Azul S.A. (NYSE:AZUL) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET

Company Participants

Thais Haberli - Head, Investor Relations
John Rodgerson - Chief Executive Officer
Abhi Shah - President
David Neeleman - Founder and Chairman
Alexandre Malfitani - Chief Financial Officer

Conference Call Participants

Savanthi Syth - Raymond James
Alberto Valerio - UBS
Gabriel Rezende - Itau
Guilherme Mendes - JPMorgan
Victor Mizusaki - Bradesco
Joao Frizo - Goldman Sachs
Michael Linenberg - Deutsche Bank
Daniel McKenzie - Seaport Global

Operator

Hello, everyone, and welcome all to Azul's Second 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 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 second quarter earnings call. The results that we announced this morning, the outlook of this call and the slides that we reference are available on our IR website. Presented today will be John Rodgerson, CEO; David Neeleman, Azul's Founder and Chairman; Abhi Shah, the President of Azul; and Alex Malfitani, our CFO.

Before I turn the call over to John, 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 John.

John Rodgerson

Thanks, Thais. Welcome everyone and thanks for joining us for our second quarter earnings call. First, I would like to express our solidarity with the families, loved ones and the crew members affected by the aviation tragedy that occurred in Brazil on Friday. Aviation safety is number one in everything that we do and as an industry, we always come together in times of need. We offer them our condolences and support and our prayers during this very difficult time.

I would also like to thank our crew members for all their hard work during the second quarter. Our strong culture was essential as we successfully navigated a challenging combination of seasonality, fleet, high fuel and currency devaluation combined with the devastating floods in the south of Brazil, all of which made this an especially difficult quarter. I'm incredibly proud of our entire team for how quickly we adapted to the changing conditions, implemented initiatives and delivered what I think is an industry-leading result.