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Income taxes (Tables)
 12 Months Ended
Dec. 31, 2025
Major components of tax expense (income) [abstract]  
Summary of Income Tax Expense
202520242023
Current taxes expense -
Current period$(82,005)$(87,431)$(76,630)
Adjustment for prior period660 263 18 
$(81,345)$(87,168)$(76,612)
Deferred taxes expenses -
Origination and reversal of temporary differences(22,617)(10,506)(20,393)
Total income tax$(103,962)$(97,674)$(97,005)
Summary of Balances of Deferred Taxes
The balances of deferred taxes are as follows:
Statement
of financial position		Statement of
profit or loss
20252024202520242023
Deferred tax liabilities
Maintenance deposits$— $— $— $(5,972)$(5,973)
Prepaid dividend tax(59,217)(36,992)22,225 6,008 25,183 
Property and equipment— (300)(300)689 555 
Right of use assets(17,772)(18,900)(1,128)1,764 17,136 
Other(1,132)(4,495)(3,363)3,110 (353)
Offsetting tax18,904 23,211 4,307 (4,492)(16,750)
$(59,217)$(37,476)$21,741 $1,107 $19,798 
Deferred tax assets
Provision for return conditions$12,921 $11,140 $(1,781)$381 $(1,714)
Air traffic liability1,197 1,046 (151)1,043 597 
Lease Liability20,826 21,486 660 (2,515)(18,971)
Other provisions3,833 5,334 1,501 (1,485)(1,903)
Tax loss— 4,954 4,954 7,483 5,836 
Offsetting tax(18,904)(23,211)(4,307)4,492 16,750 
$19,873 $20,749 $876 $9,399 $595 
$(39,344)$(16,727)$22,617 $10,506 $20,393 
Summary of Reconciliation of Effective Tax Rate
Reconciliation of the effective tax rate is as follows:
Tax rate
2025
Tax rate
2024
Tax rate
2023
Net profit $671,648 $608,114 $514,097 
Total income tax expense103,962 97,674 97,005 
Profit excluding income tax775,610 705,788 611,102 
Income taxes at Panamanian statutory rates25.0%193,903 25.0%176,447 25.0%152,776 
Stations - Taxable / Panama(12.0%)(93,413)(15.2%)(107,360)(10.2%)(62,113)
Stations - Taxable / Non Panama0.3%2,672 0.6%4,163 (0.7%)(4,414)
Stations - Non Taxable / Non Panama(2.0%)(15,326)(1.0%)(6,808)(1.1%)(6,483)
Dividend tax2.2%16,786 4.5 %31,495 2.8%17,257 
Over provided in prior periods(0.1%)(660)—%(263)0.0%(18)
Provision for income taxes13.4%$103,962 13.8%$97,674 15.9%$97,005