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Consolidated statement of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Operating activities      
Net (loss) profit $ (607,062) $ 247,002 $ 88,198
Adjustments for:      
Income tax expense (23,717) 46,437 34,530
Finance cost 73,045 57,432 50,825
Finance income (19,963) (24,405) (23,628)
Depreciation and amortization 259,336 282,080 276,563
Impairment of non finacial assets 243,097 89,344 188,624
Disposal of non financial assets 4,635 3,850 3,746
Impairment of financial assets 1,570 483 1,409
Allowance for obsolescence of expendable parts and supplies 47 164 159
Share-based compensation expense 5,263 6,149 7,145
Net change in fair value of derivatives 107,139 0 0
Net foreign exchange differences 44,328 45,086 42,536
Change in:      
Accounts receivable 71,625 (17,054) (3,150)
Accounts receivable from related parties (1,282) 76 95
Other current assets 11,148 15,653 (50,241)
Other assets 8,895 20,678 (5,669)
Accounts payable (55,718) (2,984) 8,270
Accounts payable from related parties (11,116) (587) 2,584
Air traffic liability (26,679) 25,698 (5,492)
Frequent flyer deferred revenue 10,887 12,512 17,502
Other liability (36,975) 48,400 (24,515)
Cash from operating activities 58,503 856,014 609,491
Income tax paid (37,631) (42,999) (38,698)
Interest paid (41,938) (52,234) (49,317)
Interest received 26,343 24,102 21,537
Net cash from operating activities 5,277 784,883 543,013
Investing activities      
Acquisition of investments (904,570) (711,045) (711,840)
Proceeds from redemption of investments 840,627 589,602 775,504
Advance payments on aircraft purchase contracts and other 0 (75,428) (216,732)
Reimbursement of advance payments on aircraft purchase contracts 0 48,262 152,651
Acquisition of property and equipment (44,065) (62,397) (118,997)
Proceeds from sale of property and equipment 30,666 43,603 0
Acquisition of intangible assets (16,419) (25,465) (30,182)
Net cash used in investing activities (93,761) (192,868) (149,596)
Financing activities      
Proceeds from issue of convertible notes, net of costs 342,898 0 0
Proceeds from new borrowings 145,000 95,000 225,000
Payments on loans and borrowings (267,086) (426,827) (401,333)
Payment of lease liability (93,213) (103,069) (106,254)
Dividends paid (33,990) (110,438) (147,604)
Net cash from (used) in financing activities 93,609 (545,334) (430,191)
Net increase (decrease) in cash and cash equivalents 5,125 46,681 (36,774)
Cash and cash equivalent at Beginning value 158,732 156,158 238,792
Effect of exchange rate change on cash (44,792) (44,107) (45,860)
Cash and cash equivalent at Ending balance $ 119,065 $ 158,732 $ 156,158