Controladora Vuela Compañía de Aviación, S.A.B. de C.V. (NYSE:VLRS) Q1 2024 Results Conference Call April 23, 2024 11:00 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
Guilherme Mendes - JPMorgan
Helane Becker - TD Cowen
Operator
Good morning, everyone. Thank you for standing by. Welcome to the Volaris First Quarter 2024 Financial Results Conference Call. All lines are in a listen-only mode. Following the company's presentation, we will open the call for your questions. Please note that we are recording this event. This event is also being broadcast via live 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, 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 first quarter 2024 results. Afterwards, 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 the Mexico CMDV. These statements speak 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 press release, our numbers are in U.S. dollars, compared to the first quarter of 2023 unless otherwise noted.
With that, I will turn the call over to Enrique.
Enrique Javier Beltranena Mejicano
Good morning, everyone and thank you for joining us today. I am proud to start by saying our Volaris team delivered strong first quarter results. It was certainly a challenging quarter, as we ramped up the engine accelerated inspection processes that drove challenges in delivering a good schedule, but I'm proud that, the team was able to execute on our plans so well. Over the last six months, our primary focus has been directing operations to enhance our customer service, managing ongoing changes to the schedule, as the fleet plan changes and continuing our emphasis on obsessive cost control. Despite the ongoing challenges with engine and aircraft issues, we continue to execute well and remain focused on delivering shareholder value.