Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Q2 2023 Earnings Call Transcript July 28, 2023 3:00 AM ET

Company Participants

Ricardo Martinez - Investor Relations Director

Enrique Beltranena - President and Chief Executive Officer

Holger Blankenstein - Airline Executive Vice President

Jaime Pous - Chief Financial Officer

Conference Call Participants

Stephen Trent - Citi

Duane Pfennigwerth - Evercore ISI

Helane Becker - TD Cowen

Michael Linenberg - Deutsche Bank

Rogerio Araujo - Bank of America

Bruno Amorim - Goldman Sachs

Alberto Valerio - UBS

Operator

Good morning, everyone. Thank you for standing by. Welcome to Volaris' Second Quarter 2023 Financial Results Conference Call. All line are in a listen only mode. Following the company’s presentation we will open the call for your questions-and-answers. Please note that we are recording this event. This event is also being broadcast live via a webcast and may be accessed through the Volaris website. [Operator Instructions]

At this point, I would like to turn the call over to Ricardo Martinez, Investor Relations Director. Please go ahead, Ricardo.

Ricardo Martinez

Good morning, and thank you for joining the call. With us today are our President and CEO, Enrique Beltranena; our Airline Executive Vice President, Holger Blankenstein; and our Chief Financial Officer, Jaime Pous. They will be discussing the company's second quarter 2023 results. Afterward, we will move on to your questions.

Please note that this call is for investors and analysts only. Before we begin, please remember that this call may include forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are subject to several factors that could cause the company's results to differ materially from expectations. As described in the company's filings with the United States SEC and Mexico's CMBB. This statement speaks only as of the date they are made. And Volaris undertakes no obligation to update or modify any forward-looking statements. As in our earnings release, our numbers are in U.S. dollars compared to the second quarter of 2022, unless otherwise noted.

And with that, I will turn the call over to Enrique.

Enrique Beltranena

Thank you, Ricardo, and everyone, for joining us today. During the quarter, our company's performance was aligned with our projected full-year outlook, supported by favorable macroeconomic conditions, including lower jet fuel costs and a stronger Mexican peso. We are seeing solid bookings for the summer months and remain confident in the resilience of our VFR passenger base in Mexico and the robust demand we see in Central America and the United States.