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Consolidated statement of cash flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Operating activities      
Net profit $ 671,648 $ 608,114 $ 514,097
Adjustments for:      
Income tax expense 103,962 97,674 97,005
Finance cost 98,393 84,493 158,216
Finance income (62,592) (58,912) (50,208)
Depreciation and amortization 365,136 330,710 306,114
Disposal of non- financial assets (gains) losses, net (14,090) 2,907 847
Impairment of financial assets (455) (1,313) (201)
Share-based compensation expense 5,694 5,483 4,359
Unrealized (gains) losses in fair value of derivatives (1,252) (1,410) 98,347
Unrealized gain on investments (3,487) (5,894) (6,338)
Net foreign exchange differences 27,159 29,038 11,117
Provisions 22,151 (17,060) 0
Change in:      
Accounts receivable (30,424) (15,458) (27,558)
Other current assets (30,731) (1,720) (23,145)
Other assets 9,510 (11,167) (7,219)
Accounts payable (65,098) 46,783 19,367
Air traffic liability 115,721 10,039 (39,950)
Frequent flyer deferred revenue 23,520 7,249 13,289
Other liabilities 3,786 5,790 40,266
Cash from operating activities 1,238,551 1,115,346 1,108,405
Income tax paid (73,711) (115,721) (55,414)
Interest paid (68,167) (61,038) (50,931)
Interest received 53,763 58,262 42,726
Net cash from operating activities 1,150,436 996,849 1,044,786
Investing activities      
Acquisition of investments (1,060,647) (569,787) (644,909)
Proceeds from redemption and sale of investments 695,161 709,725 698,580
Advance payments on aircraft purchase contracts (251,430) 0 (200,000)
Reimbursement of advance payments on aircraft purchase contracts 144,924 160,302 228,111
Acquisition of property and equipment (815,726) (626,161) (600,175)
Proceeds from sale of property and equipment 163 12,958 5,095
Acquisition of intangible assets (30,921) (30,179) (29,697)
Net cash used in investing activities (1,318,476) (343,142) (542,995)
Financing activities      
Payment of convertible notes 0 0 (350,001)
Proceeds from new borrowings 552,200 414,587 428,310
Payments on loans and borrowings (254,616) (216,649) (152,254)
Payment of lease liability (59,089) (61,140) (79,999)
Repurchase of treasury shares (8,705) (87,308) (105,932)
Dividends paid (265,852) (269,139) (134,152)
Net cash used in financing activities (36,062) (219,649) (394,028)
Net (decrease) increase in cash and cash equivalents (204,102) 434,058 107,763
Cash and cash equivalents at January 1 613,313 206,375 122,424
Effect of exchange rate change on cash (26,657) (27,120) (23,812)
Cash and cash equivalents at December 31 $ 382,554 $ 613,313 $ 206,375