Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Q4 2023 Earnings Conference Call February 27, 2024 9:00 AM ET
Company Participants
Ricardo Martinez - Investor Relations Director
Enrique Javier Beltranena Mejicano - President and Chief Executive Officer
Holger Blankenstein - Executive Vice President, Airline Commercial and Operations
Jaime Esteban Pous Fernandez - Chief Financial Officer
Conference Call Participants
Duane Pfennigwerth - Evercore ISI
Stephen Trent - Citi
Michael Linenberg - Deutsche Bank
Rogerio Araujo - Bank of America
Helane Becker - TD Cowen
Bruno Amorim - Goldman Sachs
Pablo Ricalde - Santander
Neil Glynn - AIR Control Tower
Operator
Good morning everyone. Thank you for standing by. Welcome to Volaris' Fourth Quarter and Full-Year 2023 Financial Results Conference Call. All lines are in listen-only mode. Following the company's presentations, we will open the call for your questions. Please note that we are recording this event. This event is also being broadcast live via webcast and can be accessed through the Volaris' website.
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, everyone, and thank you for joining the call. With us is 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 fourth quarter and full-year 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 remind everyone 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 results to differ materially from expectations as described in the company's filings with the United States' SEC and Mexico's CNBV. These statements speak only as of the date they are made, and Volaris undertakes no obligation to update or modify any forward-looking statement.
As in our earnings release, our numbers are in U.S. dollars, compared to the fourth quarter of 2022, unless otherwise noted.
And with that, I will turn the call over to Enrique.
Enrique Javier Beltranena Mejicano
Thank you, Ricardo, and thank you all for joining us today. During 2023, we learned a lot when resizing the operations and turned a very complex situation into a solid financial result for the fourth quarter. On an absolute basis, we recorded our highest ever historical quarterly TRASM. Not only that, we were profitable for the quarter, posting a net income of $112 million.