Controladora Vuela Compania de Aviacion, S.A.B. de C.V. (NYSE:VLRS) Q2 2024 Earnings Conference Call July 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
Joao Frizo - Goldman Sachs
Thomas Fitzgerald - TD Cowen
Jens Spiess - Morgan Stanley
Operator
Good morning, everyone. Thank you for standing by. Welcome to Volaris Second Quarter 2024 Financial Results Conference Call. All lines are in listen-only mode. Following the company's presentation, we will open the call up 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 now 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 second 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's CNBV.
These statement 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 US dollars compared to the second quarter of 2023, unless otherwise noted.
And with that I will turn the call over to Enrique.
Enrique Javier Beltranena Mejicano
Good morning, everyone, and thank you for joining us. Volaris continues to perform positively, recording our highest absolute EBITDAR for the second quarter. This achievement is notable given that we have been managing a capacity reduction driven by accelerated engine inspections for nearly one year, which has grounded approximately 1/4 of our fleet. Our unwavering focus on execution has enabled us to deliver strong results during this period of disruption.