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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2024
Major components of tax expense (income) [abstract]  
Summary of Income Tax Expense
202420232022
Current taxes expense -
Current period$(87,431)$(76,630)$(45,561)
Adjustment for prior period263 18 626 
$(87,168)$(76,612)$(44,935)
Deferred taxes expenses -
Origination and reversal of temporary differences(10,506)(20,393)4,759 
Total income tax$(97,674)$(97,005)$(40,176)
Summary of Balances of Deferred Taxes
The balances of deferred taxes are as follows:
Statement
of financial position		Statement of
profit or loss
20242023202420232022
Deferred tax liabilities
Maintenance deposits$— $(5,972)$(5,972)$(5,973)$(5,973)
Prepaid dividend tax(36,992)(30,984)6,008 25,183 3,798 
Property and equipment(300)389 689 555 558 
Right of use assets(18,900)(17,136)1,764 17,136 — 
Other(4,495)(1,385)3,110 (353)(141)
Offsetting tax23,211 18,719 (4,492)(16,750)(453)
$(37,476)$(36,369)$1,107 $19,798 $(2,211)
Deferred tax assets
Provision for return conditions$11,140 $11,521 $381 $(1,714)$(1,243)
Air traffic liability1,046 2,089 1,043 597 (224)
Lease Liability21,486 18,971 (2,515)(18,971)— 
Other provisions5,334 3,849 (1,485)(1,903)161 
Tax loss4,954 12,437 7,483 5,836 (1,695)
Offsetting tax(23,211)(18,719)4,492 16,750 453 
$20,749 $30,148 $9,399 $595 $(2,548)
$(16,727)$(6,221)$10,506 $20,393 $(4,759)
Summary of Reconciliation of Effective Tax Rate
Reconciliation of the effective tax rate is as follows:
Tax rate
2024
Tax rate
2023
Tax rate
2022
Net profit $608,114 $514,097 $348,054 
Total income tax expense97,674 97,005 40,176 
Profit excluding income tax705,788 611,102 388,230 
Income taxes at Panamanian statutory rates25.0 %176,447 25.0 %152,776 25.0 %97,057 
Stations - Taxable / Panama(15.2 %)(107,360)(10.2 %)(62,113)(16.8 %)(65,384)
Stations - Taxable / Non Panama0.6 %4,163 (0.7 %)(4,414)0.2 %945 
Stations - Non Taxable / Non Panama(1.0 %)(6,808)(1.1 %)(6,483)(2.3 %)(8,961)
Dividend tax4.5 %31,495 2.8 %17,257 4.4 %17,145 
Over provided in prior periods— %(263)— %(18)(0.1 %)(626)
Provision for income taxes13.8 %$97,674 15.9 %$97,005 10.4 %$40,176