XML 158 R81.htm IDEA: XBRL DOCUMENT v3.24.0.1
FINANCIAL RISK MANAGEMENT - Narrative (Details)
 12 Months Ended
Dec. 31, 2023
USD ($)
debtInstrument
cluster
$ / bbl
Dec. 31, 2022
USD ($)
Nov. 03, 2022
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Financial Risk Management [Line Items]          
Parallel movement (usd per barrel) | $ / bbl 5        
Vertical drop value $ 5        
Lower fuel cost 131,600,000        
Vertical rise value 5        
Higher fuel costs 131,300,000        
Non hedging derivative net of premiums $ 0 $ 1,800,000      
Exchange rate, percentage 10.00%        
Loss on hedge ineffectiveness recognised in profit or loss $ 100,000        
Number of operational activities clusters | cluster 4        
Concentration of scheduled commercial traffic 90.00%        
Percentage covered by credit card administrators 100.00%        
Number of credit facilities | debtInstrument 2        
Borrowings $ 6,936,188,000 6,781,880,000 $ 6,800,000,000 $ 10,396,482,000 $ 10,853,860,000
Derivative margins 11,000,000.0 7,500,000      
Fuel-Price Risk | Fair Value Of Fuel Price Derivatives          
Financial Risk Management [Line Items]          
Fuel hedge net of premiums 15,700,000 18,800,000      
Liquidity Risk          
Financial Risk Management [Line Items]          
Market value of the fuel positions 22,100,000 12,600,000      
Liquid funds 1,715,000,000 1,217,000,000      
Liquidity Risk | Revolving Credit Facility          
Financial Risk Management [Line Items]          
Borrowings 1,100,000,000        
Liquidity Risk | Revolving Credit Facility 1          
Financial Risk Management [Line Items]          
Borrowings 600,000,000        
Liquidity Risk | Revolving Credit Facility 2          
Financial Risk Management [Line Items]          
Borrowings 500,000,000        
Exchange Rate Risk          
Financial Risk Management [Line Items]          
Gains (losses) net of premiums (10,100,000) 5,200,000      
FX          
Financial Risk Management [Line Items]          
Market value of the fuel positions (1,500,000) 200,000      
Current hedging amount $ 414,000,000 $ 108,000,000      
Fluctuations In Interest Rates          
Financial Risk Management [Line Items]          
Interest rate derivative positions 50.00% 52.00%      
Cumulative Translation Adjustment          
Financial Risk Management [Line Items]          
Depreciate exchange rate 10.00%        
Interest Rate Risk          
Financial Risk Management [Line Items]          
Losses for premiums paid $ 1,800,000        
Value of interest rate derivative positions amounted 0 $ 8,800,000      
Interest Rate Risk | Right of use          
Financial Risk Management [Line Items]          
Settlement of derivative amount 14,900,000 $ 100,000      
Depreciation expense of the right-of-use 1,100,000        
Interest Rate Risk | Leased aircraft          
Financial Risk Management [Line Items]          
Settlement of derivative amount $ 14,800,000        
Credit Risk          
Financial Risk Management [Line Items]          
Risk exposure 24.00%        
Sales Risk          
Financial Risk Management [Line Items]          
Risk exposure 22.00%        
Credit Card Risk          
Financial Risk Management [Line Items]          
Risk exposure 29.00%        
Cash Sales Risk          
Financial Risk Management [Line Items]          
Risk exposure 9.00%        
Cargo Business Risk          
Financial Risk Management [Line Items]          
Risk exposure (5.00%)        
Expect Credit Loss Risk          
Financial Risk Management [Line Items]          
Risk exposure (4.00%)        
Bottom of range          
Financial Risk Management [Line Items]          
Exposure term granted for remittances 1 day        
Top of range          
Financial Risk Management [Line Items]          
Exposure term granted for remittances 45 days