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Income tax (Tables)

12 Months Ended

Dec. 31, 2018

Income tax

Schedule of income tax in consolidated statements of operations

		2018			2017			2016
Current year income tax expense		Ps.	(232,824)		Ps.	(51,313)		Ps.	(706,244)
Deferred income tax benefit (expense)			471,060	*		212,488	**		(750,938)	***
Total income tax benefit (expense)		Ps.	238,236		Ps.	161,175		Ps.	(1,457,182)

*Includes translation effect by Ps.2,683

**Includes translation effect by Ps.1,008

***Includes translation effect by Ps.1,242

Schedule of income tax in consolidated statements of OCI

		2018			2017			2016
Deferred tax related to items recognized in OCI during the year
Net gain (loss) on cash flow hedges		Ps.	85,107		Ps.	12,017		Ps.	(187,408)
Remeasurement (loss) gain of employee benefits			(1,797)			533			132
Deferred tax charged to OCI		Ps.	83,310		Ps.	12,550		Ps.	(187,276)

Schedule of reconciliation of corporate income tax rate to effective tax rate

		2018		2017		2016
Statutory income tax rate		30.00	%	30.00	%	30.00	%
Non-deductible expenses		(3.53)	%	(3.90)	%	0.28	%
Unrecorded deferred taxes on tax losses		(5.56)	%	(14.55)	%	0.09	%
Foreign countries difference with Mexican statutory rate		(0.02)	%	(0.32)	%	0.04	%
Inflation of tax losses		1.79	%	1.50	%	(0.01)	%
Amendment tax return effects and other tax adjustments		(0.08)	%	(0.31)	%	(0.11)	%
Inflation on furniture, intangible and equipment		2.91	%	4.91	%	(0.38)	%
Annual inflation adjustment		0.36	%	4.00	%	(0.63)	%
		25.87	%	21.33	%	29.28	%

Schedule of consolidated deferred taxes

		2018						2017						2016
		Consolidated						Consolidated						Consolidated
		statement of			Consolidated			statement of			Consolidated			statement of			Consolidated
		financial			statement of			financial			statement of			financial			statement of
		position			operations			position			operations			position			operations
Deferred income tax assets:
Intangible		Ps.	460,590		Ps.	(2,621)		Ps.	463,211		Ps.	(18,415)		Ps.	481,626		Ps.	(16,637)
Provisions			324,445			(27,544)			351,989			8,695			343,294			56,727
Tax losses available for offsetting against future taxable income			309,320			(33,762)			343,082			309,758			33,324			(25,030)
Extension lease agreement			149,305			6,170			143,135			41,411			101,724			25,405
Unearned transportation revenue			735,355			699,414			35,941			(29,814)			65,755			7,039
Allowance for doubtful accounts			4,902			(2,422)			7,324			433			6,891			(2,179)
Employee benefits			5,446			1,456			5,786			1,222			4,031			886
Employee profit sharing			4,493			1,777			2,716			(490)			3,206			158
Financial instruments			35,955			—			(49,151)			—			(61,168)			—
			2,029,811			642,468			1,304,033			312,800			978,683			46,369
Deferred income tax liabilities:
Supplemental rent			1,595,519			32,156			1,563,363			223,753			1,339,610			363,783
Rotable spare parts, furniture and equipment, net			645,024			168,107			476,917			108,890			368,027			103,926
Prepaid expenses and other assets			170,466			(25,686)			196,152			(239,586)			435,738			280,660
Inventories			88,895			726			88,169			15,286			72,883			23,979
Other prepayments			32,057			(1,212)			33,269			(7,023)			40,292			23,717
			2,531,961			174,091			2,357,870			101,320			2,256,550			796,065
		Ps.	(502,150)		Ps.	468,377		Ps.	(1,053,837)		Ps.	211,480		Ps.	(1,277,867)		Ps.	(749,696)

Schedule of components of deferred taxes in the consolidated statement of financial position

		2018			2017			2016
Reflected in the consolidated statement of financial position as follows:
Deferred tax assets		Ps.	593,302		Ps.	562,445		Ps.	559,083
Deferred tax liabilities			(1,095,452)			(1,616,282)			(1,836,950)
Deferred tax liability, net		Ps.	(502,150)		Ps.	(1,053,837)		Ps.	(1,277,867)

Schedule of reconciliation of deferred tax liability, net

		2018			2017			2016
Opening balance as of January 1,		Ps.	(1,053,837)		Ps.	(1,277,867)		Ps.	(340,895)
Deferred income tax benefit (expense) during the current year recorded on profits			468,377			211,480			(749,696)
Deferred income tax benefit (expense) during the current year recorded in accumulated other comprehensive income (loss)			83,310			12,550			(187,276)
Closing balance as of December 31,		Ps.	(502,150)		Ps.	(1,053,837)		Ps.	(1,277,867)

Schedule of available tax carry-forwards

An analysis of the available tax losses carry-forward of the Company at December 31, 2018 is as follows:

Year		Historical			Restated						Total remaining			Year of
of loss		Loss			tax loss			Utilized			amount			expiration
2016		Ps.	57,414		Ps.	57,414		Ps.	—		Ps.	57,414		2019
2016			52,221			57,215			57,215			—		2026
2017			300,613			300,613			—			300,613		2020
2017			1,068,498			1,150,140			122,359			1,027,781		2027
2018			170,731			170,731			—			170,731		2021
2018			3,191			3,290			—			3,290		2028
		Ps.	1,652,668		Ps.	1,739,403		Ps.	179,574		Ps.	1,559,829

A breakdown of available tax loss carry-forward of Controladora and its subsidiaries at December 31, 2018 is as follows:

		Historical			Restated						Total
		loss			tax loss			Utilized			remaining amount
Comercializadora		Ps.	52,221		Ps.	57,215		Ps.	57,215		Ps.	—
Concesionaria			1,067,836			1,149,425			122,359			1,027,066
Operaciones Volaris			3,853			4,005			—			4,005
Vuela Aviación			528,758			528,758			—			528,758
		Ps.	1,652,668		Ps.	1,739,403		Ps.	179,574		Ps.	1,559,829
Unrecognized NOLs												(528,758)
											Ps.	1,031,071
Tax rate												30	%
Deferred income tax											Ps.	309,320

Schedule of tax balances

		2018
Restated contributed capital account (Cuenta de capital de aportación or “CUCA”)		Ps.	3,917,548
CUFIN*			3,107,037

*The calculation comprises all the subsidiaries of the Company.

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The disclosure of deferred taxes. [Refer: Deferred tax liabilities; Deferred tax assets]

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