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Financial assets and liabilities (Tables) | 12 Months Ended
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Dec. 31, 2018
Financial assets and liabilities |
Schedule of financial assets |
|  | 2018 |  | 2017 |  | 2016
Derivative financial instruments designated as cash flow hedges (effective portion recognized within OCI) |  |  |  |  |  |  |  |  |
Jet fuel Asian call options |  | Ps. | 48,199 |  | Ps. | 497,403 |  | Ps. | 867,809
Foreign currency forward contracts |  |  | 14,241 |  |  | — |  |  | —
Total financial assets |  | Ps. | 62,440 |  | Ps. | 497,403 |  |  | 867,809
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |  |  |  |
Current |  | Ps. | 62,440 |  | Ps. | 497,403 |  |  | 543,528
Non-current |  | Ps. | — |  | Ps. | — |  | Ps. | 324,281
Schedule of short-term and long-term debt |
|  |  | 2018 |  | 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 May 31, 2022, bearing annual interest rate at the three-month LIBOR plus a spread of 260 basis points. |  | Ps. | 3,045,574 |  | 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 90 basis points. |  |  | 461,260 |  |  | 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 |  |  | 16,364 |  |  | 5,972 |  |  | 6,102
|  |  |  | 3,523,198 |  |  | 3,482,714 |  |  | 1,994,283
| Less: Short-term maturities |  |  | 1,212,259 |  |  | 2,403,562 |  |  | 1,051,237
| Long-term |  | Ps. | 2,310,939 |  | Ps. | 1,079,152 |  | Ps. | 943,046
TIIE: Mexican interbank rate
Summary of scheduled principal payments of financial debt and accrued interest |
|  | 2019 |  | 2020 |  | 2021 |  | 2022 |  | Total
Finance debt denominated in foreign currency: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Santander/Bancomext |  | Ps. | 748,865 |  | Ps. | 1,508,757 |  | Ps. | 777,095 |  | Ps. | 25,087 |  | Ps. | 3,059,804
Citibanamex |  |  | 463,394 |  |  | — |  |  | — |  |  | — |  |  | 463,394
Total |  | Ps. | 1,212,259 |  | Ps. | 1,508,757 |  | Ps. | 777,095 |  | Ps. | 25,087 |  | Ps. | 3,523,198
Schedule of changes in liabilities from financing activities |
|  |  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | current |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | reclassification |  | December, 31,
|  | 2018 |  | Flows |  | Interest |  | movement |  | and other |  | 2018
Current interest-bearing loans and borrowings |  | Ps. | 2,403,562 |  | Ps. | (793,363) |  | Ps. | 10,392 |  | Ps. | 71,380 |  | Ps. | (479,712) |  | Ps. | 1,212,259
Non-current interest -bearing loans and borrowings |  |  | 1,079,152 |  |  | 808,620 |  |  | — |  |  | (56,945) |  |  | 480,112 |  |  | 2,310,939
Total liabilities from financing activities |  | Ps. | 3,482,714 |  | Ps. | 15,257 |  | Ps. | 10,392 |  | Ps. | 14,435 |  | Ps. | 400 |  | Ps. | 3,523,198
|  |  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  | current |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | reclassification |  | December, 31,
|  | 2017 |  | Flows |  | Interest |  | movement |  | and other |  | 2017
Current interest-bearing loans and borrowings |  | Ps. | 1,051,237 |  | Ps. | 419,350 |  | Ps. | (130) |  | Ps. | 25,924 |  | Ps. | 907,181 |  | 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. | (130) |  | Ps. | (24,597) |  | Ps. | — |  | Ps. | 3,482,714
|  |  |  |  |  |  |  |  |  |  |  |  |  | Current vs non- |  |  |
|  |  |  |  |  |  |  |  |  |  |  |  |  | current |  |  |
|  | January 1, |  | Net cash |  | Accrued |  | Foreign exchange |  | reclassification |  | December, 31,
|  | 2016 |  | Flows |  | Interest |  | movement |  | and other |  | 2016
Current interest-bearing loans and borrowings |  | Ps. | 1,371,202 |  | Ps. | (753,897) |  | Ps. | (1,239) |  | Ps. | 121,269 |  | Ps. | 313,902 |  | 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. | 184,784 |  | Ps. | (1,239) |  | Ps. | 219,719 |  | Ps. | — |  | Ps. | 1,994,283
Schedule of other financial liabilities |
|  | 2018 |  | 2017 |  | 2016
Derivative financial instruments designated as CFH (effective portion recognized within OCI): |  |  |  |  |  |  |  |  |
Zero cost collar options |  | Ps. | 122,948 |  | Ps. | — |  | Ps. | —
Interest rate swap contracts |  |  | — |  |  | — |  |  | 14,144
Total financial liabilities |  | Ps. | 122,948 |  | Ps. | — |  | Ps. | 14,144
Presented on the consolidated statements of financial position as follows: |  |  |  |  |  |  |  |  |
Current |  | Ps. | 122,948 |  | Ps. | — |  | Ps. | 14,144
Non-current |  | Ps. | — |  | Ps. | — |  | Ps. | —

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