Copa Holdings, S.A. (CPA) CEO Pedro Heilbron on Q3 2019 Results - Earnings Call Transcript

Nov. 14, 2019 4:36 PM ETCopa Holdings, S.A. (CPA) StockCPA
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153.96K Followers

Q3: 2019-11-13 Earnings Summary

EPS of $2.45 beats by $0.21
 | Revenue of $708.21M (5.32% Y/Y) beats by $9.62M

Copa Holdings, S.A. (NYSE:CPA) Q3 2019 Earnings Conference Call November 14, 2019 11:00 AM ET

Company Participants

Raul Pascual - Director, Investor Relations
Pedro Heilbron - Chief Executive Officer and Director
José Montero - Chief Financial Officer

Conference Call Participants

Michael Linenberg - Deutsche Bank
Duane Pfennigwerth - Evercore ISI
Matthew Roberts - Raymond James & Associates, Inc.
Andrew Quach - Wolfe Research
Joshua Milberg - Morgan Stanley
Helane Becker - Cowen and Company
Alejandro Zamacona - Credit Suisse
Dan McKenzie - The Buckingham Research Group
Matthew Wisniewski - Barclays Capital

Operator

Ladies and gentlemen, thank you for standing by. Welcome to Copa Holdings Third Quarter Earnings Call. During the presentation, all participants will be in a listen-only mode. After w will conduct a question-and-answer session. [Operator Instructions]. As a reminder, this call is being webcast and recorded on November 14, 2019.

Now I’ll turn the conference call over to Raul Pascual, Director of Investor Relations. Sir, you may begin.

Raul Pascual

Thank you, Michelle, and welcome, everyone, to our third quarter earnings call. Joining us today are Pedro Heilbron, CEO of Copa Holdings; and José Montero, our CFO. First, Pedro will start with our third quarter highlights, followed by José, who will discuss our financial results. Immediately after, we’ll open up the call for questions from analysts.

Copa Holdings’ financial reports have been prepared in accordance with International Financial Reporting Standards. In today’s call, we will discuss non-IFRS financial measures. A reconciliation of the non-IFRS to IFRS financial measures can be found in our earnings release, which has been posted on the company’s website, copa.com.

Our discussion today will also contain forward-looking statements, not limited to historical facts, that reflect the company’s current beliefs, expectations and/or intentions regarding future events and results. These forward-looking statements involve risks and uncertainties that could cause actual

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