Air Canada ( AC:CA ) Q3 2025 Earnings Call November 5, 2025 8:00 AM EST Company Participants Valerie Durand - Head of Investor Relations & Corporate Sustainability Michael Rousseau - CEO, President & Director Mark Galardo - Executive VP, Chief Commercial Officer & President of Cargo John Di Bert - Executive VP & CFO Mark Nasr - Executive VP & COO Conference Call Participants Konark Gupta - Scotiabank Global Banking and Markets, Research Division Savanthi Syth - Raymond James & Associates, Inc., Research Division Daryl Young - Stifel Nicolaus Canada Inc., Research Division Thomas Fitzgerald - TD Cowen, Research Division Chris Murray - ATB Capital Markets Inc., Research Division James McGarragle - RBC Capital Markets, Research Division Alexander Augimeri - CIBC Capital Markets, Research Division Kyle Wenclawiak - Jefferies LLC, Research Division Andrew Didora - BofA Securities, Research Division Fadi Chamoun - BMO Capital Markets Equity Research Presentation Operator Ladies and gentlemen, thank you for standing by. My name is [ Krista ], and I will be your conference operator today.