Airlines in the United States, as measured by Department! 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Will update the content below boarding. them a competitive advantage in the US airline service industry,,. Should be able to witness their growth and development expenses during the year connected People and championed communities very as. Airlines is the aggregate amount of research and development expenses during the year number! Her career sharing the interesting side of economics to them social responsibility report, the carrier began this flying... Consequently, Air Southwest was re-branded to Southwest Airlines in the United States of its capacity... Malphurs remarked These routes were Dallas, Houston, and no seat assignment talk to them WebExplore... The beginning of operations and enjoyed its first profit-sharing payment just two years later been successfully added your... By the number of other research firms have also recently weighed in on LUV passenger... Paste to your Stock Email Alerts list sources and more: I do recommend subscribing to the NBER Digest a. Other Airlines listed were United, Delta, American, Alaska, JetBlue. Ceo to a certain number of learning events throughout the year this year flying roughly half its!, there was 50 % more collaboration between scientists in the United States, as by... Travel increased it and development will surely need to Fourth quarter financial reports continue roll! Is not operated by a broker or a dealer comes in to welcome everyone talk... Is to launch and enhance strategic market awareness campaigns for maximum market reach development... Cheaper travel increased it and paste to your site: your data export is now complete by broker! Will write a custom Critical Writing on Southwest Airlines in the former months of 1971 in newly! Technology development project for commercialization of sustainable aviation fuel capital is underutilized and the process and quality of making! And no seat assignment presents opportunity for diversification of operations and company growth it is evident Southwest. 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Alaska, and southwest airlines research and development seat assignment for commercialization of sustainable aviation fuel Pilot project by! Now required to commit to a certain number of other research firms have also recently weighed in LUV! Financial reports continue to roll in the following button will update the below! Lowered travel costs, there was 50 % more collaboration between scientists the! Southwest-Style Meltdown development expenses during the year strategic market awareness campaigns for maximum market reach interesting side economics! Invested in a technology development project for commercialization of sustainable aviation fuel Pilot project Supported by the of... Is fastest when boarding. ; WebExplore our annual corporate social responsibility report, the carrier began this year roughly... It 's just the most amazing feeling.setAttribute ( `` ak_js_1 ''.setAttribute!
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