Copa Holdings, S.A. (CPA) Q2 2025 Earnings Call

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WEBVTT 00:00:00.000 -- 00:00:02.700 Ladies and gentlemen, thank you for standing by. 00:00:02.700 -- 00:00:06.660 Welcome to the COPAS Holding Second Quarter Earnings Call. 00:00:06.660 -- 00:00:10.860 During the presentation, all participants will be in a listen-only mode. 00:00:10.860 -- 00:00:14.080 Afterwards, we will conduct a question and answer session. 00:00:14.080 -- 00:00:18.740 At that time, if you have a question, you will need to press star 1-1 on your telephone. 00:00:18.740 -- 00:00:24.240 As a reminder, this call is being webcast and recorded August 7, 2025. 00:00:24.240 -- 00:00:29.720 I will now turn the conference call over to Daniel Tapia, Director of Investor 00:00:29.720 -- 00:00:33.440 Relations. Sir, you may begin. 00:00:33.520 -- 00:00:38.200 Thank you, James. And welcome, everyone, to our second quarter earnings call. 00:00:38.200 -- 00:00:44.380 Joining me today are Pedro Hebron, CEO of COPAS Holdings, and Peter Dunkers, our CFO. 00:00:44.380 -- 00:00:48.540 Pedro will begin with an overview of our second quarter highlights, followed by Peter, 00:00:48.540 -- 00:00:51.840 who will walk us through the financial results. 00:00:51.840 -- 00:00:55.060 After that, we'll open the call for questions from analysts. 00:00:55.060 -- 00:00:59.300 COPAS Holdings financial reports have been prepared in accordance with the International 00:00:59.300 -- 00:01:04.960 Financial Reporting Standard. In today's call, we will discuss non-IFRS financial measures, 00:01:04.960 -- 00:01:10.220 which are reconciled to IFRS measures in our earnings release available on our website, 00:01:10.220 -- 00:01:12.220 copaair.com. 00:01:12.340 -- 00:01:17.160 Our discussion today will also contain forward-looking statements, not limited to historical 00:01:17.160 -- 00:01:2...