Central banks take center stage with the ecb meeting in september. Then the biggie, the fed decision september 18th. Are we heading into a september to remember or a fall to forget . Guy. Cant it be both . Because i think people will remember september in the fall to forget. And want to forget it. Right in this case the answer to your question is both welcome to jeff mills. Look, it made sense to me that the market rallied this week end of the month, people wait for the long Holiday Weekend i get it we talked about it earlier in the week but i believe that the next couple of weeks will be as dicey a period for the market as weve seen in some time. I still think the market selloff will culminate with the vix around 31. The vix on a benign tape today, rallied on a friday which i find interesting. I think were in for serious headwinds. You could have the president over the weekend say, you know what, president xi and i had a beautiful conversation and were going to delay the tariffs and m
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Copa Holdings First Quarter Earnings Call. [Operator Instructions] As a reminder, this call is being webcast and recorded on May 6, 2021.
Now I will turn the conference over to Raul Pascual, Director of Investor Relations. Sir, you may begin.
Raul Pascual
Director of Investor Relations
Thank you, Tamika, and welcome, everyone, to our first quarter earnings call. Joining us today are Pedro Heilbron, CEO of Copa Holdings; and Jose Montero, our CFO. First, Pedro will start by going over our first quarter highlights and the actions the company has taken to mitigate the impact from the COVID-19 pandemic, followed by Jose, who will discuss our first quarter financial results in detail. Immediately after, we ll open the call for questions from analysts. Copa Holdings financial reports have been prepared in accordance with International Financial Reporting Standards.