Copa Holdings, S.A. (CPA) Q3 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:02.194 Ladies and gentlemen, thank you for standing by. 00:00:02.194 -- 00:00:05.518 Welcome to COPPA Holdings' third quarter earnings call. 00:00:05.518 -- 00:00:09.323 During the presentation, all participants will be in a listen-only mode. 00:00:09.323 -- 00:00:12.508 Afterwards, we will conduct a question and answer session. 00:00:12.508 -- 00:00:16.553 At that time, if you have a question, you will need to press star 1-1 on your touchtone 00:00:16.553 -- 00:00:22.321 telephone. As a reminder, this call is being webcast and recorded on November 20, 2025. 00:00:22.321 -- 00:00:28.089 I will now turn the conference over to Daniel Tapia, Director of Investor Relations. 00:00:28.089 -- 00:00:30.355 Sir, you may begin. 00:00:30.355 -- 00:00:35.700 Thank you, Michelle, and welcome everyone to our third quarter earnings call. 00:00:35.700 -- 00:00:41.045 Joining me today are Pedro Heilbron, CEO of Copa Holdings, and Peter Dunkersluth, 00:00:41.045 -- 00:00:42.627 our CFO. 00:00:42.627 -- 00:00:46.711 Pedro will begin with an overview of our third quarter highlights, followed by Peter, 00:00:46.711 -- 00:00:49.854 who will walk us through the financial results. 00:00:49.854 -- 00:00:53.477 After that, we'll open the call for questions from analysts. 00:00:53.477 -- 00:00:58.422 Copa Holdings financial reports have been prepared in accordance with international financial 00:00:58.422 -- 00:01:03.516 reporting standards. In today's call, we will discuss non-IFRS financial measures, 00:01:03.516 -- 00:01:08.562 which are reconciled to IFRS figures in our earnings release available on our 00:01:08.562 -- 00:01:11.062 website, copaair.com. 00:01:11.265 -- 00:01:16.310 Our discussion today will also contain forward-looking statements, not limited t...