Grupo Aeromexico, S.A.B. de C.V.

Good morning and welcome to Aeromexico's second quarter 2026 earnings conference call. At this time, all participants are in a listen-only mode. There will be a question and answer session at the end with instructions given at that time. For the webcast participants, you may submit questions at any time during the call using the Ask a Question section on the webcast. As a reminder, today's conference call is being recorded. Now I would like to turn the call over to Mr. Ciro Medina, Head of Investor Relations.

Good morning, everyone. Joining me today to discuss our results are Andrés Conesa, Chief Executive Officer, and Ricardo Sánchez Baker, our Chief Financial Officer. Before we get started, I would like to take this opportunity to remind you that during the course of this call, we will present results that are based on our own audited consolidated financials. Accordingly, the financial results discussed today are based on information available to us as of the date of this call and are not a comprehensive final statement of our financial results for any period presented. We may make forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act regarding future events and our company's future performance. We caution you that several important factors could cause actual results to differ materially including the risk factors disclosed in our SEC filings. During the call, we will present certain non-IFRS financial measures. We have included a reconciliation and explanation of adjustments and other considerations of our non-IFRS measures to the most comparable measures in earnings release. Both our calls on the earnings release are available on our website. Now it is my great pleasure to turn the call over to Andrés Conesa.

Thank you, Lucero, and good morning, everyone. We appreciate you joining us today to discuss our second quarter 2020 results. The second quarter was characterized by high and volatile jet fuel prices and uncertainty regarding the impact of the World Cup on traffic, particularly in the corporate domestic market. I want to congratulate all the Aeromexico team for their efforts and commitment that resulted in achieving financial results for the second Q, generally in line with the guidance we provided last April. Revenue performance was strong, with trust growing 10.5% year-on-year during the quarter, a period that also saw the two best sales weeks in our company's history. We kept the discipline in non-fuel costs, mitigating the impact that a stronger exchange rate had on peso-denominated spending. Against this backdrop, the second quarter unfolded largely as we anticipated. Demand remained healthy in April and May, supported by solid market fundamentals and strong commercial execution across our network. In June, demand moderated in the domestic market as travel patterns were temporarily affected by World Cup-related shifts. Despite this temporary change in momentum, Our disciplined commercial and operational execution enables us to deliver record revenues in both June and the second quarter while maintaining profitability within the guidance we shared three months ago. Our ability to respond quickly to changing market conditions continues to be one of our key competitive advantages. We adjusted our network in anticipation of lower corporate traffic in June. Around the Bates, where Mexico's national team played, a strategy that proved successful and allowed us to avoid some unprofitable flying. Capacity increased 2% year-over-year during the second quarter, in line with our guidance. Most adjustments were concentrated in the domestic market, while we continued to support growth across our international networks. During the quarter, we launched two new long-haul routes, Mexico City to Barcelona and Monterrey to Paris. We charged off to a strong start. We also operated dozens of charter flights connecting Mexico and the United States to transport several national soccer teams during the World Cup. Our premium customer base remains a key differentiator of our commercial strategy. During the second quarter, premium revenue mix reached 43%. of one percentage point year over year and 17 percentage points compared to 2019, marking the highest level in Aeromexico's history. This performance reflects the continuous strength of our premium value proposition, supported by continuing investments to enhance our customer experience and build deeper relationships with our clients. It is important to highlight that this performance was achieved in a high yield environment. Despite fair increases driven by higher fuel costs, our customers did not trade down within the first-class structure, underscoring the resilience of demand for our premium offerings. As of the end of June, we led all global full-service carriers in on-time performance according to Cibrium, positioning us in a good spot to achieve the recognition of world's best on-time airline for the third consecutive year, a feat that no other airline has attained. We are also very proud of the opening of our new best-in-class lounges and check-in facilities in Mexico City. We want to recognize AICM authorities for the investments they have made to significantly improve our commercial facilities. Also in this quarter, we proudly launch our new Aeromexico in Bursa Cobrandes Trade Park program, providing customers with enhanced benefits and further strengthening Our loyalty ecosystem. Aeromexico Rewards also continues to gain traction as an increasingly important driver of customer engagement and revenue quality. During the second quarter, a record 39% of our passengers participated in the program. This is up 7 percentage points year over year. These initiatives, together with the quality and reliability of our operation, continue to drive higher customer satisfaction. Our NPS, Andrés Conesa Labastida, Daniel Medellin Andrés Conesa Labastida, Daniel Medellin Thank you very much. Thank you. Looking ahead, we are establishing new variants for the remainder of the year. We expect higher EBITDA and EBIT for both the third and the fourth quarters compared to the same periods in 2025. Sorry, full year 2026 EBIT margin is projected to be in the low double digit range, a remarkable outcome considering the challenging environment we have faced this year. Capacity is expected to recover and reach high single-digit year-over-year growth in the 4Q, supported by additional wide-body flying, the recent delivery of 2.787 aircraft, along with one additional aircraft expected later this year, as well as increased narrow-body flying supported by the additional slots that will become available in Mexico City during the next winter IATA season. This expanded wide-body fleet will allow us to further strengthen our European network and increase service to Seoul from five to seven weekly frequencies, reflecting sustained demand and reinforcing our local growth strategy. The first half of the year has once again demonstrated our ability to adapt quickly without compromising our long-term strategy. Healthy demand trends, disciplined commercial execution, and a more favorable fuel environment give us confidence that the second half of 2026 will deliver solid financial performance. We remain committed to managing capacity with discipline, investing in customer experience and generating premium revenues. These principles have consistently differentiated Aeromexico and continue to position us to create sustainable value for our customers, our employees and our shareholders. With that, I will turn it over to Ricardo to discuss our financial performance in more detail. Thank you.