[Aplausos] Hola, ¿cómo están. Antes, qué bueno. Antes que nada, bueno, quiero empezar diciendo que también es mi mi primer plática.Entonces, [Aplausos] antes que nada quiero agradecer la oportunidad de estar aquí porque para la Laila de hace 6 meses, 6 meses, hubiera sido inimaginable estar haciendo esto. Y esto es lo que les quiero compartir el día de hoy, de cómo pasé de ser una persona que no hubiera actuado por miedo, a alguien que tiene el coraje hoy con todo y miedo y nervios y estoy aquí para platica ...

[Música] Todos quisiéramos una relación como en las películas, ¿verdad? como las que vemos eso, esas relaciones, esos esas conexiones que vemos entre dos personas que se conocen, que encuentran un vínculo y después sucede algún tipo de conflicto y de alguna manera siempre encuentran la manera de resolverlo y terminan el felices para siempre, ¿verdad? ¿Para dónde apunto el clicker? está apagado. Alor está apagado. Entonces, todos quisiéramos ver ese tipo de relaciones en nuestras vidas. Quisiéramos sentir es ...

Señores, hace 35 años tuve el placer de nacer en la ciudad de Cancún. ¿A quién le gustaría estar ahorita en Cancún, en bikini? Hasta los hombres, ¿verdad? Entonces, no solamente tuve el placer de nacer en la ciudad de Cancún, sino que tuve el honor de nacer en los brazos de una madre de 20 años, soltera y que trabajaba en hotelería en una posición de ventas donde absolutamente todos los días si yo tenía que comer y yo tenía uniformes dependía de si ella salía a vender y generaba comisiones. Esta es mi madre ...

[Music] In my role as a university educator, it is my job to convince my students and you in the audience here today that Shakespeare is not just a collection of books collecting dust on a shelf, but they are living and breathing texts. They are something that we can all enter into, that we can access, that we can analyze, and that we can enjoy. I often step into the classroom and surprise my students by saying that I'm not here to tell you what these texts mean. I'm here to invite you to a range of differe ...

[Música] [Música] Madre mía, cuánta gente. E pues nada, ya lo han dicho todo. No somos margarina, no somos manteca. Está más buena. Va para dulce, va para salado, va para Jerez. Entonces, os vamos a hacer cantar. Lo siento, [Música] [Aplausos] mané. Mani, mani, mani. ¿Qué preferís? Aco no hay que ser perezosos. Venga, un, dos, tres y [Música] pa. [Música] Y ahora os vais a tener que copiar. [Música] ¿Cómo? Si te quieres por el pico divertir, cómete un cucuruchito de maní. [Música] Qué calentito y rico está. ...

Financial Performance - Total revenue for Q1 2022 was $7057 million, an 112% increase year-over-year[11] - Total NOI for Q1 2022 increased 06% to $1583 million compared to the same quarter of the prior year[12] - Core EBITDA decreased by 59% to $1109 million, or 22% on a constant currency basis[13] - The company reported a net loss of $174 million, or $006 per diluted share[14] - Core FFO was $463 million, or $017 per diluted share[14] - AFFO was $689 million, or $026 per diluted share[15] Global Warehouse Segment - Global Warehouse segment revenue increased 114% to $5409 million[16] - Global Warehouse segment NOI increased 01% to $1463 million[16] - Global Warehouse segment same-store revenue increased 45%, or 60% on a constant currency basis[16] - Global Warehouse segment same-store NOI decreased by 47%, or 36% on a constant currency basis[16] - Global Warehouse segment margin was 270%, a 307 basis point decrease[19] Debt and Liquidity - The company had total liquidity of approximately $6570 million[28] - Total debt outstanding was $32 billion, with 83% in an unsecured structure[28] - Net debt to pro forma Core EBITDA was approximately 66x[28] - 72% of the company's total debt outstanding was at a fixed rate[28] Occupancy and Fixed Commitments - Economic occupancy for the total warehouse segment was 768%, and the warehouse segment same-store pool was 776%[26] - 398% of rent and storage revenue was generated from fixed commitment storage contracts, assuming a full twelve months of acquisitions revenue[25]

Financial Performance - Q3 2022 - Total revenue increased by 6.9% to $757.8 million compared to the same quarter of the prior year[12, 13] - Total NOI increased by 16.3% to $181.2 million compared to the same quarter of the prior year[12, 14] - Core EBITDA increased by 15.0% to $131.9 million, or 16.9% on a constant currency basis, compared to the same quarter of the prior year[12, 15] - Global Warehouse segment revenue increased by 10.5% to $599.0 million compared to the same quarter of the prior year[12, 20] - Global Warehouse segment NOI increased by 14.9% to $166.7 million compared to the same quarter of the prior year[12, 21] - Global Warehouse segment same store revenue increased 7.1%, or 9.6% on a constant currency basis[12] - Global Warehouse segment same store NOI increased by 12.5%, or 14.4% on a constant currency basis[12] Financial Position - Total liquidity was approximately $700.1 million as of September 30, 2022[35] - Total debt outstanding was $3.2 billion as of September 30, 2022, with 84% in an unsecured structure[35] Portfolio and Operations - The company operated a global network of 249 temperature-controlled warehouses as of September 30, 2022[3, 40] - As of September 30, 2022, 40.9% of rent and storage revenue was generated from fixed commitment storage contracts[32]

Financial Performance - Total revenue decreased by 11.9% to $667.9 million in Q3 2023[12] - Total NOI increased by 4.4% to $189.1 million in Q3 2023[12] - Core EBITDA increased by 9.2% to $144.0 million in Q3 2023[12] - AFFO was $88.2 million, or $0.32 per diluted common share in Q3 2023[12] - The company raised its full year 2023 AFFO per share guidance to a new range of $1.24 to $1.30[11] Global Warehouse Segment - Global Warehouse segment revenue increased 0.6% to $602.6 million in Q3 2023[18] - Global Warehouse segment NOI increased 6.7% to $177.8 million in Q3 2023[18] - Global Warehouse segment same store NOI increased by 4.5%, or 5.3% on a constant currency basis in Q3 2023[18] - Same store economic occupancy increased 345 basis points over prior year to 84.0% in Q3 2023[11] Capital & Debt - The company successfully raised $419 million in common equity by issuing 13.2 million shares at a weighted average price of $31.63 per share through its ATM program[11] - Total debt outstanding was $3.2 billion, of which 93% was in an unsecured structure as of September 30, 2023[32] - As of September 30, 2023, 89.0% of the company's total debt outstanding was at a fixed rate[32]

Change and Transformation - The business world is experiencing rapid and simultaneous changes across technology, environment, geopolitics, and even spiritual values, requiring a shift in mindset [4] - Companies must learn to unlearn, embrace intuition, curiosity, and innovation to navigate these changes effectively [5] - Businesses that fail to transform risk obsolescence, as exemplified by Blockbuster's demise [13][14] - Embracing discomfort and fear is crucial for companies to challenge themselves and unlock new possibilities, leading to true transformation [15] Purpose and Strategy - A company's purpose serves as an anchor, ensuring congruence and guiding strategic direction [8] - Companies should ask difficult questions and address internal discomfort to avoid stagnation and discover new paths [10][11] - Decisions made today determine the future of the company, emphasizing the importance of proactive adaptation [12][19] Employment and Innovation - While 80 million jobs were lost globally last year, 140 million new jobs were created, highlighting the dynamic nature of the job market [3] - Companies should emulate Netflix, which capitalized on crisis, innovated its business model, and constantly challenges the status quo [14]

Summary of American Airlines (AAL) FY Conference Call - May 22, 2025 Company Overview - **Company**: American Airlines (AAL) - **Event**: FY Conference Call - **Date**: May 22, 2025 Key Points Industry and Market Environment - The airline industry has not unfolded as expected in 2025, with demand trends stabilizing but at lower levels than anticipated [3][12][20] - The industry is experiencing a decline in Revenue per Available Seat Mile (RASM), indicating a softer pricing environment [8][12] - Demand has decreased significantly due to uncertainty in the market, impacting overall performance [12][14] Financial Performance and Outlook - American Airlines has reduced total debt by $16 billion since mid-2021, improving its balance sheet significantly [4][96] - The company expects to be profitable for the full year and generate free cash flow, even amidst current uncertainties [5][67] - Long-term outlook remains positive with expectations for margin expansion and meaningful free cash flow [6][67] Capacity and Demand Management - Capacity growth for American Airlines is projected to be modest, with low single-digit increases expected [11][54] - The company is closely monitoring demand trends and adjusting capacity accordingly to align with market conditions [54][56] - There is a focus on restoring capacity in key hubs, particularly in Chicago, which is crucial for the airline's network [58][60] Revenue Management and Performance - American Airlines has outperformed peers in unit revenue, particularly in international long-haul markets [23][25] - The airline is seeing a recovery in market share, with a goal to regain its previous levels by the end of the year [32][34] - The premium cabin segment is performing well, with plans to enhance premium seating configurations in the fleet [64][66] Fleet and Capital Expenditure - The airline has a fleet plan that allows for significant growth, with a capital requirement of $3.5 billion annually [99] - American Airlines has taken delivery of new aircraft, including high-premium models, to support growth in international markets [30][99] Cost Management - The airline is managing costs effectively, with guidance for mid-single-digit Cost per Available Seat Mile (CASM) for the year [70][72] - There are ongoing efforts to improve operational efficiency and reduce costs through various initiatives [71][75] Debt Reduction and Financial Goals - American Airlines successfully reduced total debt to just under $39 billion, with a target to bring it below $35 billion by the end of 2027 [96][97] - The company aims for a BB flat credit rating, contingent on expanding earnings [97][98] Conclusion - Despite a challenging year, American Airlines remains optimistic about its long-term prospects, focusing on network enhancements, fleet growth, and financial stability [98][99]