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Copa Holdings' CEO Discusses Q3 2011 Results - Earnings Call Transcript

Copa Holdings, S.A. ( CPA)

Q3 2011 Earnings Call

November 9, 2011 11:00 a.m. ET


Joseph Putaturo – Director of Investor Relations

Pedro Heilbron – Chief Executive Officer and Director

Victor Vial – Chief Financial Officer


Luiz Campos – Credit Suisse

Catherine O’Brien – Deutsche Bank

Jim Parker – Raymond James

Eduardo Couto – Goldman Sachs

Dan McKenzie – Rodman & Renshaw

Bob McAdoo - Avondale Partners



Ladies and gentlemen thank you for standing by. Welcome to Copa Holdings Third Quarter 2011 Earnings Call. (Operator Instructions) As a reminder, this call is being webcast and recorded on November 9, 2011. Now I would like to turn the conference over to Joe Putaturo, Director of Investor Relations. Sir, you may begin.

Joseph Putaturo

Thank you very much, operator, and welcome, everyone, to our second quarter earnings call. Joining us today are Pedro Heilbron, CEO of Copa Holdings; and Victor Vial, our Chief Financial Officer.

First, Pedro will open up with our third quarter highlights, followed by Victor who will discuss our financial results. Immediately after, we'll open up the call for questions from analysts. Copa Holdings' third quarter financial results have been prepared in accordance with International Financial Reporting Standards.

In today's call, we will discuss non-IFRS financial measures. A reconciliation of non-IFRS to IFRS financial measures can be found in our third quarter earnings release, which has been posted on the company's website,

In addition, our discussion will contain forward-looking statements not limited to historical facts that reflect the company's current beliefs, expectations and 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 that are subject to change. Many of these risks and uncertainties are discussed in our annual report filed with the SEC. Now I'd like to turn the call over to our CEO, Pedro Heilbron.

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