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Revenue from contract with customers
 12 Months Ended
Dec. 31, 2024
Disclosure of disaggregation of revenue from contracts with customers [abstract]  
Revenue from contract with customers
7. Revenue from contract with customers
7.1    Revenue disaggregation
Operating revenues are comprised of passenger revenues, cargo and mail, and other operating revenues. The following table shows disaggregated operating revenues for the years ended as December 31, 2024, 2023 and 2022.
202420232022
Passenger revenue
Passenger revenue$3,220,718 $3,263,764 $2,793,420 
Miles redeemed72,643 52,597 31,299 
3,293,361 3,316,361 2,824,719 
Cargo and mail revenue100,507 97,105 101,765 
Total passenger and cargo and mail revenue 3,393,868 3,413,466 2,926,484 
Other operating revenue
Frequent flyer program - marketing services47,844 37,930 28,396 
Other operating revenue4,486 5,608 10,153 
52,330 43,538 38,549 
$3,446,198 $3,457,004 $2,965,033 
7.2    Contract balances
The significant contract liabilities are comprised of ticket sales for transportation that has not yet been provided, recorded as “Air traffic liability” and outstanding loyalty program miles that may be redeemed for future travel, recorded as “Frequent flyer deferred revenue”.
The table below presents the changes in air traffic liability:
20242023
Balance at beginning of year$611,856 $651,805 
Sales3,843,468 3,722,763 
Revenue recognition(3,083,778)(3,076,635)
Tax recognition(587,551)(547,206)
Reimbursements(119,844)(84,033)
Interline tickets(35,485)(52,675)
Other(6,771)(2,163)
Balance at end of year$621,895 $611,856 
The contract duration of passenger tickets is one year. Accordingly, any revenue associated with tickets sold for future travel dates will be recognized within twelve months. The table below presents the activity of the current and non-current frequent flyer liability:
20242023
Balance at beginning of year$124,816 $111,526 
Deferred of revenue79,892 65,887 
Recognition of revenue(72,643)(52,597)
Balance at end of year$132,065 $124,816 
Current59,449 55,062 
Non-current72,616 69,754 
$132,065 $124,816 
Contract assets are reflected as accounts receivable. See note 10.
7.3    Segment reporting
The Company’s business activities are conducted as one operating segment – Air transportation (that includes cargo and mail revenue), the reporting results of which are regularly reviewed by management for purposes of analyzing its performance and making decisions about resource allocations. Information concerning operating revenue by geographic area for the period ended December 31 is as follows:
202420232022
North America$1,375,018 $1,328,504 $957,730 
South America1,219,893 1,233,362 1,094,450 
Central America747,871 796,679 819,534 
Caribbean51,086 54,921 54,770 
$3,393,868 $3,413,466 $2,926,484 
The Company attributes revenue to the geographic areas based on point of sales. Our tangible assets and capital expenditures consist primarily of flight and related ground support equipment, which is mobile across geographic markets and, therefore, has not been allocated.