XML 52 R38.htm IDEA: XBRL DOCUMENT
v3.8.0.1

Description of the business and summary of significant accounting policies (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2017
Description of the business and summary of significant accounting policies |
Schedule of companies included in the consolidated financial statements |
|  | Principal |  |  |  | % Equity interest |
Name |  | Activities |  | Country |  | 2017 |  | 2016 |
Concesionaria |  | Air transportation services for passengers, cargo and mail throughout Mexico and abroad |  | Mexico |  | 100 | % | 100 | %
Volaris Costa Rica |  | Air transportation services for passengers, cargo and mail in Costa Rica and abroad |  | Costa Rica |  | 100 | % | 100 | %
Vuela, S.A. (“Vuela”)* |  | Air transportation services for passengers, cargo and mail in Guatemala and abroad |  | Guatemala |  | 100 | % | 100 | %
Comercializadora Volaris, S.A. de C.V. |  | Merchandising of services |  | Mexico |  | 100 | % | 100 | %
Servicios Earhart, S.A.* |  | Recruitment and payroll |  | Guatemala |  | 100 | % | 100 | %
Servicios Corporativos Volaris, S.A. de C.V. (“Servicios Corporativos”) |  | Recruitment and payroll |  | Mexico |  | 100 | % | 100 | %
Servicios Administrativos Volaris, S.A. de C.V (“Servicios Administrativos”) |  | Recruitment and payroll |  | Mexico |  | 100 | % | 100 | %
Operaciones Volaris, S.A. de C.V (“Operaciones Volaris”)(1) |  | Recruitment and payroll |  | Mexico |  | 100 | % | 100 | %
Deutsche Bank México, S.A., Trust 1710 |  | Pre-delivery payments financing (Note 5) |  | Mexico |  | 100 | % | 100 | %
Deutsche Bank México, S.A., Trust 1711 |  | Pre-delivery payments financing (Note 5) |  | Mexico |  | 100 | % | 100 | %
Irrevocable Administrative Trust number F/307750 “Administrative Trust” |  | Share administration trust (Note 17) |  | Mexico |  | 100 | % | 100 | %
Irrevocable Administrative Trust number F/745291 |  | Share administration trust (Note 17) |  | Mexico |  | 100 | % | 100 | %
*The Company has not started operations in Guatemala.
| (1) |  | With effect from August 3, 2016, the name of the Company was changed from Servicios Operativos Terrestres Volaris, S.A. de C.V. to Operaciones Volaris, S.A. de C.V.
Schedule of non-ticket revenues |
|  | For the years ended December 31, |
|  | 2017 |  | 2016 |  | 2015 |
Air travel-related services |  | Ps. | 6,293,747 |  | Ps. | 5,055,836 |  | Ps. | 3,418,654 |
Non-air travel-related services |  | 589,338 |  | 494,864 |  | 441,393 |
Cargo |  | 170,973 |  | 171,621 |  | 189,292 |
Total non-ticket revenues |  | Ps. | 7,054,058 |  | Ps. | 5,722,321 |  | Ps. | 4,049,339 |
Schedule of depreciation rates |
|  | Annual depreciation rate |
Aircraft parts and rotable spare parts |  | 8.3-16.7% |
Aircraft spare engines |  | 4.0-8.3% |
Standardization |  | Remaining contractual lease term |
Computer equipment |  | 25% |
Communications equipment |  | 10% |
Office furniture and equipment |  | 10% |
Electric power equipment |  | 10% |
Workshop machinery and equipment |  | 10% |
Service carts on board |  | 20% |
Leasehold improvements to flight equipment |  | The shorter of: (i) remaining contractual lease term, or (ii) the next major maintenance event |
Schedule of exchange rates of local currencies translated to functional currencies |
|  |  |  |  |  | Exchange rates of local currencies translated to functional currencies |  | Exchange rates of local currencies translated to functional currencies |
Country |  | Local currency |  | Functional currency |  | Average exchange rate for 2017 |  | Exchange rate as of 2017 |  | Average exchange rate for 2016 |  | Exchange rate as of 2016 |
Costa Rica |  | Colon |  | U.S. dollar |  | ₵. | 572.2000 |  | ₵. | 572.5600 |  | ₵. | 564.3332 |  | ₵. | 561.1000 |
Guatemala |  | Quetzal |  | U.S. dollar |  | Q. | 7.3509 |  | Q. | 7.3448 |  | Q. | 7.4931 |  | Q. | 7.5221 |

X
- Definition The disclosure of depreciation and amortisation expense. [Refer: Depreciation and amortisation expense] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2017-01-01 -Paragraph 10 -Subparagraph e -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=1&date=2017-03-01&anchor=para_10_e&doctype=Standard -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfDepreciationAndAmortisationExpenseExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of subsidiaries. [Refer: Subsidiaries [member]] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2017-01-01 -Paragraph 17 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2017-03-01&anchor=para_17_b&doctype=Standard -URIDate 2017-03-09 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 27 -IssueDate 2017-01-01 -Paragraph 16 -Subparagraph b -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IAS&num=27&date=2017-03-01&anchor=para_16_b&doctype=Standard -URIDate 2017-03-09 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 12 -IssueDate 2017-01-01 -Paragraph B4 -Subparagraph a -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=12&date=2017-03-01&anchor=para_B4_a&doctype=Appendix&seq=2 -URIDate 2017-03-09 + Details
Name: | ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition na + References No definition available. + Details
Name: | vlrs_DescriptionOfBusinessAndSummaryOfSignificantAccountingPoliciesAbstract
Namespace Prefix: | vlrs_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of exchange rates. + References No definition available. + Details
Name: | vlrs_DisclosureOfExchangeRatesTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of non-ticket revenue. + References No definition available. + Details
Name: | vlrs_DisclosureOfNonTicketRevenueTableTextBlock
Namespace Prefix: | vlrs_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration