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Operating leases (Tables)

12 Months Ended

Dec. 31, 2018

Operating leases

Schedule of composition of fleet and spare engines, operating leases

*:

				At December		At December		At December
Aircraft Type		Model		31, 2018		31, 2017		31, 2016
A319		132		4		6		6
A319		133		4		6		9
A320		233		39		39		39
A320		232		4		4		4
A320NEO		271N		12		6		1
A321		231		10		10		10
A321NEO		271N		4		—		—
				77		71		69

				At December		At December		At December
Engine Type		Model		31, 2018		31, 2017		31, 2016
V2500		V2527M-A5		3		3		3
V2500		V2527E-A5		3		3		4
V2500		V2527-A5		2		2		4
PW1100		PW1127G-JM		2		—		—
				10		8		11

* Certain of the Company’s aircraft and engine lease agreements include an option to extend the lease term period. Terms and conditions are subject to market conditions at the time of renewal.

Schedule of rental expense charged to results of operations

		2018			2017			2016
Aircraft and engine (Note 1p)		Ps.	6,314,930		Ps.	6,072,502		Ps.	5,590,058
Real estate:
Airports facilities			56,288			44,251			40,591
Offices, maintenance warehouse and hangar (Note 20)			36,483			30,544			33,517
Total rental expenses on real estate			92,771			74,795			74,108
Total cost of operating leases		Ps.	6,407,701		Ps.	6,147,297		Ps.	5,664,166

Aircraft and engines

Operating leases

Schedule of future minimum lease payments

		Aircraft operating leases						Engine operating leases
					in Mexican						in Mexican
		in U.S. dollars			pesos(1)			in U.S. dollars			pesos(1)
2019		US$	301,632		Ps.	5,936,992		US$	7,314		Ps.	143,961
2020			296,205			5,830,173			6,694			131,757
2021			288,462			5,677,769			6,537			128,667
2022			275,451			5,421,674			6,064			119,357
2023			238,970			4,703,623			5,066			99,714
2024 and thereafter			897,251			17,660,502			5,121			100,796
Total		US$	2,297,971		Ps.	45,230,733		US$	36,796		Ps.	724,252

(1)  Using the exchange rate as of December 31, 2018 of Ps. 19.6829

Land and buildings

Operating leases

Schedule of future minimum lease payments

		Operating
		leases			Equivalent in			Operating leases
		denominated in			Mexican			denominated in
		U.S. dollars			pesos*			Mexican pesos
2019		US$	9,754		Ps.	191,989		Ps.	131,166
2020			6,017			118,428			88,237
2021			3,111			61,243			16,114
2022			1,763			34,691			13,302
2023			721			14,201			10,108
2024 and thereafter			3,534			69,553			33,459
Total		US$	24,900		Ps.	490,105		Ps.	292,386

*Convenience translation to U.S. dollars (Ps. 19.6829)

X

- Definition

The disclosure of additional information about leasing activities of a lessee.

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The disclosure of a maturity analysis of operating lease payments. Operating lease is a lease that does not transfer substantially all the risks and rewards incidental to ownership of an underlying asset.

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