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August 09, 2012 11:00 am ET
Pedro Heilbron - Chief Executive Officer and Director
Victor Vial - Chief Financial Officer
Michael Linenberg - Deutsche Bank AG, Research Division
Duane Pfennigwerth - Evercore Partners Inc., Research Division
Eduardo Siffert Couto - Goldman Sachs Group Inc., Research Division
James D. Parker - Raymond James & Associates, Inc., Research Division
Hunter K. Keay - Wolfe Trahan & Co.
Helane R. Becker - Dahlman Rose & Company, LLC, Research Division
Alexandre van Amson - Santander, Equity Research
Stephen Trent - Citigroup Inc, Research Division
Welcome to the Copa Holdings Second Quarter 2012 Earnings Conference Call. [Operator Instructions] As a reminder, this call is being webcast and recorded August 9, 2012. Now, I will turn the conference call over to Joe Putaturo, Director of Investor Relations. Sir, you may begin.
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 start with our second 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 second 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 the non-IFRS to IFRS financial measures can be found in our first quarter earnings release, which has been posted on the company's website, copaair.com.