Copa Holdings, S.A. (CPA) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:01.974 Ladies and gentlemen, thank you for standing by. 00:00:01.974 -- 00:00:05.739 Welcome to Copa Holdings' fourth quarter earnings call. 00:00:05.739 -- 00:00:10.206 During the presentation, all participants will be in listen-only mode. 00:00:10.206 -- 00:00:13.190 Afterwards, we will conduct a question and answer session. 00:00:13.190 -- 00:00:18.378 At that time, if you have a question, you will have to press star 11 on 00:00:18.378 -- 00:00:23.645 your touchtone phone. As a reminder, this call is being webcast and recorded on February 00:00:23.645 -- 00:00:25.986 12, 2026. 00:00:26.373 -- 00:00:30.638 Now I will turn the conference call over to Daniel Tapia, Director of Investor Relations. 00:00:30.638 -- 00:00:31.479 Sir, you may begin. 00:00:31.479 -- 00:00:33.240 Thank 00:00:33.240 -- 00:00:38.927 you, Marvin, and welcome everyone to our fourth quarter and full year earnings call. 00:00:38.927 -- 00:00:43.612 Joining me today are Mr. Pedro Hebron, CEO of Copa Holdings, and Peter Dunkersluth, our 00:00:43.612 -- 00:00:45.093 CFO. 00:00:45.093 -- 00:00:48.116 First, Pedro will go to 00:00:48.116 -- 00:00:52.441 our fourth quarter and full year highlights, followed by Peter, who will discuss our 00:00:52.441 -- 00:00:57.378 financial results in more detail. Immediately after, we will open the call for questions 00:00:57.378 -- 00:01:02.483 from analysts. As a reminder, COPPA holding financial reports have been prepared 00:01:02.483 -- 00:01:06.007 in accordance with international financial reporting standards. 00:01:06.007 -- 00:01:11.133 In today's call, we will discuss certain non-IFRS financial measures. 00:01:11.133 -- 00:01:16.419 A reconciliation of these measures to comparable IFRS measures can be found in our earnings 00:01...