Azul S A Sp/Adr

Hello everyone and welcome all to ASUS first quarter earning conference call. My name is Zach and I will be your operator for today. This event is being recorded and all participants will be in a listen-only mode until we conduct the Q&A session following the company's presentation. If you have a question, click on the Q&A icon at the bottom of your screen and write your name and company. When your name is announced, please turn your microphone on and proceed. For those who are listening to the conference on the phone, press 9 to join the queue and 6 to accept the audio when requested. Now, I would like to turn the presentation over to Thais Herberle, Head of Investor Relations. Please proceed, Thais.

Thank you, Zach, and welcome all to Azul's first quarter earnings call. The results that we announced this morning, the audio of this call, and the slides that we reference are available on our IR website. 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 subjected to uncertainties and risks that are discussed in detail in our CVM and SEC findings. Also, during the course of the call, we will discuss non-IFRS performance measures, which should not be considered in isolation. Presented today will be John Rogerson, Azul's CEO, and Antonio Garcia, our CFO. Abisham, the president of Azul, is also here for the Q&A session. With that, I will turn the call over to John. John?

Thank you, Thais. Welcome, everyone, and thank you for joining us today. We're pleased to present Azul's first quarter results. This quarter is particularly important because it reflects the early outcomes of decisions we made proactively on capacity, cost, and capital structure, in anticipation of a more volatile macro environment. Despite operating with lower capacity in the quarter, we delivered record first quarter results across revenue, RASC, EBITDA, and EBIT, reinforcing the strength and flexibility of our business model. As we go through the presentation, we'll focus on three core themes, disciplined revenue generation, structural cost efficiency, and a continued de-risking of our balance sheet, all of which position Azul well for the remainder of the year. Before we dive into the details, I would like to begin by thanking our more than 14,000 crew members for their hard work, dedication, commitment to excellence. Their focus on safety, service quality, and operational reliability is the foundation of Azul's success. And the record performance we delivered this quarter is a direct reflection of their passion, resilience, and professionalism. These strengths were also essential in establishing our partnership with the Brazilian Football Confederation, reinforcing Azul's position as the official airline of the Brazil national football teams. We are extremely proud of this partnership, and I'm especially excited about this announcement, given that we're heading into the World Cup. It's a powerful moment to be alongside the Brazilian teams, supporting a symbol that unites the entire country. I also want to remind everyone that the Women's World Cup will be in Brazil next year. And of course, we'll be supporting the Brazil women's team. This partnership goes beyond brand visibility. It reinforces Azul's emotional connection with Brazilian consumers, strengthens our presence across leisure and corporate travel segments, and supports long-term demand generation. Importantly, it aligns our brand with national pride and premium service. We are the true Brazilian carrier that serves all of Brazil. And as we continue building this stronger, more resilient Azul, I'm pleased to welcome our new chief financial officer, Antonio Garcia, whose leadership will be instrumental in the next phase of our financial and strategic evolution. His depth of industrial and financial expertise strengthens our leadership team as we focus on deleveraging, cash generation, and long-term value creation. With that, I'll turn the call over to Antonio.