Aegean Airlines Ord (AGZNF) Q4 2023 Earnings Call

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. I am Mina, your chorus call operator. Welcome and thank you for joining the ADN Airlines conference call to present and discuss the full year 2023 financial results. All participants will be in a listen-only mode and the conference is being recorded. The presentation will be followed by a question and answer session. Should anyone need assistance during the conference call, you may signal an operator by pressing star and zero on your telephone. At this time, I would like to turn the conference over to Mr. Ezequiel Vasilakis, Chairman. Mr. Vasilakis, you may now proceed. Good afternoon, everybody, and welcome to our annual results review for 23. Just to note before we start that our CFO, Mr. Kouveliotis, our Treasurer, Mrs. Dimaraki, and our Investor Relations Manager, Mrs. Catalani, are all here. with me to answer questions since you need to have more questions. Let me get on with my initial comments. I think we now know that Aegean has had a truly excellent year in terms of all aspects of both growth in passenger count, in revenues, in terms of expanding in new destinations, in terms of developing its investment toward the MRO and the training facility, and of course, very materially in terms of profitability in all aspects, and even perhaps more important than profitability, cash flows as well, to such a degree that not only the investments have been financed in an adequate way and efficient way, but also We have lower loans by the end of the year relative to the beginning, and also we have proceeded with the decision and then the repayment of the warrants of the Greek state. Therefore, all in all, a very successful year. Again, I will give you some highlights, and then we'll stop for questions. So during 23, our ove...