Copa Holdings, S.A. (NYSE:CPA) Q4 2022 Earnings Conference Call February 16, 2023 11:00 AM ET

Company Participants

Daniel Tapia - IR

Pedro Heilbron - CEO

Jose Montero - CFO

Conference Call Participants

Michael Linenberg - Deutsche Bank

Duane Pfennigwerth - Evercore ISI

Rogério Araújo - Bank of America

Savi Syth - Raymond James

Bruno Amorim - Goldman Sachs

Stephen Trent - Citigroup Inc.

Helane Becker - Cowen and Company

Joshua Milberg - Morgan Stanley

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Copa Holdings Fourth Quarter Earnings Call. [Operator Instructions] As a reminder, this call is being webcast and recorded on February 16, 2023.

Now I will turn the conference over to Daniel Tapia, Director of Investor Relations. Sir, you may begin.

Daniel Tapia

Thank you, Latif, and welcome, everyone, to our fourth quarter earnings call. Joining us today are Pedro Heilbron, CEO of Copa Holdings; and Jose Montero, our CFO. First, Pedro will start by going over our fourth quarter and full year highlights, followed by Jose, who will discuss our financial results. Immediately after, we will open the call for questions from analysts.

Copa Holdings financial reports 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 earnings release, which has been posted on the company's website, cpaair.com. 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 Heilbron.

Pedro Heilbron

Thank you, Daniel. Good morning to all, and thanks for participating in our fourth quarter earnings call. Before we begin, I would like to extend my sincere gratitude to all our coworkers for their commitment to the company. Their continuous efforts and dedication have kept Copa at the forefront of Latin American aviation. To them, as always, my highest regards and admiration. We're proud to report solid fourth quarter and full year results despite the pressure higher net fuel prices have added to our operating costs and other headwinds come on to our business.