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

Investor webinar replay

Replay transcript excerpt

Ladies and gentlemen, thank you for standing by. Welcome to Copa Holdings' fourth quarter earnings call. During the presentation, all participants will be in listen-only mode. Afterwards, we will conduct a question and answer session. At that time, if you have a question, you will have to press star 11 on your touchtone phone. As a reminder, this call is being webcast and recorded on February 12, 2026. Now I will turn the conference call over to Daniel Tapia, Director of Investor Relations. Sir, you may begin. Thank you, Marvin, and welcome everyone to our fourth quarter and full year earnings call. Joining me today are Mr. Pedro Hebron, CEO of Copa Holdings, and Peter Dunkersluth, our CFO. First, Pedro will go to our fourth quarter and full year highlights, followed by Peter, who will discuss our financial results in more detail. Immediately after, we will open the call for questions from analysts. As a reminder, COPPA holding financial reports have been prepared in accordance with international financial reporting standards. In today's call, we will discuss certain non-IFRS financial measures. A reconciliation of these measures to comparable IFRS measures can be found in our earnings release, which is available on our website. Our discussion today will also contain forward-looking statements. not limited to historical facts that reflect the company's current beliefs, expectations, and or intentions regarding future events and results. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially and are based on assumptions subject to change. Many of these are discussed in our annual report filed with the SEC. Now I'd like to turn the call over to our CEO, Mr. Pedro Herrera. Thank you, Daniel. Good morning and...