Azul S.A. (NYSE:AZUL) Q3 2023 Earnings Conference Call November 14, 2023 10:00 AM ET

Company Participants

Thais Haberli - Head, Investor Relations

David Neeleman - Founder & Chairman

John Rodgerson - Chief Executive Officer

Alex Malfitani - Chief Financial Officer

Abhi Shah - President

Conference Call Participants

Gabriel Rezende - Itaú BPA

Gabriel Raposo - Bradesco

Michael Linenberg - Deutsche Bank

Daniel McKenzie - Seaport Global

Operator

Hello, everyone, and welcome all to Azul's Preliminary Third Quarter 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. Please Thais, proceed.

Thais Haberli

Thank you, Zach, and welcome all to Azul's Preliminary Third Quarter Earnings Call. The preliminary 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.

Also it's important to mention that Azul has not yet published its interim financial statements for the three and nine month ended September 30th due to the considerable volume and complexity of tests to ensure that all effects of its capital optimization plan are correctly reflected in the financial statements and we'll keep the market updated on these efforts.

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. 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. I welcome, everyone, and thanks for joining us for our third quarter 2023 earnings call.

As you can see on Slide 3, we continue to strengthen Brazil's largest network by adding more than 40 new destinations since 2019. We're the only carrier in almost 80% of our routes and the leader in departures in 90% of our markets, a profitable strategy we will maintain as we grow.