Earnings Call Excerpt
Discovery Air Inc. (DA.A)
F3Q08 (Qtr End 10/31/07) Earnings Call
December 13, 2007 11.00 am ET
Executives
David Taylor – President, Chairman and Chief Executive Officer
Rick Jankura – Chief Financial Officer
Shawn Clarke – Chief Operating Officer
Analysts
Greg McLeish – GMP Securities
Scott Kaplanis - Macquarie Securities
John Grandy – Westwinds Partners
Greg Colman - Wellington West Capital Markets
Stephen Gould – EAU Claire Securities
Jaques Kavafian - Research Capital
Cameron Doerksen - Versant Partners
Bert Griffin - Berkshire Securities
Presentation
Operator
Good afternoon ladies and gentlemen, thank you for standing by. Welcome to the Discovery Air Inc. third quarter 2008 results conference call. (Operator instructions) I will now turn the conference over to David Taylor, President, Chief Executive Officer and Chairman. Please go ahead.
David Taylor
Good afternoon ladies and gentlemen. We certainly appreciate you taking the time today to join us for Discovery Air’s fiscal 2008 third quarter conference call. Joining me today are Discovery Air’s Chief Financial Officer, Rick Jankura as well as Discovery Air’s Chief Operating Officer, Shawn Clarke. My intention this afternoon is to provide you with a brief overview of the business activities of Discovery Air’s operating subsidiaries over the corporation’s fiscal third quarter which commenced August 1st 2007. Following this I will hand the call over to Mr. Jankura who will provide you with an overview of the corporation’s third quarter financial performance.
In order to facilitate an organized question period and to ensure that all parties have equal opportunity to participate, we will allow each participant one question plus a single follow-up question before the moderator will proceed to the next caller. If you have additional questions the moderator will place you at the end of the queue. We will be pleased to address your subsequent questions once those callers who are in the queue ahead of you have had the opportunity to ask their questions.
Now I will ask Tammy Aston who’s our corporate counsel to read the?
Tammy Aston
Forward-looking statements? There may be statements made from time to time which relate to the future and are forward-looking statements. By their very nature, forward-looking statements involve inherent risk and uncertainties, both general and specific and risks exist that predictions, forecasts, projections and other forward-looking statements will not be achieved. Participants are cautioned not to place undue reliance on these forward-looking statements as a number of important factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include, but are not limited to, our ability to secure operating contracts; the strength of the Canadian economy in general and the strength of the local economies within Canada in which we conduct operations; the effects of changes in interest rates; the effects of competition in the markets in which we operate; inflation; capital market fluctuations; the impact of changes in the laws and regulations regulating aviation services; changes in tax laws; technological changes; unexpected judicial or regulatory proceedings; weather conditions in the geographical regions in which we operate; and our anticipation of and success in managing the risks implicated by the foregoing.
- To read the full transcript on Seeking Alpha, click here »
