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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Major components of tax expense (income) [abstract]  
Summary of Income Tax Expense
202320222021
Current taxes expense -
Current period$(76,630)$(45,561)$(8,892)
Adjustment for prior period18 626 2,397 
$(76,612)$(44,935)$(6,495)
Deferred taxes expenses -
Origination and reversal of temporary differences(20,393)4,759 (3,991)
Total income tax$(97,005)$(40,176)$(10,486)
Summary of Balances of Deferred Taxes
The balances of deferred taxes are as follows:
Statement
of financial position		Statement of
profit or loss
20232022202320222021
Deferred tax liabilities
Maintenance deposits$(5,972)$(11,945)$(5,973)$(5,973)$(5,973)
Prepaid dividend tax(30,984)(5,801)25,183 3,798 2,003 
Property and equipment389 944 555 558 606 
Right of use assets(17,136)— 17,136 — — 
Other(1,385)(1,738)(353)(141)379 
Set off tax18,719 1,969 (16,750)(453)(423)
$(36,369)$(16,571)$19,798 $(2,211)$(3,408)
Deferred tax assets
Provision for return conditions$11,521 $9,807 $(1,714)$(1,243)$4,101 
Air traffic liability2,089 2,686 597 (224)24 
Lease Liability18,971 — (18,971)— — 
Other provisions3,849 1,946 (1,903)161 (1,485)
Tax loss12,437 18,273 5,836 (1,695)4,336 
Set off tax(18,719)(1,969)16,750 453 423 
$30,148 $30,743 $595 $(2,548)$7,399 
$(6,221)$14,172 $20,393 $(4,759)$3,991 
Summary of Reconciliation of Effective Tax Rate
Reconciliation of the effective tax rate is as follows:
Tax rate
2023
Tax rate
2022
Tax rate
2021
Net profit $514,097 $348,054 $43,844 
Total income tax expense97,005 40,176 10,486 
Profit excluding income tax611,102 388,230 54,330 
Income taxes at Panamanian statutory rates25.0 %152,776 25.0 %97,057 25.0 %13,583 
Stations - Taxable / Panama(10.2 %)(62,113)(16.8 %)(65,384)15.4 %8,379 
Stations - Taxable / Non Panama(0.7 %)(4,414)0.2 %945 10.3 %5,605 
Stations - Non Taxable / Non Panama(1.1 %)(6,483)(2.3 %)(8,961)(27.0 %)(14,684)
Dividend tax2.8 %17,257 4.4 %17,145 — %— 
Over provided in prior periods— %(18)(0.1 %)(626)(4.4 %)(2,397)
Provision for income taxes15.9 %$97,005 10.4 %$40,176 19.3 %$10,486