Air Canada's (ACDVF) CEO Calin Rovinescu on Q4 2019 Results - Earnings Call Transcript

Feb. 18, 2020 3:45 PM ETAir Canada (ACDVF), AC:CA
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Air Canada (OTCQX:ACDVF) Q4 2019 Earnings Conference Call February 18, 2020 8:30 AM ET

Company Participants

Kathleen Murphy – Investor Relations

Calin Rovinescu – President and Chief Executive Officer

Lucie Guillemette – Executive Vice President and Chief Commercial Officer

Mike Rousseau – Deputy Chief Executive Officer and Chief Financial Officer

Craig Landry – Executive Vice President of Operations

Conference Call Participants

Walter Spracklin – RBC Capital Markets

Kevin Chiang – CIBC

Konark Gupta – Scotiabank

Chris Murray – AltaCorp Capital

Andrew Didora – Bank of America

Andrew Quach – Wolfe Research

Helane Becker – Cowen

Cameron Doerksen – National Bank Financial

Jamie Baker – JPMorgan


Good morning, ladies and gentlemen. Welcome to Air Canada’s Fourth Quarter and Full Year 2019 Conference Call.

I would now like to turn the meeting over to Kathleen Murphy. Please go ahead, Ms. Murphy.

Kathleen Murphy

Thank you, Elena, and good morning, everyone, and thank you for joining us on our fourth quarter and full year call. With me this morning are Calin Rovinescu, our President and Chief Executive Officer; Mike Rousseau, our Deputy Chief Executive Officer and Chief Financial Officer; Lucie Guillemette, our Executive Vice President and Chief Commercial Officer; and Craig Landry, our Executive Vice President of Operations.

On today’s call, Calin will begin by highlighting the financial performance for the year. Lucie and Mike will then address our fourth quarter financial performance and turn it back to Calin before taking questions from the analyst community. We’ll start by taking questions from equity analysts, followed by questions from fixed income analysts.

Before we get started, please note that certain statements made on this call, such as those related to forecasted costs and financial targets, the timing of the return to service the Boeing 737 MAX aircraft, the recovery of Air Canada’s China and Hong Kong businesses

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