Azul S.A. (NYSE:AZUL) Q2 2023 Earnings Conference Call August 10, 2023 11:00 AM ET
Company Participants
Thais Haberli - Head of IR
David Neeleman - Founder and Chairman
John Rodgerson - CEO
Alex Malfitani - CFO
Abhi Shah - President
Conference Call Participants
Victor Mizusaki - Bradesco BBI
Gabriel Rezende - Itaú BPA
Savanthi Syth - Raymond James
Michael Linenberg - Deutsche Bank
Guilherme Mendes - JPMorgan Guilherme
Neil Glynn - Air Control Tower
Operator
Hello, everyone, and welcome to Azul's Second Quarter's Earnings Call. My name is Zach, and I will be your operator for today. This event is being recorded and all participants will be in a listen-only mode until we conduct a Q&A session following the company's presentation. [Operator Instructions]
I would like to turn the presentation over to Thais Haberli, Head of Investor Relations. Thais, you may proceed.
Thais Haberli
Thank you, Zach, and welcome all to Azul's second quarter earnings call. The results that we announced this morning, the audio of this call and the slides that we reference are available on our IR website.
Presenting today will be David Neeleman, Azul's Founder and Chairman; and John Rodgerson, CEO; Alex Malfitani, our CFO; and Abhi Shah, the President of Azul are also here for the Q&A session. Before I turn the call over to David, I'd like to caution you regarding our forward-looking statements. Any matters discussed today that are not historical facts, particularly comments regarding the company's future plans, objectives, and expected performance constitute forward-looking statements.
These statements are based on a range of assumptions that the company believes are reasonable but are subject to uncertainties and risks that are discussed in detail in our CVM and SEC filings. Also, during the course of the call, we will discuss non-IFRS performance measures, which should not be considered in isolation.
With that, I will turn the call over to David. David?
David Neeleman
Thanks, Thais. Welcome, everyone, and thanks for joining us for our second quarter 2023 earnings call.
This quarter was one of the most important in our history. I could not start without recognizing the impressive work of our leadership team. In this quarter, we made significant progress on our comprehensive and permanent capital optimization plan, leading to a successful conclusion in July.
John and Alex together with their skillful teams successfully implemented our plan, which included new agreements with lessors and OEMs an exchange offer and new and a new money rate. John will give you more details later. It is absolutely incredible what they were able to achieve all of this in just a six-month window. I also want to thank all of our partners and investors who supported us throughout this process. Together, we have delivered a true win-win solution that we promised on the outset, one that is value-maximizing for all stakeholders.