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Financial assets and liabilities (Tables) | 12 Months Ended
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Dec. 31, 2017
Financial assets and liabilities |
Schedule of financial assets |
|  | 2017 |  | 2016 |
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI) |  |  |  |  |
Jet fuel Asian call options |  | Ps. | 497,403 |  | Ps. | 867,809 |
Total financial assets |  | Ps. | 497,403 |  | Ps. | 867,809 |
Presented on the consolidated statements of financial position as follows: |  |  |  |  |
Current |  | Ps. | 497,403 |  | Ps. | 543,528 |
Non-current |  | Ps. | — |  | Ps. | 324,281 |
Schedule of short-term and long-term debt |
|  | 2017 |  | 2016 |
I. Revolving line of credit with Banco Santander México, S.A., Institución de Banca Múltiple, Grupo Financiero Santander (“Santander”) and Banco Nacional de Comercio Exterior, S.N.C. (“Bancomext”), in U.S. dollars, to finance pre-delivery payments, maturing on November 30, 2021, bearing annual interest rate at the three-month LIBOR plus a spread according to the contractual conditions of each disbursement in a range of 199 to 225 basis points. |  | Ps. | 2,528,388 |  | Ps. | 1,271,891 |
II. In December 2016, the Company entered into a short-term working capital facility with Banco Nacional de México S.A. (“Citibanamex”) in Mexican pesos, bearing annual interest rate at TIIE 28 days plus a spread according to the contractual conditions of each disbursement in a range of 20 to 80 basis points. |  | 948,354 |  | 406,330 |
III. In December 2016, the Company entered into a U.S. dollar denominated short-term working capital facility with Bank of America México S.A. Institución de Banca Múltiple (“Bank of America”) in U.S. dollars, bearing annual interest rate at the one-month LIBOR plus 160 basis points. |  | — |  | 309,960 |
IV. Accrued interest |  | 5,972 |  | 6,102 |
|  | 3,482,714 |  | 1,994,283 |
Less: Short-term maturities |  | 2,403,562 |  | 1,051,237 |
Long-term |  | Ps. | 1,079,152 |  | Ps. | 943,046 |
Summary of scheduled principal payments of financial debt and accrued interest |
|  | 2018 |  | 2019 |  | 2020 |  | 2021 |  | Total |
Finance debt denominated in foreign currency: |  |  |  |  |  |  |  |  |  |  |
Santander/Bancomext |  | Ps. | 1,452,826 |  | Ps. | 670,388 |  | Ps. | 333,303 |  | Ps. | 75,461 |  | Ps. | 2,531,978 |
Citibanamex |  | 950,736 |  | — |  | — |  | — |  | 950,736 |
Total |  | Ps. | 2,403,562 |  | Ps. | 670,388 |  | Ps. | 333,303 |  | Ps. | 75,461 |  | Ps. | 3,482,714 |
Schedule of changes in liabilities from financing activities |
|  | January 1, 2017 |  | Net cash flows |  | Foreign exchange movement |  | Current vs non current reclassification and other |  | December, 31, 2017 |
Current interest- bearing loans and borrowings |  | Ps. | 1,051,237 |  | Ps. | 419,350 |  | Ps. | 25,924 |  | Ps. | 907,051 |  | Ps. | 2,403,562 |
Non-current interest - bearing loans and borrowings |  | 943,046 |  | 1,093,808 |  | (50,521 | ) | (907,181 | ) | 1,079,152 |
Total liabilities from financing activities |  | Ps. | 1,994,283 |  | Ps. | 1,513,158 |  | Ps. | (24,597 | ) | Ps. | (130 | ) | Ps. | 3,482,714 |
|  | January 1, 2016 |  | Net cash flows |  | Foreign exchange movement |  | Current vs non current reclassification and other |  | December, 31, 2016 |
Current interest- bearing loans and borrowings |  | Ps. | 1,371,202 |  | Ps. | (753,897 | ) | Ps. | 121,271 |  | Ps. | 312,661 |  | Ps. | 1,051,237 |
Non-current interest - bearing loans and borrowings |  | 219,817 |  | 938,681 |  | 98,450 |  | (313,902 | ) | 943,046 |
Total liabilities from financing activities |  | Ps. | 1,591,019 |  | Ps. | 184,874 |  | Ps. | 219,721 |  | Ps. | (1,241 | ) | Ps. | 1,994,283 |
Schedule of other financial liabilities |
|  | 2017 |  | 2016 |
Derivative financial instruments designated as CFH (effective portion recognized within OCI): |  |  |  |  |
Interest rate swap contracts |  | Ps. | — |  | Ps. | 14,144 |
Total financial liabilities |  | Ps. | — |  | Ps. | 14,144 |
Presented on the consolidated statements of financial position as follows: |  |  |  |  |
Current |  | Ps. | — |  | Ps. | 14,144 |
Non-current |  | Ps. | — |  | Ps. | — |

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