XML 57 R43.htm IDEA: XBRL DOCUMENT v3.25.1
Revenue from contract with customers (Tables)
12 Months Ended
Dec. 31, 2024
Disclosure of disaggregation of revenue from contracts with customers [abstract]  
Summary of Disaggregated 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 
Summary of Changes in Contract Liabilities
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 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 
Summary of Operating Revenue by Principal Geographic Area 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