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Financial instruments and risk management (Tables) | 12 Months Ended
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Dec. 31, 2017
Financial instruments and risk management |
Schedule of notional amounts and strike prices of derivative financial instruments |
|  | Position as of December 31, 2017 |
|  | Jet fuel Asian call option contracts maturities |
|  | 1 Half 2018 |  | 2 Half 2018 |  | 2018 Total |
Jet fuel risk |  |  |  |  |  |  |
Notional volume in gallons (thousands)* |  | 69,518 |  | 61,863 |  | 131,381 |
Strike price agreed rate per gallon (U.S. dollars)** |  | US$ | 1.6861 |  | US$ | 1.8106 |  | US$ | 1.7447 |
Approximate percentage of hedge (of expected consumption value) |  | 60 | % | 50 | % | 55 | %
* US Gulf Coast Jet 54 as underlying asset ** Weighted average
|  | Position as of December 31, 2016 |
|  | Jet fuel Asian call option contracts maturities |
|  | 1 Half 2017 |  | 2 Half 2017 |  | 2017 Total |  | 1 Half 2018 |  | 3Q 2018 |  | 2018 Total |
Jet fuel risk |  |  |  |  |  |  |  |  |  |  |  |  |
Notional volume in gallons (thousands)* |  | 55,436 |  | 63,362 |  | 118,798 |  | 62,492 |  | 7,746 |  | 70,238 |
Strike price agreed rate per gallon (U.S. dollars)** |  | US$ | 1.6245 |  | US$ | 1.4182 |  | US$ | 1.5145 |  | US$ | 1.6508 |  | US$ | 1.5450 |  | US$ | 1.6392 |
Approximate percentage of hedge (of expected consumption value) |  | 51 | % | 53 | % | 52 | % | 45 | % | 10 | % | 24 | %
* US Gulf Coast Jet 54 as underlying asset ** Weighted average
Schedule of foreign exchange on and off-balance sheet exposure |
|  | Thousands of U.S. dollars |
|  | 2017 |  | 2016 |
Assets: |  |  |  |  |
Cash and cash equivalents |  | US$ | 344,038 |  | US$ | 297,565 |
Other accounts receivable |  | 13,105 |  | 11,619 |
Aircraft maintenance deposits paid to lessors |  | 352,142 |  | 343,787 |
Deposits for rental of flight equipment |  | 25,343 |  | 30,025 |
Derivative financial instruments |  | 25,204 |  | 41,996 |
Total assets |  | 759,832 |  | 724,992 |
Liabilities: |  |  |  |  |
Financial debt (Note 5) |  | 128,296 |  | 76,789 |
Foreign suppliers |  | 53,729 |  | 56,109 |
Taxes and fees payable |  | 10,304 |  | 6,874 |
Derivative financial instruments |  | — |  | 684 |
Total liabilities |  | 192,329 |  | 140,456 |
Net foreign currency position |  | US$ | 567,503 |  | US$ | 584,536 |
|  | Thousands of U.S. dollars |
|  | 2017 |  | 2016 |
Off-balance sheet transactions exposure: |  |  |  |  |
Aircraft and engine operating lease payments (Note 14) |  | US$ | 1,856,909 |  | US$ | 1,727,644 |
Aircraft and engine commitments (Note 23) |  | 1,123,377 |  | 315,326 |
Total |  | US$ | 2,980,286 |  | US$ | 2,042,970 |
Schedule of contractual principal payments required on financial liabilities and derivative instruments fair value |
|  | December 31, 2017 |
|  | Within one year |  | One to five years |  | Total |
Interest-bearing borrowings: |  |  |  |  |  |  |
Pre-delivery payments facilities (Note 5) |  | Ps. | 1,449,236 |  | Ps. | 1,079,152 |  | Ps. | 2,528,388 |
Short-term working capital facilities (Note 5) |  | 948,354 |  | — |  | 948,354 |
Total |  | Ps. | 2,397,590 |  | Ps. | 1,079,152 |  | Ps. | 3,476,742 |
|  | December 31, 2016 |
|  | Within one year |  | One to five years |  | Total |
Interest-bearing borrowings: |  |  |  |  |  |  |
Pre-delivery payments facilities (Note 5) |  | Ps. | 328,845 |  | Ps. | 943,046 |  | Ps. | 1,271,891 |
Short-term working capital facilities (Note 5) |  | 716,290 |  | — |  | 716,290 |
Derivative financial instruments: |  |  |  |  |  |  |
Interest rate swaps contracts |  | 14,144 |  | — |  | 14,144 |
Total |  | Ps. | 1,059,279 |  | Ps. | 943,046 |  | Ps. | 2,002,325 |

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